#CryptoBasics When exploring cryptocurrencies, it's important to distinguish between coins and altcoins.
Coins, like Bitcoin and Ethereum, operate on their own blockchains and are seen as secure and reliable. However, they can be energy-intensive, expensive to maintain, and may have limited use cases.
In contrast, altcoins include all cryptocurrencies besides Bitcoin. Some, like Litecoin, have their own blockchains, while others, such as USDT and Chainlink, run on established networks like Ethereum. Altcoins often introduce innovative features, have lower fees and energy consumption, and are easier to create. However, they also pose higher risks, including scams and price volatility.
In summary, coins are trusted and strong, while altcoins offer creativity and flexibility at a higher risk. What's your favorite coin or altcoin?