Dogecoin and Bitcoin are two of the most well-known cryptocurrencies. Bitcoin owes its popularity to being the first cryptocurrency ever created, although it should be noted that many nowadays choose to make a distinction between Bitcoin and cryptocurrencies. Dogecoin (pronounced “dohj coin”) built a strong following by being one of the first so-called meme coins, a type of cryptocurrency that uses imagery or themes from popular internet culture.As Bitcoin grew in popularity and experienced an incredible rise in value, others saw an opportunity to design similar coins, also known as altcoins, with certain changes or improvements implemented. Dogecoin was one of these, and despite having few technical innovations compared to other altcoins, it has stood the test of time, currently ranking 9th by market capitalization.Dogecoin Vs. Bitcoin: Which to choose? Both coins are very popular cryptocurrencies and technically are quite similar. Bitcoin bests Dogecoin significantly by both trade volume and price - two significant success metrics. However, Dogecoin has much lower fees, and is able to handle over four times the amount of transactions per second (TPS) than Bitcoin. There is a certain amount of levity surrounding the creation and use of Dogecoin, particularly compared to the more established Bitcoin, but DOGE has proven to be more than just a flash in the pan, so it’s hard to completely rule it out as a worthwhile investment.What Is Bitcoin?Bitcoin, also known by its three-letter name BTC, is a decentralized digital currency created in 2009 by the pseudonymous developer Satoshi Nakamoto following the release of their 2008 whitepaper, which detailed a secure digital currency and also referenced the current traditional finance system and the problems it faced. Bitcoin runs on a blockchain that is secured by cryptography and requires no third parties to maintain. Transactions on the Bitcoin blockchain are verified using a consensus mechanism known as proof-of-work. One potential flaw within BTC is the Bitcoin TPS or transactions per second. Compared to many altcoins, Bitcoin can only handle a relatively low (7) amount of transactions per second, and this often affects transaction fees.Bitcoin MarketsBitcoin is and has always been the top-ranked cryptocurrency by market capitalization. For the majority of its lifespan, it had the highest trade volume also, until it was overtaken by Tether (USDT), likely due to the latter's common use as one half of trading pair. Bitcoin had no value when it was first created but has quickly risen in both popularity and price. Bitcoin reached an all-time high of $68,789.63 in November 2021 and, at the time of writing, is valued at around.What Is Dogecoin?Dogecoin is one of the first “meme-coins,” a type of altcoin based on popular internet memes. It was created in 2013 as a fork of Litecoin (itself a Bitcoin derivative) by software engineers Billy Markus and Jackson Palmer. Originally, Dogecoin was created as somewhat of a joke project, but it has gone on to become one of the most popular cryptocurrencies. Dogecoin is commonly known by its shortened name, Doge, which is the name of the dog in the popular meme. The video below by NonStopCrypto succinctly explains what Dogecoin is.➡️What is Dogecoin? | 🐕 Dogecoin EXPLAINED! Source: NonStopCryptoDogecoin MarketsThe Dogecoin market is an extremely speculative one, with huge price swings being caused by simple word of mouth. Elon Musk, in particular, has influenced the Dogecoin market more than once, with tweets supporting the coin. It’s clear from the type of investment that people are buying into the hype rather than investing as a long-term plan backed by any technological benefits of the coin. Dogecoin has a much lower value than Bitcoin, with an all-time high of just under $0.74, which it reached in May 2021. Currently, Doge has a price of $0.082.Bitcoin Vs. Dogecoin: SimilaritiesThe jovial Dogecoin and the more serious Bitcoin don’t, on the surface, appear to have much in common, but that couldn’t be further from the truth.OriginBitcoin and Dogecoin were both created sometime before cryptocurrencies reached huge mainstream appeal, in 2009 and 2014, respectively. The direct link between Bitcoin and Dogecoin is Litecoin, as Litecoin forked Bitcoin, and then Dogecoin forked Litecoin. This means that much of the protocol code is the same between the two coins, although they are completely distinct coins.NetworkThe Bitcoin and Dogecoin networks, or blockchains, operate in a similar fashion, consisting of various types of nodes that work together to validate and reach consensus over each and every transaction. Both coins use the proof-of-work consensus mechanism, which requires miners to solve cryptographic hash