Dogecoin The Good Cryptocurrency
Dogecoin is a decentralized, peer to peer digital cryptocurrency
I have come to like the Dogecoin…If you run websites, you are going to be- from time to time sitting on hold on the phone with your hosting provider. This was me last week; I was waiting on hold early in the morning.
You see, I have my phone by my bed so that when I wake at about 6 am most mornings; I can check my sites and peek at my emails while laying in bed.
This particular morning, I’m cruising through my sites and notice that this Crypto site that your reading was up -but frozen.
Long story short my hosting customer service guy was making small talk and saw that I owned this site and blurted out he had made a killing with Dogecoin.
In the last three days, he was the third person who had told me they were winning with Dogecoin.
Doing what I do, I have Crypto overload, I get hundreds of Press Releases about all things Crypto. People would be surprised by the coins.
I get pitched that no one has ever heard of, never even make to edge of the radar. I had heard of Dogecoin…but until these coins get traction, I’m sorry I could not give them very much energy.
After the third mention of Dogecoin, I stopped and did my due diligence, sorry I’m late to the party.
What is Dogecoin?
Dogecoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Think of it as an internet-based cryptocurrency.
Dogecoin came about in late 2013, as a branch of the Litecoin Blockchain. They’ve recently been funded to the tune of 1 billion dollars from News Reports. The Dogecoin charts have been pretty steady until recently when Dogecoin took off with it’s listing on the Biance market.
With a billion-dollar evaluation, Dogecoin is a player in the Crypto world. A fun easy to like cryptocurrency. Dogecoin is on a lot of lists as a coin that will be around for the long run, it’s light-hearted mascot the Shiba Inu Dog. Makes it pretty cute with lady and fellas.
How many Dogecoins are in circulation?
At the time of my writing, Dogecoin had mined 21.45 billion coins or 21.45% of their total.
Doge began as an internet meme of a Shiba Inu Dog, meant to be a joke. the coin is an internet favorite
Is Dogecoin mining free? With your home PC, you will need a beefed-up PC. Experts warn against it though; most home computers are going to overheat if they’re mining Dogecoin for too long.
Dogecoin crypto is usually used on platforms like Reddit and Twitter to tip content makers for good content. Dogecoin crypto is usually used on platforms like Reddit and Twitter to tip content makers for good content. But on Dogecoin exchanges and the Biance market, the Dogecoin trading can be performed pretty easily.
Who created Dogecoin?
The coin was started back in late 2013 by Billy Markus and Jackson Palmer; the two had planned a light-hearted currency that people could have fun with, and do some good for less fortunate groups.
The Dogecoin forecast predicts a steady growth in the future. The coin has been a force for good in the Crypto world raising money for The Jamaican bobsled team along with charities in underserved parts of Africa.
What are the downsides of Dogecoin?
There are some downsides to Dogecoin though…Co-founder Jackson Palmer left the development of the coin in 2015. He reported that there will be no more future development of the coin.
Along with that, the company had first set a coin max level of 1 billion coins. But as of now there currently 125 billion coins or more in circulation and with that many coins out in circulation the coin has little chance of ever really being worth very much.
Add on the extreme competition between cryptocurrencies that are developing and improving every day. I would personally suggest keeping it light and don’t invest too much into the Dogecoin.