In any ecosystem, be it in nature or business, there is always a competition. And most often than not, the best always rises to the top. And here in our crypto ecosystem, a competition do also exist. Between Bitcoin and Altcoin. We all very well known that bitcoin, being the first and most proven cryptocurrency already took the center stage in crypto market. Now that altcoins came into the picture, where does it really stands? What will be the selling point of altcoin that will eventually led the bitcoin enthusiasts to finally switch places?
Altcoins are very important because Bitcoin has limitations in terms of what it can do as well as in terms of available supply.
Bitcoin will never be the fastest cryptocurrency nor will it have the lowest fees. But it will probably always be used as a store of value.
Altcoins are needed to fill various niches in the future. Each one will have some different characteristics that will make it suitable for different purposes.