Dogecoin For Beginners 7
Dogecoin For Advanced 7
Dogecoin Quiz 1
What Is Dogecoin?
By the end of 2013, one BTC was worth $1083 and the world started seeing this cryptocurrency as a serious asset with huge potential. Some people including Jackson Palmer and Billy Markus thought that cryptocurrency was been taken way too seriously and they saw it as a fun outlet rather than money. So they decided to create their own coin and that’s how Dogecoin was created.
Dogecoin was launched at the beginning of December 2013 and it was a mascot of the popular Shiba-In dog and the way that it is pronounced is also taken away from the internet puppet show. The internet became really excited by this new coin and many wondered, What exactly is Dogecoin? Well, the short answer is that it is a coin with a dog face on it, but that’s not the whole story of course.
What started as a joke became a huge crypto community and now the coin is known as the friendliest coin out there, with a good reason. Since its success, DOGE became popular for its charitable donations and plenty of other good causes. The fans of DOG call themselves shibes and they even created a new Shibe language. The language is created of funny broken English words and phrases like “much grateful”, “such wow”.
Dogecoin is relatively unfamiliar still in the crypto circles but it did surge to internet fame after celebrities like Elon Musk showed support on Twitter. In technical terms, DOGE is a form of cryptocurrency in an online exchange that enables peer-to-peer transactions in the decentralized network system. It started out as a joke between the founders as mentioned above but it rose to huge success. In 2015, 2 years after DOGE was created, one of the creators, Billy Markus, cashed in his chips due to him getting harassed by the community and the take on what was meant to be a harmless, fun spin on two references at that time: Bitcoin and DOGE.
Unlike Bitcoin, however, there is no limit to the amount of DOGE that can be created in the “mining” of the coin. Bitcoin is still very much of the original blockchain proof of concept and made its entire ecosystem groundbreaking and original. However, it is still believed to this day that bitcoin’s potential lies in how money can be handled in the 21st century.
DOGE on the other hand is an open-source peer-to-peer cryptocurrency that is designed for sending and receiving digital payments via the Dogecoin blockchain network. It was created as a hard fork of the Luckycoin that was a fork of Litecoin. The coin joined the market with a reputation as a joke coin but now it became mostly driven by the enthusiastic holders that prove to be faithful over the years. The user base is growing over the years and it’s propelling the market cap to higher highs. DOGE is mostly used for crowdfunding and tipping online content creators, set to become one of the top cryptos by market cap in the upcoming years.