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One introduced smart contracts which is the foundation of decentralised banking, whereas the other is… a meme.
In just over five years after its inception, Ethereum has opened the world to smart contracts, decentralised banking, yield farming, and non-fungible tokens, and has long become the second-largest blockchain project by market capitalisation, behind only Bitcoin.
Dogecoin (DOGE) is a meme cryptocurrency that has created little creativity, has no particular raison d’être, and is only successful because it has become the plaything of a celebrity multi-billionaire over the last year.
As a result, as one would imagine, the average person is now more familiar with Dogecoin than Ethereum. This is according to the findings of a study conducted by Harris Poll in collaboration with CouponCabin, which polled over 2,000 adults in the United States about their views on cryptocurrencies.
According to the survey results, 29 percent of respondents were familiar with Dogecoin, compared to just 21 percent who were familiar with Ethereum.
89 percent of the estimated 2,063 respondents said they had at least learned of cryptocurrencies. A plurality (71 percent) of respondents were already familiar with Bitcoin, with Dogecoin coming in second.
Other digital assets that Americans claimed familiarity with included USD Coin (USDC), a stablecoin released by Coinbase and Circle, of which 21% of respondents said they were aware. Litecoin (LTC) was mentioned by 18% of those polled, and Stellar (XLM) was mentioned by 10%.
When questioned whether they thought cryptocurrency will be the future of finance, 31% said yes, and 30% thought crypto was “innovative.” Around the same time, 23% of respondents defined cryptocurrencies as a get-rich-quick system, while 19% described the technology as shady or nefarious. Almost half (44%) of respondents said they’d be open to receiving cryptocurrency as part of an online cashback rewards program.