Brief Introduction on Dogecoin

Dogecoin

What is Dogecoin? Dogecoin is an open source peer-to-peer cryptocurrency. It was launched in 2013. Its logo is a popular meme of a Shiba Inu dog.

How Is Dogecoin Used? Dogecoin has been known for its charity donations and other good causes. Social media users give dogecoin tips to other users for providing good content. Dogecoin can be used to buy goods and services.

Dogecoin Technology • Doge cannot be mined by ASICs, and is only mineable by computers. • Dogecoin’s block time is 1 minute whereas Litecoin takes 2.5 minutes to add a block. • Its mining reward limit is 10,000 from 2015. Earlier reward limit was random. • In 2014, first Dogecoin ATM was launched in Vancouver.

Dogecoin Wallets There are four types of Dogecoin wallets: Software wallet Online wallets Paper wallets Hardware wallets

Software wallet: Dogecoin Core: It can take a long time to download. MultiDoge: This is a light. It means it stores enough information to use Dogecoin. • Online wallets: It allows you to use the Dogecoin blockchain without storing it on your computer.

Paper wallets: These are printable wallets which is a secure way to store your Dogecoin. Hardware wallets: These are removable hardware devices, like USB sticks. They can be quite expensive.

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Brief Introduction on Dogecoin

Brief Introduction on Dogecoin

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