Dogecoin vs Bitcoin

[CryptoHolic]

Dogecoin and Bitcoin are both cryptocurrencies, but they have some key differences:

• Market capitalization: Bitcoin has a much larger market capitalization than Dogecoin. As of February 2023, Bitcoin's market capitalization is around $2 trillion, while Dogecoin's is around $20 billion.
• Transaction speed: Dogecoin is known for its fast transaction times, with an average confirmation time of around 1 minute. Bitcoin's transaction times are slower, with an average confirmation time of around 10 minutes.
• Mining: Bitcoin and Dogecoin have different mining algorithms. Bitcoin uses the SHA-256 algorithm, while Dogecoin uses the Scrypt algorithm. The Scrypt algorithm is designed to be more accessible to average users with home computers, while the SHA-256 algorithm is more complex and requires specialized hardware.
• Community: Dogecoin has a strong and active community of users, with a popular subreddit and other social media channels. Bitcoin also has a large community, but it is not as decentralized as Dogecoin's.
• Use cases: Dogecoin is often used for online tipping, microtransactions, and charitable donations. Bitcoin is also used for these purposes, but it is also used as a store of value and a means of exchange.
• Supply: The total supply of Dogecoin is unlimited, while the total supply of Bitcoin is capped at 21 million.
• Block time: The block time for Dogecoin is 1 minute, while the block time for Bitcoin is 10 minutes.
• Block reward: The block reward for Dogecoin is 10,000 DOGE, while the block reward for Bitcoin is 6.25 BTC.
• Difficulty adjustment: Dogecoin's difficulty adjusts every block, while Bitcoin's difficulty adjusts every 2016 blocks.
• Blockchain size: Dogecoin's blockchain is smaller than Bitcoin's blockchain, with a size of around 20 GB compared to Bitcoin's 200 GB.

Readmore: https://medium.com/@nam_75040/dogecoin-the-funny-crpto-shiba-97a18ff71b3e