About the Project:
DogeCoin was founded in the year 2013 by some software engineers. Doge coin is based on the famous internet meme of Doge. The Doge meme consists of a dog which is of type Shiba Inu.
Creators of this Dogecoin digital currency are as follows
- Billy Markus from USA
- Jackson Palmer from Australia
 |
| DogeCoin Logo |
Ticker Symbol for DogeCoin in exchange platforms is "DOGE"
Some Facts of DOGE:
- It was intended to a fun act of creating a Cryptocurrency out a popular meme.
- After Doge went live online, millions of users visited and researched about it within a short period of time.
- Doge was considered to be as Internet Currency.
- In December-2013 Doge coins were stolen from a wallet provider and millions of coins were lost from numerous users. This caused a negative impact and people of internet & community of Dogecoin banded together and started donating money to make up for the stolen doge coins.
- Doge coin was forked from LITECOIN - LTC
Since it has been forked from LTC, the Proof of Work(PoW) Algorithm will be "Scrypt" (same as that of LTC). Each new block will take around 1 minute for getting validated on the network of doge transactions.
The total market supply of Dogecoins is unlimited. There exists no limit or capped amount at which new doges are not produced anymore. Doge can be used for rewarding the users who share the content you like on Reddit or Twitter Platforms.
Elon Musk Tweeted (Yes, you read it correct, its really Elon Musk) about Dogecoin which created a huge hype its market and made the price of doge to spike up to its all time high value. Users of social media platforms like, Twitter, Reddit and TikTok started trending about DogeCoin in order to make it value to raise above the 1$ (USD) mark.
Here is a Live Chart of Trading rates for Buying and Selling DOGE:
No comments:
Post a Comment