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Author Topic: Bitcoin vs Dogecoin vs Litecoin vs Peercoin  (Read 5549 times)
meganburke
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June 01, 2015, 06:53:37 AM
 #1

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

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June 01, 2015, 07:24:58 AM
 #2

Bitcoin, Dogecoin and Peercoin all use SHA-256 Cryptography
Litecoin uses Scrypt.

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

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June 01, 2015, 07:38:16 AM
 #3

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 = ?

lurking.
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June 01, 2015, 01:00:47 PM
 #4

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.
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June 01, 2015, 01:18:19 PM
 #5

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


Some useful discussion here 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.

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June 02, 2015, 01:58:08 PM
 #6

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.

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June 02, 2015, 03:33:39 PM
 #7

Bitcoin = Gold
Litecoin = Silver

all you need.

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June 02, 2015, 03:52:23 PM
 #8

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.
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June 02, 2015, 03:56:12 PM
 #9

Different owners and some alts have new features.
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June 03, 2015, 12:46:31 PM
 #10

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

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...

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Muhammed Zakir
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June 03, 2015, 01:51:47 PM
 #11

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

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".

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June 03, 2015, 05:33:07 PM
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What is the difference between bitcoin, dogecoin, litecoin and peercoin?

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.

----

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

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June 04, 2015, 07:06:18 AM
 #13

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.
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June 05, 2015, 09:45:51 PM
 #14

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

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

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June 05, 2015, 10:02:24 PM
 #15

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

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".

I dont think so...prices of doge, ltc and other altcoins are based on btc
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June 05, 2015, 10:09:28 PM
 #16

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 = ?
Peercoin= first hybrid POW/POS coin

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

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June 09, 2015, 08:10:56 PM
 #17

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.
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June 09, 2015, 08:43:40 PM
 #18

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

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June 09, 2015, 11:34:22 PM
 #19

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.
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June 10, 2015, 12:07:15 AM
 #20

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.

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