Introduction
With a strong community backing them, memecoins have always remained popular among traders and crypto communities, especially dog-themed coins like Dogecoin and Baby Dogecoin.
Born as a lighthearted joke crypto, Dogecoin has defied expectations to become a major player in the crypto realm. Following a similar name and paw steps, Baby Dogecoin has embarked on its own journey and is making headlines. But the question remains: how is Dogecoin different from Baby Doge, and which is better?
In this article, we will compare Dogecoin and its offspring Baby Dogecoin, check their distinct features, and more, so you can research and make an informed decision when investing.
What is Dogecoin?
Dogecoin first came into existence in 2013 by two software engineers, Billy Markus, and Jackson Palmer, as a crypto meant to satirize the crypto industry. It has got its sticker and name inspired by the famous ‘doge’ internet meme that was intentionally misspelled to describe the Shiba Inu dog.
Interestingly, unlike most memecoins, Dogecoin runs on its own native blockchain and has inherited some of its properties from Luckycoin- a bygone crypto, Litecoin, as well as OG Bitcoin (since Litecoin is a Bitcoin fork). It is a decentralized crypto running on a Proof of Work based blockchain with the goal of overtaking Bitcoin, offering people an instant and cheap payment method for its worldwide adoption. It’s quite amusing how a lighthearted jest has now exploded to be one of the top 10 cryptos by market cap.
Key features of Dogecoin
- Dogecoin has a loyal and active community backing it, known as the ‘Doge Army’.
- It’s a Proof of Work based blockchain with a Scrypt hashing algorithm, which is less power and energy-intensive than Bitcoin’s.
- Dogecoin has a never-ending supply to maintain its price stability, with a fixed number of tokens added regularly.
- Several companies, like Tesla, Microsoft, Newegg, ExpressVPN, and many others, have been accepting Dogecoin as payment.
Also Read: Dogecoin Price Prediction
What is a Baby Doge Coin?
Baby Doge- curated by Doge-themed crypto fans, is a crypto asset based on the BEP-20 token standard and has a mission to help animals and spread awareness among people. Its developer team refers to the token as “Baby Doge has learned a few tricks and lessons from his meme father, Doge, and wants to impress his father by showing his new, improved transaction speeds & adorableness”.
Being built on the BSC chain, Baby Doge has advantages from low cost and high throughput with a confirmation time of approx. 5 seconds. It has a staking system designed to incentivize token holders with more Baby Doge tokens for holding in their wallets and an auto reflection mechanism that charges a 10% fee (check updated stats) for each transaction of Baby Doge and redistributes a 5% share to token holders.
Key features of Baby Dogecoin
- Baby Dogecoin has a capped supply of 420 quadrillions, with a burning mechanism to control its inflation and maintain token scarcity.
- It has a crypto exchange- Baby Doge Swap, built on the BSC chain- that offers swapping crypto assets at near-zero fees for specific trading pairs.
- Users can also earn yield and Baby Doge rewards by depositing their cryptos in Baby Doge pools and other farms.
- Baby Doge Army NFT grants users voting rights to participate in the mission of Baby Doge and other community privileges like giveaways, rewards, etc.
Also Read: Cardano vs Dogecoin
Comparing Baby Doge Coin vs Dogecoin
Let’s see brief comparison of the memecoins: Dogecoin and Baby Doge
| Dogecoin | Baby Doge Coin | |
| Launch Date | 2013 | 2021 |
| Founder | Billy Markus and Jackson Palmer | Anonymous dev team |
| Blockchain Protocol | Dogecoin | Binance Smart Chain |
| Native Token | DOGE | BABYDOGE |
| Market Cap | $9 billion | $203.68 million |
| Token Type | Native | Native |
| Circulating Supply | 140.12 billion | 151,825.73 trillion |
| Max Supply | – | 420,000 trillion |
| Consensus Method | Proof of Work | Proof of Staked Authority |
Key Differences between Dogecoin vs Baby Doge Coin
- Dogecoin is a crypto built on its own blockchain like Ethereum, Bitcoin, etc, whereas Baby Doge Coin is a BEP-20-based token running on Binance Smart Chain.
- Dogecoin has a block creation time of around 1 minute which is slower as compared to Baby Doge’s transaction throughput of 55 transactions per second.
- In comparison of transaction fees, Baby Doge offers low-cost thanks to the BSC chain, whereas the Dogecoin platform fee is relatively higher.
- Dogecoin is hyperinflationary crypto without a defined supply limit, while Baby Doge has a 420,000 trillion maximum token supply, and its dev team is continuously burning tokens (~ $115,934 worth of Baby Doge burned till now) to maintain its value.
- Dogecoin Foundation (a non-profit organization) has outlined a trail map for further developments and applications of the Dogecoin ecosystem. On the other hand, Baby Doge is expanding its real-world utility with the launch of BabyDogeSwap, yield farms, NFTs, and more.
Should you buy DOGE or BABYDOGE?
DOGE and its son BABYDOGE have garnered wide popularity and adoption in the race of hundreds of dog-themed coins. Especially Dogefather Elon Musk support and tweets like “BabyDoge doo doo..” have been major drivers for the price of both cryptos.
If we look at their differences, Dogecoin holds more prominence, being one of the oldest cryptos ranking 8th in the crypto market with a market cap of over $9 billion. It has an unlimited token supply and is hyperinflationary, whereas Baby Doge coin is a relatively new player in the crypto space but has a limited supply. The dev team of Baby Doge is continuously working to expand tokens use cases to real-world applications and more.
It depends on the investor’s personal preference and risk tolerance level, which one to invest in, so individuals are advised to do their own research, diversify their portfolio, and apply risk management strategies while investing in cryptos.
How to invest in Dogecoin and Baby Doge?
You can invest in crypto easily and securely with CoinDCX App. To invest in Dogecoin DOGE or Baby Doge BABYDOGE, all you need to do is register yourself and verify. Follow the below-mentioned steps to register:
