DogeCoin and Litecoin are both cryptocurrencies based on the same codebase as Bitcoin, but they differ in several ways like
1. DogeCoin has a significantly higher market capitalization and price compared to Litecoin. As of October 2021, DogeCoin's market cap was around $27 billion with a price of around $0.21, while Litecoin's market cap was around $7 billion with a price of around $107.
2. DogeCoin was created as a meme cryptocurrency in 2013 to poke fun at the hype surrounding Bitcoin at the time. It was intended to be a lighthearted and fun cryptocurrency with no serious use case. Litecoin, on the other hand, was created to address some of the limitations of Bitcoin, such as slow transaction times and high fees. It was designed to be a faster and more efficient alternative to Bitcoin.
3. DogeCoin uses a mining algorithm called Scrypt, which is also used by Litecoin. This algorithm is designed to be resistant to ASIC mining, which makes it more accessible to individual miners using consumer-grade hardware.
As for real-world use cases, both DogeCoin and Litecoin are primarily used as investment opportunities and vehicles for speculation on cryptocurrency exchanges. However, some merchants have started accepting cryptocurrencies like Bitcoin, Litecoin, and DogeCoin as a form of payment, although this adoption rate is still relatively low. Am quite optimistic about the both, was opportuned to increase my hodlings on dogecoin through one of the regular airdrop events on mexcglobal
