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Bitcoin and Dogecoin are both cryptocurrencies, but they have key differences. Bitcoin is the first cryptocurrency, created in 2009 as a decentralized digital currency for peer-to-peer transactions. It has a limited supply of 21 million coins and uses a proof-of-work consensus mechanism.
Dogecoin, on the other hand, was launched in 2013 as a fun, meme-based cryptocurrency. It has an unlimited supply and uses a scrypt-based proof-of-work algorithm, making it faster for transactions. Dogecoin is often used for tipping and small online payments, while Bitcoin is seen more as a store of value like digital gold. |
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