How does Crypto differ from Bitcoin?

How does Crypto differ from Bitcoin?

Bitcoin and Crypto are both digital assets. There are thousands of cryptocurrencies other than Bitcoin. They are generally referred to as “altcoins” meaning they are an alternative to the original “Bitcoin”.

A key difference between Bitcoin and altcoins is their use case. Bitcoin was designed primarily as a digital currency, allowing people to send and receive payments without the need for intermediaries like banks or payment processors. Altcoins may have different use cases, such as Ethereum's use as a platform for creating decentralized applications or Ripple's XRP tokens use in cross-border payments.

While Bitcoin is the most well-known and widely used cryptocurrency, it is just one of many different options available. Altcoins may offer different features and use cases, and may have different levels of adoption and acceptance.

The main difference between Bitcoin and Crypto is that Bitcoin is not run and controlled by a centralised organisation. The vast majority of altcoins have been created by companies who have various forms of control over how they operate and how many of their tokens are released to the market. Bitcoin is truly decentralised as it is not run by a company. It does not have a CEO or a board of directors. Its supply is also limited by its code to 21 Million tokens. While this may seem like a high number, contrast it with the Shiba Inu token whose current circulating supply is approximately 589 Trillion.

Altcoins all share some similarities with Bitcoin, such as the use of blockchain technology and the ability to make peer-to-peer transactions without the need for a central authority.

Before investing in any crypto asset, you should do your own research. Who is behind the project? What is its intended use? Who controls the supply of coins? What is the circulating supply? Is it on the way up or on the way down? All of this information can inform your decision on whether you want to invest in it.