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Nathan Bashaw
@nbashaw · Co-founder and CEO of Hardbound
Verified!
Ok I have to ask: is there any technical difference between dogecoin and bitcoin? Or just branding?
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Ryan Hoover
@rrhoover · Founder, Product Hunt
Much education. Very thanks.
(Am I doing this right?)
H
Wells Riley ✨
@wr · ᕕ( ᐛ )ᕗ
Dogecoin is actually a lot more like Litecoin than Bitcoin. Litecoin is based on a cryptographic algorithm called Scrypt, while Bitcoin is based on SHA-256. Most altcoins are "Scrypt" coins.
Functionally, however, they're all very similar. There are some nuances with regards to mining (Scrypt mining and SHA-256 mining are very different, and require differe… See more