Clueless about crypto

Alright Zig Forums. I followed bitcoin a while back but never really got into the crypto world. Tried to come back and now there's too many to count.

Where the heck do I start? What's the difference with them all and how soon until the govts start destroying them?

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FUCK off and read the sticky you far fuck.

Buy Chainlink and nothing else

Just buy LINK on coinbase

So edgy, yet so void of any legitimate information.

Sticky doesn't say shit about asking the difference in cryptos.

First time I landed there I thought it was a legit scam based on page layout. Any advice on mistakes to avoid there? About to push some funds that way.

DO NOT LISTEN to anyone here. if they chill you some bullshit like chainlink dont buy before studying it, bitcoin is still the king, and there's now new investment and new cryptocurrency go learn about each one of them.

imagine thinking a coin that has made 20% YTD makes that crypto the king lmao.
better get into link while you still can.

DYOR

With that being said, why are other cryptos being created then? Is there a different purpose or process that provides more value than bitcoin?

OP Im about to do you and any other noobs a favor right now. Here's what you need to know and how you start:

Bitcoin was the first paradigm: decentralized money

Ethereum was the next great innovation: It introduced smart contracts, creating programmable money.

Ethereum enabled the explosion in cryptocurrencies as it has provided a platform for the two major crypto themes: decentralized finance (DeFi) and web 3.0 (the concept of controlling your own data and decentralized applications, whose backends at least partially run on smart contract platforms like Ethereum.

After the success of Ethereum, a number of teams have tried and are trying to build 'ETH killers' that also create platforms (layer ones) for others to build web 3.0 platforms and DeFi programs on top.

Some examples are Avalanche, Tezos, PolkaDot, Algorand, EOS, and Solana. Some of them make sacrifices to offer more scalability, one of Ethereum's current weaknesses, and all of them face the challenge that Ethereum already has a critical mass of applications building on top of it, which are all benefitting from their composability and creating synergy with each other

To be continued...