What is Dogecoin?
Dogecoin was introduced in December 2013 and actually began as a joke currency, however it has become more and more serious over time and now has one of the largest market capitalisations of all altcoins. The dogecoin name derives from the popular Doge meme which is also featured in the Dogecoin logo.
Dogecoin is similar in many ways to Litecoin, it processes transactions much quicker than Bitcoin and there are far more Dogecoins the will be produced in comparison to Bitcoin so far there are 110 billion, this is largely what makes up the huge market capitalisation Dogecoin has.
The main use of Dogecoin however seems to be for tipping people online, e.g. if you like something someone does it is common now to tip them and because it is quite expensive to tip in Bitcoin the popular choice has become Dogecoin.
While Dogecoin may have began as a funny meme, it has become very popular in the crypto world and given the huge market capitalization it is now taken far more seriously.
Recent cryptocurrency news
ABBC Foundation witnessed huge improvements and continuous development within Q1 2019. Since the official settlement with Alibaba Group, ABBC Foundation established its new R&D facility in the United States to facilitate the soon-to-be-launched Coin Shopping [...]
The vast power and potential of the Internet as a medium for trade and business has been utilized through the years. Multiple e-commerce platforms have been developed and is taking advantage of the digital world’s [...]
Cryptocurrencies are quickly becoming one of the most sought-after trading and investment instruments. While the concept of Bitcoin was foreign to the average trader only a handful of years ago, recent statistics have shown that [...]