puzzles using computing power in exchange for a block reward. There is talk of Dogecoin moving to a proof-of-stake system that would replace miners with stakers, but this is yet to happen. Both coins have a 1MB block size, although there are some differences regarding blocks, which we’ll come onto later.LongevityWhile many altcoins have fallen by the wayside, Dogecoin has kept up pace with some of the other top coins like Solana and Tron remarkably well. Dogecoin is the only meme coin in the coinmarketcap top ten, beating many coins that could be argued to be technologically superior. Bitcoin has always maintained a strong number-one position and is unlikely to be surpassed anytime soon.Dogecoin Vs. Bitcoin: DifferencesWhile there are various similarities between these two popular coins, due in no small part to their shared code origins, it’s perhaps easier to reel off a list of their differences.Dogecoin Vs. Bitcoin CreationDogecoin seems to have been created specifically as a joke, while Bitcoin is a serious project. One of Bitcoin’s biggest mysteries is its pseudonymous creator, Satoshi Nakamoto. As previously mentioned, Dogecoin was created by developers Billy Markus and Jackson Palmer, who are still involved in the project to different extents.Blocks and MiningWhile blocks are both capped at 1MB, Dogecoin has a block time (the time that is required to mine a new block) of 1 minute, compared to Bitcoin’s 10 minutes. The hashing (also known as proof of work) algorithm is different, with Bitcoin using SHA-256 and Dogecoin copying Litecoin’s Scrypt algorithm. This alters how each coin can be mined. Although both require the most recent ASIC miners to mine profitably these days.Supply LimitSupply limit is one of the key talking points when it comes to Dogecoin Vs. Bitcoin Dogecoin originally had a halving function built into the code, but this has since been removed, meaning DOGE coins can be minted indefinitely. The fact that a set amount of DOGE will be released each year means the rate of inflation will decrease each year. Bitcoin has a maximum supply limit of 21 million BTC. So, we can determine that the last BTC will be mined around the year 2140, as long as bloc times remain around ten minutes.Price movementBitcoin is often associated with wild price swings, and just looking at the BTC/USD price chart, you can see how much of a rollercoaster it’s been on. However, in recent years, BTC has shown some stability, with little movement since its crypto-winter recovery. The common pattern of most altcoins, outside of perhaps Ethereum, is to follow the trends of the BTC chart. Looking at the BTC Vs. DOGE chart, it’s clear that while it has found success and suffered during BTC’s highs and lows, it has also had its own unique price movements. Much of Dogecoin’s distinct market/price movements are a result of social media speculations, particularly those coming from well-known names like Elon Musk. Dogecoin prices can rise and fall rapidly at the drop of a hat or some interesting choices, such as the Twitter/X logo briefly changing to that of Doge.Dogecoin Vs. Bitcoin: FAQsLet’s take a look at some common questions surrounding DOGE vs Bitcoin.Which is better, Bitcoin or Dogecoin?Whether one cryptocurrency is better than the other depends on the user and their needs. Dogecoin has faster transactions with lower fees but a much lower value and trade volume than Bitcoin. There is no need to choose between them, with many wallets allowing you to manage multiple coins at once.Can Dogecoin grow like Bitcoin?Due to the inflationary nature of Dogecoin, it will be extremely difficult for it to rival Bitcoin by value. However, despite its relatively low value, Dogecoin has seen a huge increase in value from its humble beginnings, going from a fraction of a cent in 2020 to over $0.64 in 2021.Is Dogecoin faster than Bitcoin?Dogecoin has faster transactions than Bitcoin. Dogecoin is able to process 40 transactions per second, compared to just 7 for Bitcoin. Because of this, Dogecoin’s fees also remain lower than Bitcoins, with fewer transaction bottlenecks causing the price to increase.Does Dogecoin have a halving event?Since 2014, it was decided to remove the halving function from the Dogecoin protocol, meaning DOGE will have no more halvings. This also means Dogecoin has no max supply cap, and its block reward remains fixed. This makes Dogecoin an inflationary coin by its nature, whereas Bitcoin has a halving of roughly 4 years, which has a deflationary effect on BTC. This key difference is one of the big Dogecoin Vs. Bitcoin talking points.Buying BTC and DOGEIf you’re looking for a play to buy, sell, or swap either Bitcoin, Dogecoin, or one of many other cryptocurrencies, then you’re at the right place. ChicksX