Post
Topic
Board Beginners & Help
Re: Bitcoin vs Dogecoin vs Litecoin vs Peercoin
by
pooya87
on 10/06/2015, 12:46:43 UTC
Bitcoin, Dogecoin and Peercoin all use SHA-256 Cryptography
Litecoin uses Scrypt.

They all differ in price, total coin amount and transaction time.

Doge actually uses scrypt, and I don't really know how peercoin works but they claimed that they are hybrid.

bitcoin = first cryptocurrency
litecoin = first scryptcoin and altcoin
doge = based on a joke
peercoin = ?

You cant describe  Dogecoin as a based on a joke. is a coin as all other. Yes there is a myth that only gives him good that is a joke coin.
i agree, although it is a correct fact about Dogecoin, it is not the first thing you say about it.
it is another altcoin like others with a huge and cool community of people using it.
and specially with the recent price jump, it made a lot of people happy.

Consider that every alt coin relies on bitcoins value.

~~
not necessarily true IMO.
i think the ones that are being traded with both fiat and BTC are affected by bitcoin's price, and the rest have their own price swings going on.