As being new here in the world of crypto I want to ask something. We all knows that the great crypto now a days is bitcoin but my question is if bitcoin is the mother of all coins, do you think what is the reason why many people in the world make thier own coins and now there are many altcoin?
Anyone knows who is the creator of ethereum and what is the purpose of ethereum in the crypto world?
I can say more than 70% altcoins in the crypto market is a tokenization from every foundation or companies. But that doesn't mean if that was backed by asset or other.
Since the crypto was started from the open source code and there is a lot of people were trying to take an advantage from there through create their own crypto to attract buyers and they get money instantly.