DOGE Dogecoin cryptocurrency and its features

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the cryptocurrency Dogecoin DOGE was extracted from litecoin in December 2013. Dogecoin was primarily used as a system for Reddit and Twitter to reward the creation or sharing of high-quality content.

Dogecoin was created by Billy Marcus from Portland, Oregon and Jackson Palmer from Sydney, Australia.

They both imagined Dogecoin as the shining heart of cryptocurrencies that would have a greater appeal than the primary Bitcoin audience.

DOGE litecoin cryptocurrency
DOGE

What is the Dogecoin?

Dogecoin is a decentralized, peer-to-peer, cryptocurrency that enables you to easily send money online.

Dogecoin stands out from other cryptocurrencies with an amazing and vibrant community of friendly people.

 Dogecoin Advantages :

1. Dogecoin is characterized by the speed of production, especially in the early stages, it does not need any servers.

2. This currency is characterized by a lack of regulatory status such as Bitcoin and litecoin , which made it more desirable among users.

3 – DOGE uses easy mining algorithms compared to the rest of the algorithms used by the rest of the crypto currencies such as Bitcoin, Ripple, and LiteCoin, in addition, it is faster than the rest of the currencies in mining and does not need a long time.

4 – DOGE is characterized by the number of open and unlimited production, after six months of the launch of this currency was produced 80 billion of them, so that this figure reached at the end of the first year to 98 million dogecoin, and after this currency has grown and stabilized production has been determined Annual with 5.2 million DogeCoin.

5. Through the official website, the user can get an e-wallet that receives DOGE .

6 – This currency is characterized as a crypto currency and is traded through the Internet, just like other currencies.

Mining DOGE Dogecoin:

Unlike other currencies, which have a fixed number, Doug Coin does not have a specific amount, which makes it inflationary and was initially limited to 100 billion of the currency. The annual will be 5.200 billion of currency to infinity.

Which should be the result of a continuous reduction in inflation over a long period.

The production of 1 block of dog coin takes a minute and is considered the fastest.


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Marowa Al Tujjar
Marowa Al Tujjar
مديرة القسم الصحفي - كاتبة و محررة إقتصادية متخصصة بالعملات الرقمية
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