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Bitcoin is the first and most well-known cryptocurrency, but many other coins like Bitcoin have emerged in the market. These alternatives, often called altcoins, aim to improve upon Bitcoin\“s features or offer unique functionalities. For example, Litecoin is often referred to as the silver to Bitcoin\“s gold, providing faster transaction times and a different hashing algorithm.
Another popular coin like Bitcoin is Ethereum, which introduced smart contracts and decentralized applications, expanding the use cases beyond simple peer-to-peer transactions. Other examples include Bitcoin Cash, which focuses on scalability, and privacy-focused coins like Monero. Investors and users should research these alternatives to understand their benefits and risks compared to Bitcoin. |
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