is a fully licensed crypto exchange based out of Canada. We provide crypto services worldwide, with a range of payment options. With our low fees, 24/7 customer service, and regular promotional offers, there’s no better time to sign up and enjoy ChicksX!Dogecoin Vs. Bitcoin: ConclusionDespite their various technical similarities, Dogecoin and Bitcoin exist in two distinct areas of the crypto-sphere. Bitcoin has shown itself to be the most secure cryptocurrency around, with more computing power dedicated to it than any other coin. Furthermore, it has the highest market cap and trade volume, second only to the stablecoin USDT.Dogecoin can’t compete with Bitcoin in the markets and is generally considered to be a less secure network. However, Dogecoin is strongly influenced by hype, particularly that coming from social media, so for savvy investors looking to make a quick profit, Dogecoin is a viable option. Having said this, no investments can guarantee profits, particularly in the world of crypto, so you must always take due care and diligence. If you want to keep in the loop about Bitcoin, Doge, and all things crypto, then the ChicksX blog section is the place for you.

At first glance, Bitcoin and Gold may not appear to have much in common. However, many parallels can be drawn, particularly as Bitcoin has become more of an established face in both crypto and traditional financial markets. Both of these assets boast high market caps and trade volumes. In this guide, we’ll be looking at both assets while helping you understand them a bit better and guide your investment choices.Gold is generally used as a hedge against turbulent markets, particularly during recessions. In recent years, investors have also looked towards Bitcoin and other markets. While Bitcoin's price is not as predictable as Gold, there are other aspects that make it an appealing investment.Bitcoin vs. gold: Which is a better investment? Bitcoin is a more volatile asset than Gold, so although it can be a more profitable investment, it is far riskier. Gold is known for its stability and is often a suitable hedge-type investment during turbulent markets. Therefore, which one is better depends upon your specific requirements and risk tolerance.Brief Overview of Gold Vs. BitcoinBitcoinBitcoin is a decentralized cryptocurrency founded in 2009. Created by the pseudo-anonymous Satoshi Nakamoto, Bitcoin was the first cryptocurrency and also the first proponent of blockchain technology. Despite referencing the global financial recession in the initial block of Bitcoin, it was not made as a response to it due to its inception predating that financial event.After a slow start with a small group of users mining Bitcoin, the price of BTC skyrocketed in just a few years. It eventually reached an all-time high price in 2021 of $69,044.77. Despite other similar cryptocurrencies, known as altcoins, being released, Bitcoin has maintained its number one position as the most popular cryptocurrency by market cap. Bitcoin has fewer real-world applications or utility than gold, but this hasn’t prevented it from becoming a popular currency and means of investment. Compared to other cryptocurrencies, Bitcoin is also considered one of the most secure due to the amount of miners on the network, which increases the so-called “hash-rate”.GoldGold, of course, predates all currencies, including Bitcoin, as it’s a precious metal found in the Earth's core. It’s unknown exactly when it was first used as a currency, but gold coins first appeared in what is now Turkey around 550 BC. Many countries around the world now use gold in their currencies, usually for higher-valued coins.Gold has had intrinsic value for centuries for many different reasons. Many consider it a desirable material to be used in jewelry or other fashion items. However, it is also a useful material for use in electronics and other types of engineering. These factors, alongside its relative rarity as a material, have meant gold has always had significant demand. The current price of an ounce of gold is $1,977, with an all-time high price of $2,089.20 happening in August 2020.Investing in Bitcoin vs. GoldBefore you invest in Bitcoin or gold, you should consider a few factors.Gold market cap vs. BitcoinThe market capitalization of an asset is the number of that asset (coin, metal, etc..) in circulation multiplied by the value of it. Because Bitcoin is an entirely digital currency with a publicly viewable ledger (the blockchain), finding the market cap is trivial. Currently, there are 19,520,118 BTC in circulation, and with each coin currently worth $30,213.34, this means the market cap is worth $589.77 billion. New coins are released via the mining blockchain reward function, with a maximum