Bitcoin / Cryptocurrency

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Bitcoin
Cryptocurrency
What is the difference between Bitcoin and other Cryptocurrency?


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  • TheRealRaven
    That's a very broad question. In general, they're run through different "exchanges" (no better way to say it that I can thing of). It's kind of like like asking "What's the difference between Word and other word processing programs?" It'd take a book to answer. I'm not sure if this is an appropriate place to ask since there's no apparent technical problem we can help with.
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  • ToddN2000
    Like Raven said the concept is the same but they run through different exchanges and use different encryption methods to secure transactions. Bitcoin has been around longer than most of them. Some people love it and others could care less. I have yet to see a retailer in my area willing to take Bitcoin as payment.
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  • Subhendu Sen
    Bitcoin is organized through a network known as a Blockchain, which is basically an online ledger, that keeps a secure record of each transaction. Every time you buy/sell bitcoin, the swap gets logged. While concept of Cryptocurrency is critical. Cryptocurrency is all about confirmation. As long as a transaction is unconfirmed, it is pending & can be forged. When a transaction is confirmed, it is set to be OK. This is a basic definition. You can read some good books to know more and after analyzing their definitions, you may differentiate them.
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  • TheRealRaven
    Actually, many of them use the same encryption and essentially all (or most at least) other algorithms and modules. They're simply copies of the same software using different names and "exchanges". Anyone can start up their own copies with their own cryptocurrency 'brand name'. Open source is available.
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