![]() ![]() ![]() Of course, with the launch of the Binance Smart Chain, then BNB exists within an infinitely more sophisticated architecture than Dogecoin and should in theory be much more scalable in the long term.īNB also offers low transaction fees, which helps it stay relevant as a peer-to-peer payments system and effectively allows it to compete on Dogecoin’s turf.Īny investor knows that an asset’s value is ultimately dictated by supply and demand. With a block creation time of just 3 seconds, Binance is also substantially faster than Dogecoin, which has an estimated BCT of around 1 minute. For reference, Ethereum is capable of around 30. Since the launch of the Binance Smart Chain, an advanced dual-chain network, Binance is said to be able to process an estimated 55 - 56 transactions per second. When it comes to transaction speeds, then Binance throws out some fairly respectable numbers. It also has a use case as a viable means of peer-to-peer payment for retail transactions and developers behind the Binance Exchange have launched their own payments platform to rival the likes of PayPal - BinancePay. ![]() The platform processes over 1.4 million transactions per second and discounted rates are available for those paying in BNB, so naturally, it is often in high demand.īNB is also an integral part of the exchange system, which means it experiences a consistently high trading volume. Interestingly, Binance Coin started life as an ECR-20 token on the Ethereum network but moved to its own proprietary network in 2017.Īs the native token of the Binance Exchange, BNB has a certain degree of stability. Binance Coinīinance Coin (BNB) is currently a top-five cryptocurrency behind the likes of Bitcoin and Ethereum and is the native currency of the world’s biggest cryptocurrency exchange - Binance. However, anyone considering investing in either coin should be aware that they are very different beasts and understanding how they differ is essential in putting together a strategy. Dogecoin vs Binance Coinīoth Binance Coin and Dogecoin are top ten cryptocurrencies that have the potential to offer serious returns. If you want to weigh up Binance Coin vs Dogecoin, then the following review should help you to identify the key differences between the tokens and decide which one best fits your investment strategy. Whereas BNB is the native token of the largest digital exchange in the world, Dogecoin has become arguably the world’s most fashionable token on the market. When it comes to investing, Binance Coin and Dogecoin present differing opportunities. However, whereas Dogecoin took several years to build notoriety, BNB quickly became a stalwart of the top five cryptocurrencies by market cap. So which one is the better buy in 2022?Īs DeFi continues to be more prominent in the blockchain world and a host of exciting new projects continue to appear, many casual observers might be surprised to find that the list of top cryptocurrencies is still dominated by established big-names, such as Bitcoin, Binance Coin, Ripple and Dogecoin.īinance Coin and Dogecoin were launched in 20 respectively, making Binance the newer of the two. Binance Coin and Dogecoin are both huge names in the cryptocurrency space - but for very different reasons.
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