What is about Dogecoin?


 Dogecoin is a digital currency that is based on Luckycoin, that, in turn, is based on Litecoin. It was more like an entertaining project at first sight. However, since the day of its genesis, DOGE has found wide support among crypto enthusiasts, thus gaining the trust of thousands of hodlers and miners. Today, DOGE is one of the top 7 cryptocurrencies by the number of active addresses. For a brief period in February 2019, the coin entered the top 4, overtaking ETH and XRP.


The idea of creating Dogecoin first found support in November 2013, when Jackson Palmer, the Dogecoin creator, made a joke on social media and tweeted: “Investing in Dogecoin, pretty sure it’s the next big thing.


Dogecoin  is a joking  cryptocurrency created on Dogecoin blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized. Dogecoin was mainly created to tip other internet users who create best content online.

December 2013 by Billy Markus and Jackson Palmer. The token was at first meant for as a joke. It was also to be used as an online tipping system, for places like Reddit or YouTube.

Arguably, the primary use of Dogecoin was to act as a satirical commentary on the explosion and absurd valuations of the brand-new cryptocurrencies coming out at that time. Back in 2013, all sorts of meaningless and random cryptocurrencies were created and had million-dollar market caps after merely a few days online.

The developers of Dogecoin utilized the popular Doge meme as the name and sign for the new cryptocurrency. Word of the currency spread rapidly through the Internet thanks to an innovative guerrilla marketing campaign using the attributes of the Doge meme. This generally included an image

Date Launched 

Dogecoin  was first released to the public in 2013 . Since then, it has always being considered as a joking coin.

  Founder Of Dogecoin 

Dogecoin  was created by Billy Marcus a Portland Programmer and Jackson Palmer who is an Australian Entrepreneur as well as technologist.

Process of creating Dogecoin

  Dogecoin  is created through the mining process by aid of GPU, CPU and ASICS hardware in the presence of internet and electricity using the Scrypt  algorithm.To mine using CPU and GPU, you have to download the software while to mine using ASICS hardware, you have to purchase the hardware . You can do it on contract basis by purchasing these contract online.
  Maximum circulation of Dogecoin

  Unlike cryptocurrencies like bitcoin and ethereum where they have maximum supply to the economy, for dogecoin, there is no maximum supply. Instead, 1 block is being added to the dogechain blockchain after every minute.For every block added to the dogechain, 0 to 1000,000  doges are being rewarded to miners. Therefore, since 100 billion doges are supposed to be discovered , 100,000 blocks should be added to the dogechain.

Dogecoin Price 

Currently, 1 Dogecoin  is worth more than $0.003 and its price is expected to increase over the next period of time. 

Converting my Dogecoin to other cryptocurrencies

  To convert your Dogecoin to other cryptocurrencies such as bitcoin , you need to have a cryptocurrency exchange account. If you don't own one then you can follow the link to open a cryptocurrency exchange account for easy conversion of your Dogecoin to bitcoin.


How to get free Dogecoin

There are ways to get Dogecoin free of charge, so you do not even need to go through a process of exchanging other tokens for it. One method is to ask around the Reddit groups. Tipping is standard for Dogecoin users, and users could send out tokens to evaluate your wallet. Another method to get Dogecoin is through faucets. The Moon Faucets provide a reasonable, and you can keep your DOGE in a micro wallet such as CoinPot.

What are the benefits of Dogecoin?

The thing is that Dogecoin works. Despite rumors of it being dated and abandoned by miners, the hash rate has gone up. That keeps the cryptocurrency popular. Dogecoin is a satirical token. However, it does have some uses, unlike other jokes like the Useless Ethereum Token.



What can Dogecoin be used for?

Dogecoin has managed to retain its position in the cryptocurrency market since it was developed in 2013. It was first released without a lot of business applications. However, it got a lot of interest from the community as a tipping currency. It eventually ended up being an accepted payment approach by various services. It was for example used to buy apparel, books, and electronic products, as well as for paid meals.

Will Dogecoin continue to be relevant?

Dogecoin has fallen on hard times more than any other cryptocurrency. There was a highly divisive event involving a cryptocurrency exchange, followed by hacking which led to many Dogecoin fans ending up being disappointed and leaving the currency. Dogecoin was gotten rid of from the Exodus wallet since Exodus claimed Dogecoin is not being developed and lacks some essential updates.

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