Do you ever wonder why there are many altcoins today? I was just thinking that since the main objective of cryptocurrency is to ease payment. Why would people create so much altcoins when people can only use bitcoin as a payment gateway? Are the founders of every altcoins creating their token for money?
Not all altcoins are bad there are few which have really solved many issues which Bitcoin cannot. For example Ethereum has changed and allowed so many things that I cannot write it here.
Competion is always good and because of it we have Bitcoin lightning network, which is helping Bitcoin to stay in the race otherwise Bitcoin could have lost easily from Fiat.