Bitcoin is the first and most well-known cryptocurrency, often seen as digital gold. It operates on a decentralized network called blockchain and focuses primarily on being a store of value and a medium of exchange. Other cryptocurrencies, like Ethereum, Ripple, and Litecoin, have different purposes and functionalities. For example, Ethereum allows for smart contracts and decentralized applications (DApps), while Ripple focuses on facilitating fast and low-cost cross-border transactions. Each cryptocurrency has its unique features, use cases, and underlying technology.
