Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: xi-winnie on August 19, 2018, 01:53:57 AM



Title: is Dogecoin Blockchain or cryptocurrency
Post by: xi-winnie on August 19, 2018, 01:53:57 AM
Is Dogecoin a blockchain protocol or cryptocurrency that's on an already existing blockchain network?

I know that Dogecoin is based of Luckycoin which in turn is based of Litecoin.

Dogecoins can be released through mining, much like Bitcoins, Ethereum, Litecions that have their own blockchain protocols.


Title: Re: is Dogecoin Blockchain or cryptocurrency
Post by: seoincorporation on August 19, 2018, 02:34:20 AM
Is Dogecoin a blockchain protocol or cryptocurrency that's on an already existing blockchain network?

I know that Dogecoin is based of Luckycoin which in turn is based of Litecoin.

Dogecoins can be released through mining, much like Bitcoins, Ethereum, Litecions that have their own blockchain protocols.

We can say it's both. Dogecoin is a cryptocurrency who run in his own blockchain.

As you can see in this site doge coin have his own chain https://dogechain.info/ and if you want to use it as a currency you can use a doge online wallet, or download the doge core from https://dogecoin.com/

Doge, LTC, ETH are a criptocurrency who born from the bitcoin core with some modifications, but each one have their own blockchain.


Title: Re: is Dogecoin Blockchain or cryptocurrency
Post by: nc50lc on August 19, 2018, 02:43:22 AM
The misunderstanding came from your categorization, Blockchain and Cryptocurrency belong to two different categories.
  • Crytocurrency(ies) are generally all digital currencies that function like a currency or even an asset like stocks.
  • Blockchain is the underlying technology of some digital currencies like Bitcoins.

So the answer would be: Yes Dogecoin is a cryptocurrency that uses Blockchain technology.

And also, if the topic isn't Bitcoin-related, you must post them to Altcoin Discussion.
(I just requested a mod to move this thread)