Why are there so many cryptocurrencies? And how do they differ?

Many people are interested in these questions. To understand where so many cryptocurrencies come from, you need to understand what networks are.

The network works as follows: Vitaly Buterin made the cryptocurrency ether and published the source code of the coin to the network. Then other programmers began to make their coins based on this code. After that, they began to publish their coins based on this network. The same happens with the bitcoin network, and many others. In other words, anyone can make a token in some network. But making a new network is not an easy task. Most of the coins are made on the ETH or BSC network.

At the moment, there are a huge number of networks. For the average user, their difference lies only in the cost of transactions.