Can you explain the difference between Litecoin and Dogecoin? Also, what is the current circulating supply of Litecoin?
The main difference between Litecoin and Dogecoin is their origin and purpose. Litecoin was created as a fork of Bitcoin with the aim of fixing some of the issues that Bitcoin faced, such as high fees and slow transaction times. Dogecoin, on the other hand, was created as a joke and more as a way to poke fun at the hype surrounding cryptocurrencies.
As for the maximum supply of Litecoin, it is set at 84 million, which is four times the amount of Bitcoin's maximum supply. This means that there will be a greater availability of Litecoin in the market compared to Bitcoin, which could potentially lead to lower prices or higher adoption rates. In contrast, Dogecoin has no set maximum supply and is designed to have a continuous production of new coins, making it an inflationary cryptocurrency.
Release time 2023 06 02