Better Buy: Dogecoin vs. Ethereum
In general, a cryptocurrency is a decentralized digital currency protected by cryptography. Most cryptocurrencies rely on blockchain technology and a community of miners to validate transactions, store data, and mint new tokens. Together, these qualities create a widely distributed and highly secure peer-to-peer financial system, eliminating the need for central oversight.
Since Bitcoin became a phenomenon in 2009, thousands of other cryptocurrencies have winked into existence, many powered by different blockchains and designed for different purposes. Several of these -- like Dogecoin (CRYPTO: DOGE) and Ethereum (CRYPTO: ETH) -- have captured the interest of investors.
Notably, both Dogecoin and Ethereum have skyrocketed in value over the last year, gaining 18,400% and 1,400%, respectively. But to decide which is the better investment, we need to consider the purpose and utility of both.
Source Fool.com
