What is Dogecoin? How does it work?

[parianu]

Dogecoin was created by Billy Markus and Jackson Palmer as a peer to peer open-source cryptocurrency which operates on a script based network, thus enabling faster transactions all over the world. It was launched in December 2013 and had a Shibu Inus (Japanese dog breed) as its logo which is also a very well known meme on the internet. After the price of Bitcoin soared to $1,083 USD in 2013 and cryptocurrency started gaining traction and became subjected which was being broached by a lot of experts, the creators of Dogecoin decided that cryptocurrency is being taken quite seriously and ended up creating a Dogecoin as a small joke. The cryptocurrency went on to amass quite a fan following and ended up developing a huge crypto community of its own. The coin has largely been used by the crypto community for charitable purposes.

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[WalletInvestor]

Dogecoin is definitely a legendary cryptocurrency. From parody to the moon, its journey is pretty unparalelled. For me it was interesting to see, though, that one of the creators was pretty disillusioned after Doge surged and got all the hype last year.

[MrSpasybo]

I wasn't interested in Dogecoin before because it was just a joke, but now it has become a major asset in the crypto market after it was pumped by Elon Musk. I don't think I should regret this opportunity, I really have no faith in Dogecoin.

[Swiss_cheese]

Doge and Shiba showed us that creating hype and trends are market forces not to be reckoned with.

[lanjer50]

Doge is the Meme Token but currently it is one of the most potential coin in the crypto currency market. Most of us think Elon MUsk is the owner of this meme token.

[Tatyanaa]

Thanks for the update. I'll be sure to keep an eye on this thread.

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