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Dogecoin

Like Bitcoin, Dogecoin (DOGE) is a decentralized, peer-to-peer crypto currency, which intends to become the currency of the internet too. Unlike Bitcoin and its other peers though, Dogecoin was born as a sort of joke, on December 8, 2013. The light-hearted nature of the initiative quickly drew in an unexpectedly massive following, and its capitalization reached the $60 million mark in January, 2014. Since then, the market cap of the currency has reached new highs: in June, 2017, the $340 million mark was shattered as well.

dogecoin.com
dogecoin.com – The Official Dogecoin Site

Also unlike Bitcoin, the Dogecoin network churned out some 100 billion coins by 2015, and each year afterwards, some 5.25 billion more hit the markets. While initially, there was a limit set on the number of Dogecoins that would be produced over the years, that limit was tossed out the window. This makes Dogecoin an inflationary currency, rather than a deflationary one, like BTC.

Dogecoin’s “father” is programmer Billy Markus, from Portland, who built his concept on Luckycoin. Thus, in the beginning, Dogecoin handed its miners randomized rewards for each mined block. This approach was later abandoned though as it was deemed unsustainable over the long-run.

Because Luckycoin was based on Litecoin, it is safe to say that Dogecoin too is an evolution of Litecoin. As such, its proof-of-work algo uses scrypt technology, which essentially means that miners can’t really use dedicated ASICs.

Dogecoin’s valuation went through several spikes, some of which were brought about by fundraising stunts such as the 2014 Winter Olympics one, which saw the Dogecoin community sponsor the Jamaican bobsled team to the tune of some $50,000.

The Doge4Water fundraiser saw the community put together some $30,000 to build a well in the Tana river basin in Kenya and it too was a success, bringing some more welcome exposure for the Doge community.

Best Dogecoin Exchange

Changelly

Best Dogecoin Wallet

Ledger Nano S

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Dogecoin Scams

Faxtar

HashMiner.info

Oneex.cc

Ultrahash

QoinPro

Zoxtel

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4 Comments

    • Dan

      Sorry to tell you that you have lost your investment in this scam. Creator of that site are mostloikely working on their new scam.

  1. Angie

    Please hell me i buy premium pack to btcminerpro.life i dont speak very english i lost my money i think can you help me to have back a part of my money im a young girls whit a kids i need help my new wallets is 1KmFVmZ35uav1TcNrKZ8pUpcLXP7MENWN2 thanks you very much😓

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