of 21m to be released.There is no exact measurement for the total circulating supply of gold in the world, and the estimates can vary based on the source used. The current market cap is derived from the above-ground gold reserves. The World Gold Council gives some important figures that can help to provide investors with a market cap. They estimate that around 209,000 tonnes of gold has been mined in history, which equates to a market cap of $12tn. However, the currently circulating gold financial market is around 40% of this value. These numbers mean gold has the highest market capitalization of any financial asset in the world.Trading gold vs. crypto and BitcoinThere are many ways to trade gold, with multiple financial markets and instruments available. The simplest way to trade crypto vs. gold is spot trading, where you simply buy and sell each without needing to own it or know any complex trading strategies. However, other popular methods include options, ETFs, stocks, and futures. Generally, a brokerage will own physical gold or have a contract stating some type of loan. Most methods to trade gold will require the payment of a commission, which can cut into your profits significantly. You may be curious about trading XAU vs Bitcoin, but this is not that simple due to the differing nature of both assets. However, there are gold-backed cryptocurrencies such as Tether Gold (XAUt) which can be traded alongside cryptocurrencies like Bitcoin.Trading Bitcoin is remarkably simple and has been an entry point into the financial markets for many investors. The two main ways to trade BTC are decentralized exchanges (DEXs) and centralized exchanges (CEXs); while the former is generally less risky, the latter allows you to purchase and trade crypto alongside fiat currencies like USD or EUR.➡️ Bitcoin vs. Gold: Which is Best? The Ultimate Showdown!! Source: Coin Bureau.Bitcoin vs. gold: volatilityIn its short lifespan (relative to gold), Bitcoin has been known as a highly volatile asset, with swings of several thousand dollars happening in short periods. Bitcoin and other cryptocurrencies are also strongly affected by media coverage and other forms of word-of-mouth, such as social media. Gold, on the other hand, is less affected by these due in part to its longevity and its real-world attributes and practicalities. Whether you choose to invest in Bitcoin or Gold will depend on your investment aims, risk tolerance, and financial resources.Bitcoin vs. gold: regulationsBoth gold and Bitcoin have trading regulations, although these vary considerably depending on which country you’re located in and the type of trading you wish to do. For example, exchange-traded funds (ETFs) have only recently become available for Bitcoin in the USA, and there are strict regulations surrounding how and where you can use them. The physical nature of gold presents its own problems for those importing or exporting it, with many countries regulating this.Bitcoin vs. Gold: FAQLet’s answer some commonly asked questions about gold Vs. Bitcoin.Is Bitcoin backed by gold?Bitcoin is not backed by gold or any other real-world asset. Several factors affect the supply and demand of Bitcoin, such as the computing power required to mine it.Will gold overtake Bitcoin in price?Gold is usually traded in ounces using the code XAU. One ounce is currently worth around $1,977. Therefore, comparing XAU vs. Bitcoin, we can see that XAU is worth around 1/15th of Bitcoin’s price ($29,636). Gold overtaking would have to rely more on Bitcoin depreciating in value, as gold’s price is very stable and is unlikely to ever reach the heights that Bitcoin has.Is it better to buy gold or Bitcoin?Generally, gold is better suited to investors looking for stability and as part of a hedging strategy, while Bitcoin has more potential for greater profits at the risk of a highly turbulent price.Is Bitcoin more stable than gold?Historically, Bitcoin has been a lot more volatile than gold, with huge price swings regularly occurring. However, in 2023, K33 Research found Bitcoin experienced multiple drawn-out periods of stability, showing greater stability than the gold market.Why is gold called XAU?XAU is the three-letter trading code for gold. Almost all financial assets have a three-letter code for the sake of consistency. In XAU the X refers to a metal, and the AU is derived from the Latin word for gold, aurum, which made the chemical symbol AU.Bitcoin vs. Gold: ConclusionSo, now that we’ve covered these two popular investments let’s summarise what we’ve learned. Gold (XAU) is a precious metal with many real-world uses outside of finance. However, as a financial asset, it is used as a hedge-style investment, often in times of turbulence, such as during a recession, because of its ability to maintain a steady value. Bitcoin, on the other hand, is an entirely different type of financial asset: a cryptocurrency. As a cryptocurrency, it derives and holds value in a different way, generally based on computing power and trust in the network. Bitcoin is more and more in trading, even by traditional or institutional investors. If you want to know more about Crypto and various financial investments, make sure to follow our regular ChicksX Blogs.

