Dogecoin co-founder Billy Markus emphasized the common features of DOGE and Bitcoin (BTC) on his Twitter account.
https://twitter. com/BillyM2k/status/1487197022591410177
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Both cryptocurrencies are based on a proof-of-work consensus algorithm. Dogecoin was forked from Litecoin in 2013, inspired by an internet meme. The adventure of Dogecoin, which started as a parody crypto, has progressed beyond expectation. .
Unlike Bitcoin, which has a supply of 21 million, there is no limitation in the supply of Dogecoin. Although there was a limit of 100 billion tokens in the first place, this number was easily reached in 2015. Since then, 5 billion tokens have been added to the circulating supply each year.
There are currently 132,670,764,300 DOGEs in circulation.
Wall Street investors such as Mike Novogrtz, Anthony Scaramucci and Robert Kiyosaki, who are among the important names of traditional finance at the moment, express that Bitcoin is a digital gold, while Dogecoin is just a joke.
However, when we look at Dogecoin, we are faced with the reality of Elon Musk. The famous billionaire has caused the value of the asset to increase many times with his tweets. Despite being a meme token, Musk thinks Dogecoin is more ideal for payments than Bitcoin.
Elon Musk’s company Tesla has also started allowing Dogecoin payments on some products to see how it progresses.
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