. I was mining dogecoin back in 2013 and 2014 when the whole Dogecoin craze was happening.
a feature of comment on Reddit that you liked, you might send me some dogecoin. This use
the case allowed people to share the idea of Dogecoin virally and Dogecoin became valuable, even
though the currency did not have any technical properties that made it significantly better than
Dogecoin is a cryptocurrency created on December 6, 2013, originally a joke. The name is a reference to the famous meme “doge.”
Dogecoin’s technology is based on the same technology as the cryptocurrency Litecoin has.
As it grows in popularity among investors and traders, this article will explore what you need to know about Dogecoin before investing money in it. Read on for our complete guide!
The cryptocurrency Dogecoin has become so popular because of its image “doge,” which has become known in internet circles as a meme.
A big reason for Dogecoin’s price increases last year is partly because Elon Musk has mentioned Dogecoin on his Twitter, which has boosted demand for Doge.
Read more about how to buy cryptocurrencies here
How does Dogecoin work?
Dogecoin is designed the same way as Bitcoin by using blockchains and cryptography to verify transactions.
What is unique about Dogecoin compared to Bitcoin?
Dogecoin has much faster transaction speeds and fees than Bitcoin. While it can take up to an hour for a block of transactions to be verified for Bitcoin, this process only takes about a minute when using Dogecoin.
Why was Dogecoin created?
To begin with, Dogecoin was not created to replace the more traditional cryptocurrency, Bitcoin.
Instead, it was intended as a joke currency, but a currency that could be used seriously daily for trading and buying goods online.
The creators of Dogecoin wanted its users to be more widespread than just another crypto investment or speculative asset.
Worth adding is not to mistake Dogecoin for SHIBA INU, two different cryptocurrencies.