I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.
Is there no independence in the cryptocurrency world?
Thank you!
Not all Altcoins that have an impact on the high price of Bitcoin, Bitcoin and other Altcoins have their own blockchain and also different functions. Altcoins are the second generation based on the principles of Ethereum, smart gas and smart contracts. Bitcoin is constantly evolving technically so there are smart contract prototypes based on it all. in general what happens in the market is as if when the price of Bitcoin goes up, all altcoins follow the same increase, there are still some other altcoins that sometimes can go up and down in price without Bitcoin being caused.