Bitcoin, created by the pseudonymous Satoshi Nakamoto in 2009, spawned both cryptocurrencies and blockchain technology. The global crypto market is currently worth over $1 Trillion, an impressive feat for a relatively recent technological and financial invention. Much of this success can be attributed to Bitcoin, but despite this, the original cryptocurrency is not without its faults.Shortly after Bitcoin’s release, and likely due to its open-source nature, rival cryptocurrencies were created, commonly known as “altcoins”. Some early altcoins have stuck around, such as Litecoin, although none rival Bitcoin by market capitalization or trade volume. Some altcoins are directly forked from Bitcoin, meaning they are distinct coins and networks but stem from the Bitcoin network. Currently, there are over 50 active forked Bitcoin projects, with Bitcoin Cash (BCH) being the most popular.Bitcoin vs. Bitcoin Cash: What’s the Difference? Bitcoin (BTC) is the original cryptocurrency, while Bitcoin Cash (BCH) is a fork created in 2017. Despite sharing a common name, BCH and BTC use completely separate networks with different specifications. Bitcoin Cash was created in 2017 as a response to the Bitcoin Improvement Proposal (BIP) 91, which increased block sizes, thus requiring more powerful systems to act as a node on the network.Bitcoin vs. Bitcoin Cash: What is Bitcoin?Before we tackle Bitcoin Cash vs. Bitcoin, let’s first discuss each cryptocurrency separately. Bitcoin is the first and most popular cryptocurrency, released in 2009. It is a digital currency powered by a decentralized peer-to-peer network known as the blockchain. Created by the anonymous person or group known as Satoshi Nakamoto, Bitcoin was originally founded as an alternative to the traditional banking and finance system.Bitcoin technologyAs you might imagine, with such groundbreaking technology, there is a high level of complexity involved in Bitcoin and the blockchain network it runs on. All Bitcoin operations are performed on the blockchain, including all transactions (sending and receiving), storing, and coin production. When a Bitcoin is sent, it is added to a block, which is a segment of the blockchain containing other transactions. These blocks need to be verified by the peer-to-peer network to ensure that they are correct and not fraudulent, in a process known as mining. To incentivize miners, a “block reward” containing newly produced Bitcoin and transfer fees is rewarded.Bitcoin tokenomicsThe max supply of Bitcoin is 21,000,000 BTC. This total supply isn’t directly pre-programmed but calculated by working out how many Bitcoins will be mined before the halving function prevents more coins from being created. The total circulating supply of BTC is 19,499,425 BTC at the time of writing. 1 BTC will currently cost you $26,920, which is down from its all-time high of $69,044.77, which it reached in November 2021.Bitcoin vs. Bitcoin Cash: What is Bitcoin Cash?Bitcoin Cash is an offshoot or fork of Bitcoin. It contains old Bitcoin transaction histories but has split off in its own direction, opting for smaller block sizes and other technical differences.Bitcoin Cash tokenomicsBefore we address the history of Bitcoin Cash’s creation and why it went on its own path separate from Bitcoin, let’s briefly discuss the tokenomics of BCH. The max supply limit is the same as Bitcoin, at 21,000,000 BCH, with a slightly higher total circulating supply of 19,518,169 BCH. 1 BCH currently costs $234, down considerably from its 2017 all-time high price of $4,355. Bitcoin Cash currently ranks 16th by market capitalization and 12th by trade volume, meaning that there are considerably fewer Bitcoin Cash transactions per day than Bitcoin.