Dogecoin
Price
DOGE
About Dogecoin
Dogecoin is a cryptocurrency that pays homage to the Doge meme, which is currently circulating the world wide web. However, unlike its namesake, Dogecoin is a contender when it comes to being an investment and a digital asset. Dogecoin was created by two people, Billy Markus and Jackson Palmer on December 6, 2013. The logo of Dogecoin is that of the Shiba Inu in the Doge meme, and with the capital letter D superimposed on the top. Its creators intended for Dogecoin to have a wider audience base compared to Bitcoin, and mainly as a fun and non-serious internet currency.Dogecoin is a memorable cryptocurrency since it managed to hold several notable records. In 72 hours after launch, the token reached an approximate 300% value appreciation. Furthermore, the website Dogecoin.com recorded more than a million visitors during the first 30 days of being introduced to the world.Then, on December 25 the cryptocurrency platform Dogewallet was hacked, and millions of coins were lost. This sparked a huge social outburst mainly on Twitter and made it the most mentioned altcoin, albeit in a negative manner.
How it works
Dogecoin is a crypto coin, similar to Ethereum, but it is a slightly different beast. Dogecoin was named after a once-popular meme and was developed in part as a pun for crypto fans.
It was created in late 2013 by software developers Jackson Palmer and Billy Marcus. Palmer developed the cryptocurrency's logo after mistyping the word "doge" when describing a Shiba Inu dog, which was popular at the time.
Other Uses of Dogecoin
Miners use computers to solve complex mathematical calculations in order to process transactions and record them on the Dogecoin blockchain, which uses a proof of work consensus mechanism. Miners receive more Dogecoin in compensation for supporting the network, which they can trade on the open market or trade.
Dogecoin can be used to make payments or purchases, but it isn't a particularly good store of value. This is mainly because there is no lifespan limit to the amount of Dogecoins that can be mined, making the digital currency highly inflationary by design.
Also, the platform rewards miners for their efforts by creating thousands of new Dogecoins nearly every day, making speculative price rises in Dogecoin extremely difficult to manage.
4 Meme Coins to Watch as PEPE Coin Mania Winds Down
Meme coins have had a long-lasting impact on the cryptocurrency market as they’ve been cemented into the crypto culture and become an inseparable part
Dogecoin Drama: Elon Musk Faces Lawsuit For Alleged Crypto Market Manipulation
Keyur Rohit, a self-denominated “crypto influencer”, has weighed in on the recent Dogecoin (DOGE) lawsuit against Elon Musk. Rohit has expressed his d
Elon Musk Sued for Insider Trading With Dogecoin Using “Publicity Stunts”
Tesla boss Elon Musk is guilty of insider trading against his followers using Dogecoin (DOGE), alleged memecoin investors in a court filing against th
Dogecoin Breaks Transaction Records In May, But Price Stability Remains Elusive
Dogecoin (DOGE) experienced a surge in daily transactions during the month of May, according to data from IntoTheBlock. Despite this notable achieveme
Elon Musk Issues Warning for Dogecoin Investors, Explains Why DOGE Is His Favorite Crypto
In a recent interview with WSJ, Tesla’s CEO said he cannot advise people to allocate money in the cryptocurrency market. He also touched upon Dogecoin
DRC-20 Hype Fest Triggers Huge Spike in Dogecoin (DOGE) Transaction Volume
After the frenzy of BRC-20 tokens in the Bitcoin network, their DRC-20 counterparties have triggered a massive spike in Dogecoin’s transaction volume.
Community Forum
DOGE
The most traded asset on BingX.com in the last 24 hours.
© 2018-2023 BingX.com. All Rights Reserved