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
Do check out: Top 25 Cryptocurrencies January 2014
What do you think the future will hold for Dogecoin vs. Bitcoin?
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(Infographic source: Bitcoin Examiner, Photo Screenshot from What is up with Dogecoin? [infographic].)