When the creator of the cryptocurrency Bitcoin saw the potential for its use, he created Dogecoin, a cryptocurrency with a Shiba Inu dog as its mascot (Doge is a slang term for a dog). Dogecoin is as simple as Bitcoin. It’s a peer-to-peer currency. It’s decentralized, meaning that it is not hosted on any one server. It’s open-source, so anyone can look at the code and see how it works. The currency is set up so that the more people use it, the more valuable it becomes.
Dogecoin is an open-source peer-to-peer cryptocurrency, favored by Shiba Inus worldwide. The coin was created by programmer Billy Markus from Portland, Oregon, who hoped to create a fun cryptocurrency that could reach a broader demographic than Bitcoin. The Dogecoin Foundation, Ð¬reddit, and the Dogecoin Core development team are some of the few groups that are actively helping the coin with development.
Will Dogecoin ever explode?
Dogecoin is a cryptocurrency, that is defined as “an open source peer to peer digital currency, favored by Shiba Inus worldwide.” Dogecoin, or DOGE, was created by Australian programmer Billy Markus from Portland, Oregon, who hoped to create a fun cryptocurrency that could reach a broader demographic than bitcoin. The coin is named after the popular Doge meme. As of June 2017, the market cap of Dogecoin is $220,917,219 and is currently ranked as the 21 st most valuable cryptocurrency in the world.
Dogecoin is a cryptocurrency featuring a Shiba Inu from the “Doge” Internet meme as its logo. Introduced as a “joke currency” on December 8th 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Dogecoin is referred to as a “funny-money” or “joke currency”, though the community that supports it is quite serious about Dogecoin.
Which Cryptocurrency should I invest in 2021?
The cryptocurrency market is a young market, one that is highly volatile and unpredictable. Due to this, a lot of people are hesitant to invest in it, and even more so if they’re not sure where to start. As the name suggests, Dogecoin is the cryptocurrency that was created for the meme of “doge”. While this may seem like it’s a silly concept, Dogecoin has gained a lot of popularity. So, which cryptocurrency should I invest in 2021?
Crypto platform WazirX crashes due to Dogecoin frenzy
It looks like Indian cryptocurrency exchange WazirX had a rough day after users flooded the platform with transactions. It all started around noon when the exchange posted a tweet announcing that it could not accept deposits or withdrawals while it worked to resolve an issue. Shortly thereafter, the exchange posted an update stating that it had to temporarily halt trading due to a technical error.