➡️ What is Bitcoin Cash? - A Beginner’s Guide Source: 99 BitcoinsBitcoin vs. Bitcoin Cash: Why Are They Separate?Although there had been many rival altcoins offering similar or improved technology, no coin had been forked from Bitcoin until 2017. Due to the immense rise in popularity of Bitcoin at this time, the network faced scalability issues. Originally designed as a means to transfer wealth in a decentralized manner, Bitcoin was slowly becoming more of a speculative investment asset, with fees rising. To combat these issues, the community made several proposals.SegWitShort for “Segregated Witness”, SegWit was an upgrade or “soft fork” to the Bitcoin network that aimed to improve scalability. It introduced the Lightning Network, a second layer of the Bitcoin chain that enabled faster micropayments. It also reduced transaction sizes by removing the unlocking signature.Block sizeWhen a Bitcoin transaction is sent, it enters a type of queue system, needing to pass through different nodes on the network before eventually joining a block and permanently entering the blockchain. Although the number of transactions contained in the block can vary, the size of the block remains the same (unless altered by an agreed improvement protocol). A proposal to increase the block size from 1MB to 8MB was not approved by the majority of Bitcoin users, and thus, the first Bitcoin fork was created, Bitcoin Cash. The Bitcoin Cash block size later increased to 32MB.MiningBoth BTC and BCH use the proof-of-work blockchain consensus mechanism. This means that miners are required to validate transactions and produce new coins from the block reward function. Although Bitcoin is more valuable, Bitcoin Cash has an emergency difficulty adjustment function, which lowers mining difficulty to incentivize miners to choose it over Bitcoin. Despite this, Bitcoin is still more popular and profitable to mine, although Bitcoin Cash miners generally expect a future price increase to make up for this.BCH vs BTC: Which Is a Better Investment?Almost all crypto markets are highly turbulent, so any type of investment requires a lot of diligence and risk management. While it doesn’t seem likely that Bitcoin Cash (BCH) will overtake Bitcoin (BTC) any time soon, that doesn’t necessarily mean it is a worse investment. When comparing the charts of both coins, BCH and BTC follow a similar trend, albeit with significantly different prices. Due to Bitcoin's longevity and first-mover advantage, it could be argued that it is a better investment overall, but Bitcoin Cash may yet have a positive future due to its technical advantages.How to purchase BCH or BTCIf you aren’t interested or don't have the resources to mine either Bitcoin or Bitcoin Cash, then you can still purchase either coin. Choosing a licensed crypto exchange is important, as it assures the safety of your funds and private data. ChicksX is a crypto exchange licensed in Canada but operating worldwide; you can buy Bitcoin and Bitcoin Cash on our site for low fees and with several payment methods. Contact us via our live chat support system if you have any questions, and we will be more than happy to assist you.Bitcoin vs. Bitcoin Cash: FAQsLet’s take a look at some frequently asked questions about Bitcoin and Bitcoin Cash.What is BCH crypto?Bitcoin Cash (BCH) is a cryptocurrency forked from Bitcoin in 2017 due to disagreements over how the coin and network should function. The main difference between the two networks is an increased block size in the Bitcoin Cash network, resulting in faster transactions with smaller fees.Is Bitcoin or Bitcoin Cash better?Due to the greater block size, Bitcoin Cash generally has lower transaction fees and faster speeds. However, Bitcoin is still the leading cryptocurrency by market capitalization, with many more sites and services accepting it as a payment. Bitcoin also ranks higher by trade volume, demonstrating that more people use it for a variety of transactions.Should I buy Bitcoin Cash?Bitcoin Cash is a well-regarded cryptocurrency with an active community and a history of relative stability. Compared to Bitcoin, it has lower fees and faster transaction times. Bitcoin Cash also has a much lower cost than Bitcoin, meaning you can buy at least 1 BCH for far cheaper than 1 BTC.What is the correlation between BTC and BCH?After an initial period after the fork when Bitcoin Cash maintained a price closer to Bitcoin, BCH has since fallen to below $1000. Both coins generally follow the same bull and bear market trends, but in the period since Bitcoin Cash’s creation, Bitcoin has provided a slightly higher ROI.Bitcoin vs. Bitcoin Cash: ConclusionWhile Bitcoin Cash doesn’t compare to Bitcoin in the markets, from a technical aspect, it improves upon BTC in many ways. The issue BCH faces is with mass adoption. Most casual users of crypto are less interested in the various technical aspects, particularly as many other cryptocurrencies like Litecoin offer similar benefits in fees and transaction speeds. Furthermore, there is Bitcoin SV, another fork of Bitcoin Cash, that aims to stick more to the original vision of Bitcoin. If you’re interested in more crypto articles with topics including Bitcoin, Bitcoin Cash, Ethereum, and much more, then make sure to check out the ChicksX blogs section.