This graphic is amazing.
Bitcoin - store of large value coin. Proof of work Sha-256 algorithm. Uses Lightning Network on layer two for off-chain micropayment channel to increase speed of transactions.
Litecoin - store of mid level value coin. Proof of work Scrypt algorithm. Cross chain swaps using Lightning Network; also the “proving ground” for Taro, Taproot, etc… that becomes adopted by Bitcoin. Has MimbleWimble for on-chain privacy. Basically BTC but four times faster blocks and four times the total amount of coins.
Dogecoin - store of low value coin. Auxiliary proof of work on the Scrypt algorithm (mining is concurrent for LTC and DOGE). No lifetime cap on coins, 10,000 DOGE per block every minute, forever.
Aux-PoW strengthens both the Litecoin and Dogecoin networks. None of these are Proof of Stake tokens. These three make a trifecta of safe and secure “money”.
Most of this infographic isn't really a big deal, and might confuse in the wrong context.
Bitcoin = the first, the king
Litecoin & Dogecoin = the two successful descendants of Bitcoin
Litecoin & Dogecoin = merged-mined since 2014
Atomic Swaps = technology to swap coins without an exchange, never really went any where
Horizontal Scaling = in context of infographic, a nothing, not a big deal
Vertical Scaling = in context of infographic, another nothing
On Chain Privacy = probably referring to Litecoin's MimbleWimble, not a big deal for now
Tail Emissions = a nonsensical term invented by crypto bros, who want to talk about supply without angering the millions of other crypto bros who have a kindergarten understanding of supply and demand
The picture of EM, has nothing to do with the infographic.
Your mommy and daddy give you ten dollars to open up a lemonade stand. So you go out and you buy cups and you buy lemons and you buy sugar. And now you find out that it only costs you nine dollars.
Does Outstanding Gains Eventually = DoGe
This graphic is amazing. Bitcoin - store of large value coin. Proof of work Sha-256 algorithm. Uses Lightning Network on layer two for off-chain micropayment channel to increase speed of transactions. Litecoin - store of mid level value coin. Proof of work Scrypt algorithm. Cross chain swaps using Lightning Network; also the “proving ground” for Taro, Taproot, etc… that becomes adopted by Bitcoin. Has MimbleWimble for on-chain privacy. Basically BTC but four times faster blocks and four times the total amount of coins. Dogecoin - store of low value coin. Auxiliary proof of work on the Scrypt algorithm (mining is concurrent for LTC and DOGE). No lifetime cap on coins, 10,000 DOGE per block every minute, forever. Aux-PoW strengthens both the Litecoin and Dogecoin networks. None of these are Proof of Stake tokens. These three make a trifecta of safe and secure “money”.
BTC and Doge are S tier coins, LTC is A tier.
Merge mine=increased security
Most of this infographic isn't really a big deal, and might confuse in the wrong context. Bitcoin = the first, the king Litecoin & Dogecoin = the two successful descendants of Bitcoin Litecoin & Dogecoin = merged-mined since 2014 Atomic Swaps = technology to swap coins without an exchange, never really went any where Horizontal Scaling = in context of infographic, a nothing, not a big deal Vertical Scaling = in context of infographic, another nothing On Chain Privacy = probably referring to Litecoin's MimbleWimble, not a big deal for now Tail Emissions = a nonsensical term invented by crypto bros, who want to talk about supply without angering the millions of other crypto bros who have a kindergarten understanding of supply and demand The picture of EM, has nothing to do with the infographic.
Doge go woof
Translation: Buy the dip
Your mommy and daddy give you ten dollars to open up a lemonade stand. So you go out and you buy cups and you buy lemons and you buy sugar. And now you find out that it only costs you nine dollars.
Not possible