Cryptocurrencies have been the most discussed topic in recent times. Everyone around the world is investing in crypto to either make their living convenient or to aim for profitable returns. The pioneer currency in the cryptocurrency market is Bitcoin, after this coin, there are a number of alternative coins that have come into existence. Ethereum and Bitcoin are also two other alternative coins that came into the crypto industry. To choose between these two currencies we must first know briefly about their origin.
Ethereum owes its origin to Vitalik Buterin in 2013. Vitalik has earlier worked for Bitcoin, that is how he came to the making of his own cryptocurrency. This crypto coin is based on the Ethereum blockchain. Ethereum’s blockchain is considered to be an all-rounder blockchain that allows any type of use. To own an Ethereum coin you can purchase Ether. The speciality that it possesses is that it is merely not just a cryptocurrency but on its blockchain one can create new cryptocurrencies or further it empowers to establish decentralized applications called DApps. So, if you are planning to trade or mine Bitcoin, then you may visit bitcoin trader
The perk that cryptocurrencies provide is that it has no third party to overlook their workings. The DApps feature empowers it to enable a peer-to-peer monetary system. One of the most appreciative features that it gives to its users is ‘SMART CONTRACT’. A smart contract is a self-executing contract that is executed when the terms and conditions of a contract have come to an end.
Ethereum is the first crypto token to have used it in its cryptocurrency for enabling a better monetary system for its investors. This has often been termed as one more point for the competition of this cryptocurrency.
Dogecoin, on the other hand, came out as a joke. Jackson Palmer and Billy Markus were the two software engineers that formed it as a joke in 2013. As many currencies were evolving at that time, they both also thought of making it just a joke rivalry for the other currencies. This coin is based on a dog’s breed that is famous in Japan. It has not been a famous coin for quite some time but recently many factors have helped to surge its price. Many crypto exchanges did not even list this coin.
Why Ethereum Would Be A Better Option To Invest In
Ethereum has been made keeping in mind all the dos and don’ts and is a solemn project. Its founder has been actively working on this project to make it skyrocketing in value. This crypto offers updates with each passing year regarding its working. It is listed on every crypto exchange that is one more advantage that makes it a more preferred coin. If we consider between both these cryptocurrencies, Ethereum would be an option to always go for. The other point that makes it more considerate currency are as follows:
- Its coin circulation per year has a limit of 18 million per year whereas there is no bar in the case of Dogecoin.
- Ethereum cryptocurrency along with Bitcoin has shown consistency in its price and values that is why it is more preferred. Although there are fluctuations in the crypto coins due to their volatile nature, still its position has not been demoted.
- The best part about Ethereum is the SMART CONTRACT feature.
Hence, the article scatters some information comparing the Ethereum and the Dogecoin cryptocurrencies. Both these currencies show some hike in their value but in terms of consistency, Ethereum has been stable. I hope the article would have made your choices clearer regarding these two cryptocurrencies. Wish you all the luck in your crypto journey.