An Overview
The founder of dogecoin is Billy Markus, a programmer from Portland, Oregon. Billy wants to create a cryptocurrency that would be fun among the audience and gain popularity like bitcoin. The domain dogecoin.com was purchased by Palmer, an employee of the marketing team of Adobe Systems in Sydney when a student at Front Range Community on Twitter asked him to make this idea of a crypto coin a reality and decided to give it the logo of the popular doge meme.Seeing this Billy Markus contacted Palmer and created a dogecoin cryptocurrency that is based on the existing cryptocurrency LuckyCoin. Like of LuckyCoin, dogecoin also uses scrypt technology in its proof-of-work algorithm with a network that can produce unlimited Dogecoins.
Why DOGECOIN getting popular day by day?
As we all know that out of a sudden we all are hearing news about dogecoin so much that it has sought the attention of everyone all over the internet such that everyone is talking about it and memers were making memes so many memes on dogecoin.So let's know the reason for this popularity.
This popularity is due to the TWEETS of the most optimistic person of this century Elon musk. So due to his tweets, people start trusting in dogecoin and start buying it in bulk in such a way that its value has increased rapidly. This price increase also motivated the investors to invest more in dogecoin and get higher returns.
Let's look at this realtime data of dogecoin price.
Can we say Dogecoin as the future Bitcoin?
As of Bitcoin, Dogecoin also works on peer-to-peer transactions over its decentralized network but is maintained by different community.Dogecoin is getting its prices higher and higher as it has a rich supply of coins,as it does not has limited mining capacity as of Bitcoin which is getting halved in every four years. Dogecoin also competes with Bitcoin on the basis of Transaction processing speed, as it takes only one minute for block time and on the other hand Bitcoin block takes 10 minutes block time, so giving a tough a competition to Bitcoin in all aspects and also, Dogecoin allows merge mining which allows one to mine Litecoin along with DOGE simultaneously.
So here is how you can get started with Dogecoin.
How to buy your first Dogecoin with cryptocurrency exchange platform CoinDCX?
With CoinDCX you can easily buy and sell the Dogecoin as this platform is Fast & simple, Easy deposit & withdrawals and Safe & secure.So you can get started in these simple three steps.
And buy your first Dogecoin from Here.
Images Source: DogeCoin Website, CoinDCX Website.
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