Dogecoins (DOGE)
Dogecoin (DOGE) is a decentralized, peer-to-peer digital currency but, in contrast to the bitcoin, there is no limit of coins. Dogecoin was created by the programmer Billy Markus from Portland (Oregon). His idea was to create a fun cryptocurrency that could reach a broader demographic than bitcoin. Compared with other cryptocurrencies, it has a fast initial coin production schedule: 100 billion coins have been in circulation by mid 2015 with an additional 5.256 billion coins every year thereafter.
Dogecoin has consistently been in the top ten market capitalizations for cryptocurrencies, and since its initial highs in March last year, it’s been relatively stable in terms of both market capitalization and value.
Dogecoin has consistently been in the top ten market capitalizations for cryptocurrencies, and since its initial highs in March last year, it’s been relatively stable in terms of both market capitalization and value.
It has gained a very large number of fans. The Dogecoin community has managed to achieve some remarkable things. They have sponsored a few NASCAR races, a school in Cambodia, a well in Kenya, and a mini lunar rover race. They have contributed with funds to send the Jamaican Bobsled team and the five time Olympian Indian athlete Shiva Keshavan to Sochi for the Winter Olympics.
In September 2014, Dogecoin officially switched over to merged mining with Litecoin. The move to merged mining brought some stability to the coin, as well as increased security to both blockchains. Indeed, both coins enjoy a much larger hashing pool working together. While there were many voices on both sides of the argument, many viewed the move as an example of how openly competing coins can work together for mutual benefit. It remains to be seen if the move was the correct one, but for now it appears that Dogecoin will continue to thrive.
All transactions with DOGE have to be done only by using Dogecoin addresses that look similar with the BTC or LTC ones, except that they usually start with "D".
In September 2014, Dogecoin officially switched over to merged mining with Litecoin. The move to merged mining brought some stability to the coin, as well as increased security to both blockchains. Indeed, both coins enjoy a much larger hashing pool working together. While there were many voices on both sides of the argument, many viewed the move as an example of how openly competing coins can work together for mutual benefit. It remains to be seen if the move was the correct one, but for now it appears that Dogecoin will continue to thrive.
All transactions with DOGE have to be done only by using Dogecoin addresses that look similar with the BTC or LTC ones, except that they usually start with "D".