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The Difference Between Shiba Inu Token and Dogecoin

The Difference Between Shiba Inu Token and Dogecoin

What’s Dogecoin, and How does it Work?

The cryptocurrency, which originated as a joke, has surpassed all others in terms of hype over the past year. Ironically, it seems to be quite sensitive to jokes, as evidenced by Ilon Musk’s humorous comments. The Dogecoin cryptocurrency was created in December 2013 by Billy Marcus, a programmer, and former IBM engineer. At the time, Bitcoin was getting a very bad reputation for involvement in black market transactions on the darknet, and Marcus wanted to create an alternative that had nothing to do with such dubious problems. The cryptocurrency’s name came from a meme and the image of a dog is used in the images it is illustrated with.

Dogecoin is based on Litecoin, and its operation is similar to that of other cryptocurrencies. You need a program on your computer with which to solve the complex algorithms by which this cryptocurrency is mined. Like Litecoin, Dogecoin also uses a cryptographic program called Scrypt and allows it to be mined faster than others such as Bitcoin, though it cannot use the same hardware as this second one.

What’s Shiba Inu Token, and How does it Work?

SHIB is the name of a cryptocurrency token called Shiba Inu. It is a token whose logo depicts the face of the same Shiba Inu dog that uses Dogecoin and, as its developers claim, aims to “replicate Dogecoin’s success in turning a joke into a joke. machine for making money”.
Shiba Inu (SHIB), nicknamed the DOGECOIN KILLER, has been released in line with the ERC-20 standard of the Ethereum (ETH) blockchain. SHIB allows users to have billions or even trillions of tokens.

While very little is known about Shiba-Inu, its white paper (dubbed “woofpaper” by its team) explains that it consists of 3 tokens (two are already in circulation and a new one has yet to be released):

  • Shiba Inu (SHIB): this is the first and main token.
  • Leash Dogecoin Killer (LEASH): It was originally created as an elastic supply token tied to the Dogecoin price, and hence used to be called the “DogeCoin Killer”. But it is no longer linked to DOGE. Today it has a total circulation of only 100k tokens, unlike Shib, which has a much higher offer.
  • Bone (BONE): a new management token that you can earn directly on ShibaSwap using other tokens.

So, What’s the Difference?

Despite this, events show us that SHIB is trying very hard to stand out and show that it can have real use and be profitable without relying solely on memes. So, as far as advanced, the value of Dogecoin has grown incredibly in the past year, especially thanks to the support of celebrities like Ilon Musk and the acceptance of it by the community, which has made it one of the most popular tokens, which is now ranked nth.

Ranked 4th by CoinMarketCap we can say that the two projects, Dogecoin and Shiba Inu are very similar, considering the rapid growth they have registered in such a short time and the strong price fluctuations and volatility that characterize them at the moment.

Where to Buy Dogecoin?

The process of buying Dogecoin is quite simple. Especially considering that Guarda has already taken care of everything. There is no longer a need to go through a huge amount of documentation, and to work out every aspect in detail.

So, to buy Dogecoin with Guarda Wallet, all you need to do are a few simple steps:

  1. Create your Guarda Wallet. There are many options on how you can do this. You can either start with the mobile version or use the web version.
  2. Download your encrypted backup. Guarda is a non-custodial wallet, which means we do not store your keys or data on our servers, for your own safety. So, don’t forget to take this important action to always be able to recover access to your funds.
  3. Click “Buy” in the top menu and choose DOGE in the list of currencies available for purchase.
  4. Type in the desired amount. We will automatically calculate how much you need to deposit to get a certain amount of Dogecoin.
  5. Enter your billing information. Confirm the correctness of the transaction and pay the required amount.
  6. Open your wallet and voila! Enjoy a simple cryptocurrency purchase with Guarda.

Where to Buy Shiba Inu?

The process of buying Shiba is quite simple. Especially considering that Guarda has already taken care of everything. There is no longer a need to go through a huge amount of documentation, and to work out every aspect in detail.

So, to buy Shiba Inu with Guarda Wallet, all you need to do are a few simple steps:

  1. Create your Guarda Wallet. There are many options on how you can do this. You can either start with the mobile version or use the web version.
  2. Download your encrypted backup. Guarda is a non-custodial wallet, which means we do not store your keys or data on our servers, for your own safety. So, don’t forget to take this important action to always be able to recover access to your funds.
  3. Click “Buy” in the top menu and choose SHIB in the list of currencies available for purchase.
  4. Type in the desired amount. We will automatically calculate how much you need to deposit to get a certain amount of SHIB tokens.
  5. Enter your billing information. Confirm the correctness of the transaction and pay the required amount.
  6. Open your wallet and voila! Enjoy a simple cryptocurrency purchase with Guarda.

Safely Store Your DOGE and SHIB

Guarda allows you to keep your funds completely safe. Whether you choose SHIB or DOGE, Guarda will still keep your funds completely safe, and even more, allow you to buy the amount of tokens you need.

Conclusion: Dogecoin or Shiba Inu?

You can’t exactly say that any cryptocurrency is better or worse, especially considering the fact that they were created more as meme-currencies. However, the constant ups and downs in value make you wonder, is it worth the investment? To this question, everyone finds the answer for themselves, but Guarda provides the opportunity to take that action, as a buying and selling in a few moments.

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