Quote from: virtualx on September 10, 2014, 11:48:47 AM

Quote from: barneystinkcoin on September 03, 2014, 08:27:48 AM

What's the difference between those coins? Does it have the same prices? Though I only hear about bitcoin a lot. What's altcoin, litcoin and dogecoin got to do?

They are different currencies. They have a different supply/demand and trade volume, that's why the price is different.
It's similar to why US dollar is worth more than Congo dollar

If you are creating a currency, at some point you have to choose how many units you will produce.
Will there be 1000 coins? 100.000 coins? Will you keep creating coins forever?
This is the coin limit. Bitcoin has a maximum of 21 million coins. Litecoin has a maximum of 84 million. Every coin has its coin limit.

You are almost right. But every coin doesn't have coinlimit. Its the founders choice whether the coin should has coinlimit or not. But ofcourse, the reward for blocks gets diminished over time. Coins without coinlimit are PPCoin and its offspring NovaCoin. I don't know whether any new coin is introduced without coinlimit.

~~MZ~~