Post
Topic
Board Beginners & Help
Re: Difference Between Bitcoin and Crypto currency
by
Fivestar4everMVP
on 03/07/2022, 19:21:43 UTC
Going through a lot of thread here,Am convinced that Bitcoin and cryptocurrency serves as a means of Exchange for trading.
Am still trying to understand the clear difference between the both and know how to place them in their separate parts..
I'll like to know more and be corrected where am wrong.
Bitcoin is a coin while cryptocurrency is a general term or name for both bitcoin and altcoins together, if you check my posts, I will use the term "Bitcoin and cryptocurrencies in general", this means that Bitcoin is one of the cryptocurrencies.
It's just like all local currencies(paper money) are generally called fiat currencies, so also is Bitcoin and every other altcoins are together called cryptocurrencies, Bitcoin alone is a cryptocurrency, Ethereum alone is a cryptocurrency, BNB, SOL, AVAX, TRX are all individually known as cryptocurrency, but when you join or bring them under one umbrella, they are generally referred to as cryptocurrencies.

I hope this makes sense.