WHAT IS DOGE COIN?
Dogecoin.com promotes the coin as a “fun and friendly internet currency”, referring to its origin as a “joke”. Software engineers Marcus and Palmer launched the satirical cryptocurrency as a way to poke fun at Bitcoin and the many other cryptocurrencies that boast of taking over the world. With the help of Reddit, the site became an instant hit. Within two weeks, Dogecoin established a dedicated blog and forum, and its market value reached $8 million, once becoming the seventh largest electronic currency in the world.
1. Dogecoin is an open source cryptocurrency founded in 2013 by Jackson Palmer and Billy Marcus.
2. Dogecoin has a Japanese dog breed Shiba Inu as its logo.
3. It is based on Litecoin and uses the same proof-of-work technology.
4. Dogecoin has a loyal community of supporters who trade it and use it as a tipping currency for social media content.
*What is Dogecoin used for?
You can spend your Dogecoin with any merchant who wants to accept it. Many different types of businesses accept DOGE, including Elon Musk’s SpaceX and Dallas Mavericks. Many Dogecoin holders use their DOGE to tip content creators on Reddit and other social media platforms.
Why is Dogecoin so* cheap?
Unlike Bitcoin, which was designed to be scarce, Dogecoin is intentionally abundant – mining 10,000 new coins per minute and has no maximum supply. For most of its existence, Dogecoin was generally considered a fun “memecoin” beloved by its community — but with a relatively low price.
WHAT IS THE PRICE OF DOGE COIN?
DOGE’s current market cap is $48.05B.
How to use Dogecoin?
1. Dogecoin can be bought on cryptocurrency exchanges.
2. Dogecoin can be sold.
3. Dogecoin can be stored on an exchange or in a Dogecoin wallet.
4. QR code can be scanned to send Dogecoin.
5. Alphanumeric wallet address can be input to send Dogecoin.
6. To send Dogecoin the amount of Dogecoin to be sent can be entered.
7. Click on ‘Send’ or ‘Transfer’ to send Dogecoin.