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$2.6313
4.12%
is dogecoin based on ethereum
Despite sharing some similarities with Ethereum, Dogecoin operates independently on its own blockchain and serves as a unique digital currency.
Oct 23, 2024 at 04:36 am
Is Dogecoin Based on Ethereum?
Dogecoin is a decentralized, peer-to-peer digital currency that was created in 2013. It is not based on Ethereum.
Dogecoin's Blockchain
Dogecoin has its blockchain, which is a public ledger of all Dogecoin transactions. The Dogecoin blockchain is based on the Litecoin blockchain, which is itself based on the Bitcoin blockchain.
Ethereum's Blockchain
Ethereum is a decentralized, open-source blockchain with smart contract functionality. Smart contracts are programs that run on the Ethereum blockchain and can be used to create decentralized applications.
Key Differences between Dogecoin and Ethereum
- Blockchain: Dogecoin has its blockchain, while Ethereum has its blockchain.
- Currency: Dogecoin is a currency, while Ethereum is a platform for building decentralized applications.
- Smart contracts: Dogecoin does not support smart contracts, while Ethereum does.
Conclusion
Dogecoin is not based on Ethereum. It has its blockchain and is used as a currency. Ethereum is a platform for building decentralized applications and supports smart contracts.
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