Comparing Dogecoin (DOGE) and Shiba Inu (SHIB) reveals fundamental differences even though they belong to the "meme coin" category:
1. Origin and History
Dogecoin: Launched in 2013 as a joke inspired by the "Shiba Inu" image, it quickly gained popularity thanks to its active community and support from figures like Elon Musk.
Shiba Inu: Emerged in 2020 as a competitor to Dogecoin, describing itself as the "Dogecoin killer," and focused on building an integrated ecosystem.
2. Technology and Structure
DOGE: Operates on its own blockchain using a Proof of Work (PoW) mechanism, characterized by fast transactions and low fees.
SHIB: Functions as an ERC-20 token on the Ethereum network, using a Proof of Stake (PoS) mechanism within the ShibaSwap system, and includes other tokens like LEASH and BONE⁽¹⁾.
3. Tokenomics
DOGE: Has an unlimited supply, making it inflationary by nature.
SHIB: Started with a massive supply (1 quadrillion), but a large portion has been burned, making it relatively scarcer⁽²⁾.
4. Use Cases
DOGE: Often used for tips and donations, with growing acceptance in some online stores.
SHIB: Focuses on building a DeFi system, offering services such as decentralized exchange (DEX), NFTs, and the Shiba Metaverse store⁽³⁾.
5. Community and Influence
Both have active communities, but:
DOGE is known for its charitable initiatives and sense of humor.
SHIB stands out with strong marketing campaigns and an enthusiastic "Shiba Army" on social media⁽¹⁾.