Question: Why there are so many different Cryptocurrencies created? Are they any different?
Since the creation of Bitcoin, many developers have been inspired and used Bitcoin’s fundamental protocol to create their own Cryptocurrencies.
Bitcoin’s protocol is open to public and anyone can access to it.
Some of them have new features, new objective, new target or improvements made on the fundamental protocol and could even offer a better service than Bitcoin in the future.
It is free to create Cryptocurrency, and as long as users and businesses accept them, the Cryprocurrency can grow its market.
Same as the Bitcoin market over 10 years ago, no one really knows which Cryptocurrency will be more popular in the future and valuable.