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Dogecoin vs. Bitcoin [INFOGRAPHIC]

Dogecoin vs. Bitcoin [INFOGRAPHIC]

Dogecoin vs. Bitcoin compared in a beautiful infographic for you. Dogecoin started out as a joke in 2013. Now it has become a meme and a cryptocurrency that is tearing up the altcoin charts.

The story goes that it was a partnership between a marketer in Sydney, Australia and a developer in Portland, Oregon that gave birth to Dogecoin. The meme that became a coin took off like a rocket on Reddit and spawned several subreddits too. It is currently (as of 1/28/2014) #6 by market cap on coinmarketcap.com’s “Crypto-Currency Market Capitalizations.”

There are some distinct similarities and differences when it comes to Dogecoin vs. Bitcoin. Dogecoin’s algorithm is Scrypt whereas Bitcoin’s is SHA256. Max coins ever to be mined is 100,000,000,000 DOGE vs. abpout 24,000,000 for BTC. Block time is 60 Seconds vs. Bitcoin’s 10 minutes. The current block reward for miners in 1,000,000 DOGE vs. 25 BTC for miners.

Doge is traded on Cryptsy, Vicurex, CoinedUp, and a few other exchanges, as is BTC. Not bad for a brand new currency that was only launched on December 6, 2014.

See also: Top 25 Cryptocurrencies January 2014

Dogecoin vs. Bitcoin [INFOGRAPHIC]

Do check out: Top 25 Cryptocurrencies January 2014

What do you think the future will hold for Dogecoin vs. Bitcoin?

Leave a comment and do share.

Resources

http://bitcoinexaminer.org/what-is-up-with-dogecoin-infographic/

(Infographic source: Bitcoin Examiner, Photo Screenshot from What is up with Dogecoin? [infographic].)

About Peter Trapasso

Peter Trapasso is a writer and social media marketing expert who blogs at PeterTrapasso.com. He is based in San Francisco, Ca. For many years he worked for Fortune 500 and startup companies in high technology. Currently he is one of the Top 65 most followed people on Twitter in San Francisco, a Top 1% Kred Social Media VIP, Klout Influencer, and Socialbakers Ambassador. He is dedicated to social good and making the world a better place for all of us. Social media marketing, Bitcoin, alternative currencies, and litecoin.

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