Is Dogecoin Better Than Bitcoin?

Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) have both been hot investments over the past 12 months, surging 650% and 18,600%, respectively, at recent prices. Despite being built on similar technology, these cryptocurrencies have very different origin stories.

Bitcoin was created by the pseudonymous Satoshi Nakamoto in 2009. The mysterious Nakamoto published a white paper detailing how Bitcoin could be used to build a new financial system -- one that reduced transaction costs by eliminating the need for financial institutions.

By comparison, Dogecoin was created as a joke. In 2013, Adobe employee Jackson Palmer referenced the popular doge meme in a tweet: "Investing in Dogecoin, pretty sure it's the next big thing." At the time, Dogecoin didn't exist, and his comment simply poked fun at the growing hype surrounding Bitcoin. However, IBM software developer Billy Markus helped bring Palmer's joke to life.

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Source Fool.com