What is Dogecoin ?

 

 Well widely known in the crypto community Dogecoin is considered more of a meme than a serious cryptocurrency. Dogecoin was created in 2013 and named after the popular meme of a Shiva II knew the creators of the cryptocurrency use Litecoin technology to power Dogecoin Dogecoin was created as a sarcastic joke by Jackson Palmer, a product manager at Adobe, a software engineer at IBM Bill Marcus saw the buzz Dogecoin was getting and developed software for Palmer to accompany his product. From there the cryptocurrency jumped a staggering 300% After only two weeks of being launched after becoming a viral sensation. However, Dogecoin is an inflationary coin, meaning there is no finite number of Dogecoin to be mined. Instead, the number is unlimited, which the creators believe created a more versatile, newcomer friendly community. It also means that the price can never be driven up by scarcity, since there is no supply cap. The sense of community through Dogecoin has always been palpable. At the height of their success, they donated millions of coins to relief funds and humanitarian projects worldwide. Unfortunately, the friendly community that began Dogecoin did not continue, and the coin took losses after a handful of scandals and scams, like the rest of the crypto community Dogecoin took a massive plunge in 2018. However, despite the controversy and downfall of cryptocurrency, a dedicated team to miners continues to mined for Dogecoin and believe in the mission. More recently in 2020. After a week of viral videos on Tiktok.

 The coin jumped 35% in price and 2,000% in volume, and while that was short lived Dogecoin still ranks as a top 50 cryptocurrency digital assets like this one are supported by black card and you can use them to find your black card account and make purchases at over 50 million merchants worldwide

 

Dogecoin is a type of cryptocurrency that started out as a spoof on Bitcoin — yes, a joke! Now it’s one of the most especially valued cryptocurrencies, thanks in section to a plug from Tesla CEO Elon Musk that jolted the digital foreign money into famous awareness and then the stratosphere

Dogecoin is one of hundreds of cryptocurrencies that have lately come into existence. But not like many different digital currencies that had been created to resolve a problem, Dogecoin used to be created actually to poke enjoyable at Bitcoin and the silliness of shopping for a digital asset that was once no longer backed through any asset or money flow. Now the tables have turned, and Dogecoin is really worth money.

we can use dogecoin Like different cryptocurrencies, such as Bitcoin, Dogecoin can act as a way to switch cash between people, both as a price for items or services, or actually to ship cash. Users can additionally make transactions semi-anonymously, even if a file is on hand publicly on the blockchain. And they can do it barring going thru a standard middleman such as a bank.

Dogecoin operates on a decentralized community of computer systems that makes use of a allotted ledger referred to as a blockchain. Think of a blockchain like a lengthy jogging receipt of the transactions in the currency. The pc community verifies transactions and ensures the integrity of the data, and then information that facts (nearly) indelibly on the blockchain.