Dogecoin is a digital currency that has been around since December 2013. It’s based on the popular Doge meme and was originally intended to be used for tipping online content creators in lieu of actual money because it was easier for people to mine their own coins. You might have seen this digital currency appear more often in the news lately due to its meteoric rise in value!
Dogecoin is a peer-to-peer currency, much like Bitcoin. The coin was created by programmer Billy Markus from Portland, Oregon, as an alternative to rapidly inflating and, soon after that, crashing Zimbabwean dollar.
After making it easier for people to buy Dogecoins {comprar dogecoin} to get around “the rich getting richer” aspect of traditional currencies and mining operations (and because he wanted to learn Python), Markus released the dogecoin client on GitHub in December 2013 under the MIT license.
All you need to know
Dogecoin is a digital currency that allows you to make instant, secure payments online. It’s based on the Bitcoin protocol but with modifications, including a different hashing algorithm and a higher block generation rate.
Billy Markus created Dogecoin from Portland, Oregon, and Jackson Palmer from Sydney, Australia. They wanted to create a fun cryptocurrency that could reach a broader demographic than Bitcoin.
Dogecoin quickly gained traction on Reddit and Twitter, reaching a market cap of $60 million in January 2014. As of July 2017, it has a market cap of over $283 million. While other cryptocurrencies have come and gone, Dogecoin remains popular due to its low transaction fees and fast confirmation times.
How can I buy Dogecoin?
You can buy it online in a safe and secure way from a trusted source. So whether you want to use your DOGE to buy goods and services or just give some away to a fellow shibe, we’re here for you!
How can I get started with Dogecoin?
To start using this cryptocurrency right now, all you have to do is sign up for a free online wallet on Coinbase.
What are the benefits of DogeCoin over Bitcoin?
There are quite a few reasons why people love our coin: – transactions happen much faster than BTC – it’s way easier to buy things with Dogecoin than Bitcoin, and – the community is amazing!
Where can I find out more?
If you want to learn more about Dogecoin, check online to start buying. How to buy Dogecoin? swyftx provided some helpful resources that will show you how this digital currency works.
Cryptocurrency Dogecoin
Dogecoin is a cryptocurrency that was created in late 2013. It’s based on the Bitcoin protocol but with a few changes, including a much higher coin limit. Due to its fun and lighthearted nature, Dogecoin quickly built up a large following and community.
One of the main reasons for Dogecoin’s popularity is its use as ” tipping currency” on various websites and services. For example, if you enjoy someone’s content or think they’ve done a good job, you can tip them in Dogecoin. This helps support great content creators while also introducing people to cryptocurrencies.
As of January 2018, there were over 100 billion Dogecoins in circulation. While this may seem like a lot, it’s important to remember that Bitcoin also has a maximum coin supply of 21 million. So Dogecoin’s 100 billion coins are nothing compared to the 21 million bitcoins available.
Dogecoins can be mined just like Bitcoins, but you should know that it requires more time and money than mining BTC due to its Scrypt algorithm.
As with most altcoins, Dogecoin eventually increased in price so much that by January 2018, it was worth more than $0.01 per coin. This is a far cry from its initial price of just $0.00026 per coin.
While the value could go up or down at any time, this shows that Dogecoin still has potential and maybe a good investment for those looking to get into cryptocurrencies.
The Final Word
Dogecoin has a very high coin supply and low value compared to the other cryptocurrencies. This means it could be suitable for those looking to start out with cryptocurrency, as you can get more coins without spending too much money (or not having to spend any at all).
