Dogecoin uses 99,98% less energy than Bitcoin for an average transaction according to TRG DC
Dogecoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. It has increased substantially in value the last 12 months. The rise of Dogecoin is an example of how important diversification is.
Due to Dogecoin’s use of the Scrypt algorithm, ASIC devices made for mining Dogecoin are more complicated to create and more expensive to produce than they are for Bitcoin. The Market Capitalization of Dogecoin is quoted daily, but even more importantly for miners, the daily traded volume is often a high percentage of Market Capitalization.
The number of Dogecoins put into circulation will only double in 26 years. Dogecoin’s block time is 1 minute in comparison to Litecoin’s 2.5 minutes and Bitcoin’s 10 minutes.
Ethereum mastermind Vitalik Buterin loves Dogecoin and concludes in June 2021 at 6:55 “Bitcoin: number 1. Dogecoin: It deserves to be number 3. Or 2 !”