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What is Dogecoin? What are Dogecoin’s features?

by Financial Economy

Dogecoin, one of the crypto currencies that has been frequently heard recently, emerged in December 2013. Today, Dogecoin (DOGE) and other digital currencies are on the agenda due to the increasing use of cryptocurrencies for investment and transaction purposes. Dogecoin is briefly expressed as DOGE. Designed by Jackson Palmer and Billy Markus, Dogecoin (DOGE) to create a fun payment system with no traditional banking transaction fees. By January 2014, this currency surpassed many cryptocurrencies, including Bitcoin, with its total transaction volume. This Dogecoin (DOGE) rise continued, reaching a peak of $ 0.017 on January 7, 2018. For information about cryptocurrencies, you can browse here.

What are Dogecoin’s features?

Since Dogecoin (DOGE) does not aim to innovate in blockchain technology, its transfers are carried out through the blockchain network established by the Litecoin crypto currency. Updates made on the Lite coin network also apply to the Dogecoin network. While a random reward was given to the user for each block mining for Dogecoin investment when it first appeared, in later times this award was turned into static. Dogecoin is designed to be a more accessible and friendly cryptocurrency. In this way, it was thought that it would be possible to access users who escape from the complexity of Bitcoin.

From the point of view of the Dogecoin (DOGE) market, this currency is known for having one of the most active and largest communities. This crypto currency, which is widely used especially for tip service, is also preferred to finance various projects. The most important feature that distinguishes Dogecoin from other crypto currencies is that it is not a deflationary but an inflationary. So there are no restrictions on Dogecoin in circulation.

How to buy Dogecoin? How is DOGE mining done?

To purchase Dogecoin, either mining is done or it is necessary to use a specially created crypto currency exchange for these transactions. For those who have the idea to buy Dogecoin, the first step will usually be Dogecoin mining. In its simplest form, this transaction is rewarded with the new Dogecoin (DOGE) as a result of the approval of transactions on the Dogecoin blockchain. However, complex mathematical equations must be solved for this confirmation, and equipped computers with powerful features are preferred for this purpose. Mining Dogecoin is faster than others.

For details: https://en.wikipedia.org/wiki/Dogecoin

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