Bitcoin Forum

What is the difference between bitcoin, dogecoin, litecoin and peercoin?

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 = ?

Yeah peercoin uses a proof-of-stake/proof-of-work hybrid system (the first cryptocurrency to use POS).
The network transaction fees are also destroyed (not paid to miners), which offsets the inflation caused by minting new coins.

Some useful discussion here https://bitcointalk.org/index.php?topic=1072125.0 (https://bitcointalk.org/index.php?topic=1072125.0) on bitcoin, litecoin and dogecoin. Peercoin is yet another altcoin based on different principles, but also a fork of the bitcoin source code.

Just different cryptos, while btc and ltc are for some time being traded directly for fiat (btc first) the other two still deals with a conversion to btc to do so. Also while btc has a much larger community none of the other 3 can compare, the stabilitty btc has been achieving this days (in %) is also a difference point as those "smaller" coins tends to be much more volatile.

Bitcoin = Gold
Litecoin = Silver

all you need.

Altcoins really went down with all the pump/dump coins.  It's sad as I enjoyed altcoins.

But unless trading those are the two I would keep ahold of.  And personally I would go a lot more into bitcoin, I think it has the best potential longterrm.  That is my opinion though.

Different owners and some alts have new features.

bitcoin is main cryptocurrency and the most reliable of all cryptos if you want to buy. besides it has more usage than others.
the rest are just altcoins that don't really have a good future.
i only like Dogecoin because of its community, and the rest are just for trading and gaining profit...

There is nothing called "main cryptocurrency".

Bitcoin was the first cryptocoin and is the preferred coin by most of people.

Litecoin and Dogecoin have a wide community adoption. There are lots of people that uses them (but not as many as Bitcoin).

Percoin doesn't have the same community support than the previous coins, but It have a different algorithm (It's like NXT) and It could increase their usage, because that algorithm is very efficient. But I think that It wont replace BTC, because if that algorithm is enough secure, Bitcoin code could be modified and adopt it.

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Remember that Dogecoin doesn't have a fixed amount of coins. The number increases with the time, so It can have inflation. Bitcoin and Litecoin have a fixed amount of coins.

I use Bitcoin for savings

Another way to look at coins is to check their volume and market cap.  This will give you a really good idea of what the community thinks about them.  Keep in mind these numbers change all the time.  Many alts rise and fall for any number of reasons.  I agree with the gold/silver comparison because bitcoin and litecoin seem to be the most stable and widely used of the coin.  But again check volume and market cap to see how much of what is being used.

Basically they all are crypto currencies with differences in the way they function, or their origin script.
It's not difficult to make a new crypto currency for yourself, making it valuable is another ball game though

I dont think so...prices of doge, ltc and other altcoins are based on btc

Peercoin= first hybrid POW/POS coin

all 3 are innovation expect dogecoin, that was created just for fun.

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.

BTC, LTC, DOGE - PoW coins
PPC - PoS coin

BTC, PPC - SHA-256
LTC, DOGE - Scrypt

BTC was the original crypto currency by Satoshi
LTC was created as an alternative to BTC using a different PoW algorithm
DOGE was initially created based on the inu shiba meme that stormed the scene in 2013
PPC was the first proof of stake coin

So, in considering precious metals and cryptocurrency analogies, if Litecoin is the silver to Bitcoin's gold, then what is copper?


Copper is in all these different electronics, et cetera. Which altcoin gets to claim to be copper? That's my question.

Consider that every alt coin relies on bitcoins value.

I think i would just save the time and headache and just invest with bitcoin, just in my observation.

Who hows what is the copper in this list. Maybe NXT or DASH or PAYCOIN or any other altcoin or something. Considering that most of new coin are pre mined look in 2 year back and find something that is for third place. If we take this list for example then is something completely different in coin list for third place.

http://www.cryptocoincharts.info/coins/info (http://www.cryptocoincharts.info/coins/info)

You only need to know is that bitcoin is the only coin may success.
And the others are just shit.

Paycoin won't be used it will be continued to be dumped because it was designed to scam people..


not all altcoins are shit, some have potential to be successful.

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.

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.

Just like waterpile said there are some alt that can be invested in right time and make profit from it. Also there so many scams it easy to view them. Most of the new coin that are said that they are not primined or just 5% are scams, it more reliable coin that said its 50% premined.

Forget about LTC, PPC & DOGE ......
Know more about BTC
Because, it's the only one true cryptocurrency

all altcoin are doomed, seeing how sidechain is a reality now and not a speculative vaporware, they will be total useless it's better to focus your attention on bitcoin only especially now with all the drama that thickens

Agree, most of the altcoins are falling down, except darkcoin and litecoin
somehow they managed to had a good price, but we'll see how these altcoins turns out  ;)
I can't believe i still had 10 doge left on my pocket  ;D

they all are relative to each other currencies difrently thecnological mined no but all with its wallets and relative prices the best to invest and more easy to trade to fiat its btc soo its more used but if other are speedy block find and currency tradeble quick can be use too good also are good for grow and to be safe and storaged

Having a good price doesn't mean that there are a lot of users behind the coins. Unless Dash changes something it could just slowly die. LTC should have died long ago.

As for the difference it is pretty much SHA256 vs Scrypt; POW vs POS (only PPC) and every other fundamental rule such as coin supply, block generation time, block adjustment. I would advise you not to waste time on Dogecoin, Litecoin or Peercoin.

Nice Quote DOGE is based on a joke but that coin is more profit than litecoin and bitcoin in last month :)

I think dogs have prospects for the future.

Doge is very amazing coin super Big suply with Great comunity, some coin is dead with high amount like PND

Dogecoin wasn't a technical innovation but it was an innovation in terms of marketing.



I would have thought Dogecoin would be the coin that is most analogous to copper. For example, CLAM used the blockchains of BTC, LTC, and DOGE to distribute their coins. Dogecoin is also the coin that has seen the most mainstream exposure after Bitcoin and Litecoin. After the initial success of BitcoinDark, it was quickly followed by LitecoinDark and DogecoinDark.

Many exchanges also have DOGE markets in addition to BTC and LTC markets for trading sub-satoshi/sub-liteoshi amounts.

And before Dogecoin, PPC would probably have been the coin that was closest to having the status of copper based on its market cap and similarity to LTC/BTC.

From what I understand they are all forms of cryptocurrency, so they can all be used as money, however there is not as much use for DOGE and all of the rest, for I think BTC runs the market.  I have also found that there are not to many places that accept these other cryptocurrencies.  So I stay with BTC.  I have play miners with the rest of them, but I transfer them to BTC as soon as I can. 

all cryptos all existing cuz of btc like knightkon mentioned


do this as soon as you can

bitcoin comes first then altcoin dogecoin and peercoin i don't know about it
try to make more of bitcoin then the rest cause BTC is the most known of them

I understand the difference between these coins, but is it worth mining any of the other coins.  Why or why not please?

There is only one difference between them, bitcoin matters.

litecoin clone of bitcoin with limited supply like bitcoin, doge is a clone of bitcoin with unlimited supply, they don't offer nothing over bitcoin, practically useless just for fun and feed your bitcoin wallet

peercoin was good back then  with its energy efficient stuff now seems stagnant

Bitcoin and Dogecoin are quite popular, because there are a lot of Web sites, in which you can use them. Especially BTC of course, which is Nr. 1 crypto currency in the world  ;)