Dogecoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Think of it as "the internet currency." Dogecoin is a fun, new and rapidly growing form of digital currency. This form of digital currency is called "cryptocurrency"; a type of digital currency. Cryptocurrency is completely anonymous, decentralized, and extremely secure.
You can use it to buy goods and
services, or trade it for other currencies (both other cryptocurrencies or
traditional currency like US dollars or Euros). Dogecoin reached a
capitalization of US$60 million in January 2014; as of June 2017, it has a
capitalization of US$340 million.
History
· Dogecoin was
created by programmer Billy Markus from Portland, Oregon.
· Uses scrypt technology
in its proof-of-work algorithm. The use of scrypt means that
miners cannot use SHA-256 bitcoin
mining equipment, and that dedicated FPGA and ASIC devices
used for mining are complicated to create.
· Dogecoin was
officially launched on December 8, 2013. The Dogecoin network was originally
intended to produce 100 billion Dogecoins, but later, it was announced that the
Dogecoin network would produce infinite Dogecoins.
· 25 January
2015, Dogecoin has a market capitalization of USD 13.5 million. April
2015 Jackson Palmer announced he is taking an "extended leave of
absence" from the cryptocurrency community.
Wallet
A
“wallet” is basically the Dogecoin equivalent of a bank account. It allows you
to receive Dogecoin, store them, and then send them to others. There are
two main types of wallets. A software wallet is one that you install on your
own computer or mobile device. You are in complete control over the security of
your coins, but they can sometimes be tricky to install and maintain. A web
wallet or hosted wallet is one that is hosted by a third party. They are often
much easier to use, but you have to trust the provider to maintain high levels
of security to protect your coins. There are four main wallets that we recommend
for beginners.
Popular Dogecoin Wallet
Dogechain : Wallets made easy Our online wallet
allows you to securely access your coins from all over the world.
Dogecoin wallet Download
Dogecoin wallet Download
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Dogecoin
Reviewed by Rock ABC
on
October 30, 2017
Rating:
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