What is Dogecoin (DOGE) - Basic knowledge of Dogecoin
Let’s check What is Dogecoin with Market247. Dogecoin (DOGE) is cryptocurrencies that have recently come into existence in 2013. DOGE was created by Software engineers Billy Marcus and Jackson Palmer based on Litecoin. The difference of DOGE is that DOGE was created not to solve problems like many other cryptocurrencies, it was created to poke fun at Bitcoin.
Billy Marcus and Jackson Palmer combined two of Bitcoin and the “doge” meme picturing a Shiba Inu dog to come up with a new cryptocurrency. The coin gradually developed into one of the most well-known cryptocurrencies. Early in 2021 Elon Musk caused its price to soar. The coin, from being a "joke" to a significant player in the cryptocurrency market.
Like other coins, Dogecoin operates on a separate blockchain. All transactions are constantly added to Dogecoin's digital ledger. Though Dogecoin can be used for transactions and purchases, it is not a good way to hold value. This is primarily because there is no limit on the total number of Dogecoins that can be created by mining. It makes the cryptocurrency extremely inflationary.
After knowing what is Dogecoin clearly, let's check Dogecoin's application. Like other cryptocurrencies, such as Bitcoin, Dogecoin functions as a way to transfer money between people, as a payment or services for good, or simply to send cash. Users may also make transactions semi-anonymously, even if a record is publicly available on the blockchain. Dogecoin runs on a decentralized network of computers using blockchain technology.
#Market247
#What_is_Dogecoin
#DOGE
#Dogecoin
Cre: https://market247.io/
See detail: https://market247.io/how-to-buy-bnb-on-metamask
Let’s check What is Dogecoin with Market247. Dogecoin (DOGE) is cryptocurrencies that have recently come into existence in 2013. DOGE was created by Software engineers Billy Marcus and Jackson Palmer based on Litecoin. The difference of DOGE is that DOGE was created not to solve problems like many other cryptocurrencies, it was created to poke fun at Bitcoin.
Billy Marcus and Jackson Palmer combined two of Bitcoin and the “doge” meme picturing a Shiba Inu dog to come up with a new cryptocurrency. The coin gradually developed into one of the most well-known cryptocurrencies. Early in 2021 Elon Musk caused its price to soar. The coin, from being a "joke" to a significant player in the cryptocurrency market.
Like other coins, Dogecoin operates on a separate blockchain. All transactions are constantly added to Dogecoin's digital ledger. Though Dogecoin can be used for transactions and purchases, it is not a good way to hold value. This is primarily because there is no limit on the total number of Dogecoins that can be created by mining. It makes the cryptocurrency extremely inflationary.
After knowing what is Dogecoin clearly, let's check Dogecoin's application. Like other cryptocurrencies, such as Bitcoin, Dogecoin functions as a way to transfer money between people, as a payment or services for good, or simply to send cash. Users may also make transactions semi-anonymously, even if a record is publicly available on the blockchain. Dogecoin runs on a decentralized network of computers using blockchain technology.
#Market247
#What_is_Dogecoin
#DOGE
#Dogecoin
Cre: https://market247.io/
See detail: https://market247.io/how-to-buy-bnb-on-metamask
What is Dogecoin (DOGE) - Basic knowledge of Dogecoin
Let’s check What is Dogecoin with Market247. Dogecoin (DOGE) is cryptocurrencies that have recently come into existence in 2013. DOGE was created by Software engineers Billy Marcus and Jackson Palmer based on Litecoin. The difference of DOGE is that DOGE was created not to solve problems like many other cryptocurrencies, it was created to poke fun at Bitcoin.
Billy Marcus and Jackson Palmer combined two of Bitcoin and the “doge” meme picturing a Shiba Inu dog to come up with a new cryptocurrency. The coin gradually developed into one of the most well-known cryptocurrencies. Early in 2021 Elon Musk caused its price to soar. The coin, from being a "joke" to a significant player in the cryptocurrency market.
Like other coins, Dogecoin operates on a separate blockchain. All transactions are constantly added to Dogecoin's digital ledger. Though Dogecoin can be used for transactions and purchases, it is not a good way to hold value. This is primarily because there is no limit on the total number of Dogecoins that can be created by mining. It makes the cryptocurrency extremely inflationary.
After knowing what is Dogecoin clearly, let's check Dogecoin's application. Like other cryptocurrencies, such as Bitcoin, Dogecoin functions as a way to transfer money between people, as a payment or services for good, or simply to send cash. Users may also make transactions semi-anonymously, even if a record is publicly available on the blockchain. Dogecoin runs on a decentralized network of computers using blockchain technology.
#Market247
#What_is_Dogecoin
#DOGE
#Dogecoin
Cre: https://market247.io/
See detail: https://market247.io/how-to-buy-bnb-on-metamask
0 Comments
0 Shares