Hi,
i would to know, what are the main importatnt alternative cryptocurrency to bitcoin??? example: litecoin, megacoin.....
- Why these kind of coin have need to exist? because bitcoin have some problem, or issue, and this type of coin are born to resolve this issue, or for another mission?
- this other coin can work with the same process of bitcoin (blockchain, private and pubblic key, process of mining??)
- the alternative cryptocurrecy can be considered a true alternative of bitcoin or these are weak to challege bitcoin??
Thanks
1. Alternative cryptocurrencies exists because there are some people who want to make a good profit on them, but other times, they are created so as to introduce a new feature that might be lacking in bitcoin.
2. Yup, most of them do. But there are other coins that do not follow the Proof Of Work method in order to generate more coins. There are also Proof of Stake coins among others.
3. So far, there weren't any coins created that can contest the technology there is in bitcoins. Some of them is promising (Darkcoin, Monero, etc.) while most of them are just created to get some nice profit.