The first cryptocurrency which I have involved was Dogecoin. I have joined that community on reddit and loved many shibes there. Yesterday, /u/shibedogeman had a great post about the reason he love dogecoin . It has the same opinion with me but well actually I don't know how to do a well explanation like him :D
Here is the lists made by him
- Capable of 9 times as many transactions as Bitcoin in a 10 minute period.
- Capable of 2 times more transactions as Litecoin in a 2 1/2 minute period. Frankly if payment processors had adopted Doge in the past year current Bitcoin block discussions would be irrelevant (and likely the price of all coins would be higher). Anyone who has watched these discussions understands the immediate advantage of a network with larger transaction capabilities. Doge does this best.
- Faster confirmation times. Bitcoin has a block every 10 minutes, Litecoin has a block every 2 1/2 minutes, while Doge has a block every. single. minute. We blow the other coins away when it comes to confirmation times. This way you can get on with your business in this fast paced world and not be sitting around waiting for confirmations like you would with other coins. Again, Doge does this best.
- Blocks are not full. We have plenty of room to grow. Then when needed, we can simply make blocks larger, or kick in the Segwit and Lightning system. We are in a very good position to watch Bitcoin and Litecoin work out the scaling issue, I consider Bitcoin and Litecoin our testing grounds.
- The faster block time of Doge reduces the risk of double spending attacks. > - Fast well established network. Current Hashrate is 6.68 TH/s. Since scrypt is memory intensive it is known to be approximately 1000 times slower hardware wise in comparison to SHA256. Fair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (6,680TH/s). Those comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts.
- A dev team that has focused on keeping a stable, well working coin. Not always looking for the newest bells and whistles that will pump a coin. But instead keeping the coin as stable and as fine tuned as possible. Rest assured that Doge is always going to work, and work well.
- Longevity. Doge has been around for many years and is well established. With a huge community backing it. > - Fully supported by GoCoin a growing merchant payment processor used by thousands of merchants https://www.gocoin.com/ and we are also supported by https://coinpayments.net.
- Liquidity. You can sell thousands and not crash the market. Maintains value. Dogecoins liquidity is steadily increasing.
- The speed, liquidity and value of Doge is useful to traders seeking arbitrage opportunities between exchanges. > - It's primary function is to be a digital currency. And this function it does well, arguably better then any coin out there.
- It will always maintain the integrity of the blockchain (no hard forks for special interests).
- Potential of using the Lightning Network as a method of increasing transactional capacity.
- Security.
- And have you see our dog? :P
It's easy to see, Doge does everything better then bitcoin and litecoin. We are faster, cheaper, and even more friendlier. We love our coin and we love our community. This is one of the most altruistic communities I have ever seen. > > There is no doubt that bitcoin and litecoin are great. All three coins(Dogecoin, Litecoin, Bitcoin) are built on the same exact technology. It's just that Dogecoin came a little bit later then bitcoin and litecoin, so we were able to fine tune our coin with the correct specifications to make it a more exceptional coin. I believe all three coins are great and there is a place for all of us here, I just feel that doge is greater due to our 1 minute block time and the awesome community and dev team backing it.
Make no mistake, we do digital currency right.
Any opinions about his reason? Welcome you to Doge community
