What is Dogecoin? What is dogecoin at right now

What is Dogecoin ? Update all the latest information in 2022

What is Dogecoin?? What features stand out? How can I own Dogecoin? This is a question that many interested investors are looking for. And if you are too, you can read our article to get the answer!

Learn What is Dogecoin?

What is Dogecoin?

In 2013, Dogecoin (DOGE) was officially born and was created based on another very familiar coin, which is Litecoin (LTC). This is an open source virtual currency researched and developed by Jackson Palmer and Billy Markus. Initially, this cryptocurrency was created as a joke, based on the meme about the Shiba Inu (Japanese dog breed) that was very popular at the time. It is built on top of Litecoin and uses the same technology.

Copper can be easily recognized Dogecoin through the logo image of a pretty cute Shiba Inu dog. Even a founding member named Shibetoshi Nakamoto.

So you have somewhat understood “What is Dogecoin?” okay?

Since the Dogecoin virtual currency was born, it has always received great attention from investors, and at the same time built an increasingly large and loyal community.

Highlights of Dogecoin

People not only wonder What is Dogecoin? but also very interested in the outstanding features that make this virtual currency stand out in the competitive crypto market. In fact, this DOGE coin also has a lot of highlights, notably:

Unlimited number:

• Unlike many other virtual currencies, DOGE does not limit the quantity. You can mine DOGE yourself by installing software and mining on your computer if it has a strong enough configuration. However, this generally makes DOGE vulnerable to inflation

Simple structure:

• DOGE was born solely for the purpose of decentralization and development based on the foundation of Litecoin

Using Litecoin’s Scrypt algorithm:

• However, compared to the processing speed of 2.5 minutes/block of Litecoin, Dogecoin has a much faster processing speed, only 1 minute/block.

Can be mined:

You can completely mine DOGE because this coin has a fairly simple algorithm (Scrypt Proof of Work). To mine, you don’t necessarily have to use highly configurable computers like ASICs, but you can use your own personal computer. Initially, miners receive random rewards. However, starting from 2015 onwards, the reward of each block mined is 10,000 DOGE

Dogecoin has outstanding advantages

Dogecoin coin details

Name, supply, contract Polkadot

Dogecoin on exchanges abbreviated as DOGE and is a decentralized, peer-to-peer digital currency. They officially launched on December 8, 2013, inspired by the meme icon “Doge”. At the end of 2014, there were about 100,000,000,000 coins in stock. After that, about 5,200,000,000 more coins are created each year every year. The total amount of DOGE coins is unlimited and the total amount of coins in circulation is currently around 119,183,347,533 DOGE.

Dogecoin inspired by the “Doge” meme icon

Details:

Name: DogecoinTicker: DOGEBlockchain: Litecoin Token type: Payment token Total supply: Unlimited Circulation supply: 119,183,347,533 DOGE

Currently, DOGE’s smart contract has entered the top 10 most used smart contracts on the Ethereum chain. The data shared on the community shows that this virtual currency is currently at #7 in the most actively interacted smart contracts on the chain.

Current rate

To know billion Dogecoin price on the current market how much you can refer to on Coinmarketcap. Here is the current exchange rate of this cryptocurrency:

Dogecoin rate on Marketcap

Note: Dogecoin price may change from time to time!

How to own and trade Dogecoin

There are many ways for you to own this Dogecoin virtual currency. Specifically include:

Buy Dogecoin

directly on cryptocurrency exchangesGet free DOGE coins by participating in the Dogecoin communityUse computers to mine Dogecoins, only machines with AMD Graphic Cards type can be mined, but cannot be used ASIC Miner

BUY DOGECOIN AT BINANCE LINK AT THE LINK GET NOW DISCOUNT 10% TRANSACTION FEE FROM US, ONLY LINK ABOVE!

There are 2 websites that are currently giving away DOGE coins for free that you should know about:

Dogefaucet.com InDogeWWeTrust.com

Both of these sites only require you to enter your wallet address to receive DOGE.

If you want buy Dogecoin Then you can find the following exchanges:

CoinAll31%Hb.top6.8%FEX22.9%P2PB2B6.3%HitBTC7.3%Others25.8%Exchanges for DOGE trading and DOGE/BTC59.6%DOGE/FCNY5.5%DOGE/ETH11. 7%DOGE/USDT8.3% DOGE Trading Volume by Cryptocurrency Pairs

In addition, Binance Smart Chain now also has wDOGE. You can own this virtual currency by swapping directly on PancakeSwap to buy and sell.

Roadmap and team of developers

Dogecoin Roadmap

Virtual currency Dogecoin there are many competitors and all are top cryptocurrencies, such as BTC, ETH, XRP. However, the author’s purpose of creating this coin is not to make it the most valuable coin. Instead, the roadmap for DOGE is to keep its price as low as possible for easier use and reward purposes.

During the past 2 years, DOGE still hasn’t been able to give any updates but its price has always increased.

Team developer / backer (if) of Dogecoin

DOGE’s developer team was originally Jackson Palmer and Billy. Both were actively involved in the creation of this virtual currency. However, the name Shibetoshi Nakamoto was more popular. Also included are Max Keller, Patrick Lodder and Ros Nicoll. The members of the development team are mostly volunteers.

Jackson Palmer and Billy – 2 DOGE developers

Closing and Disclaimer

Through this article you can see Dogecoin is a coin that has quite a few differences compared to the virtual currencies that we still know. Therefore, whether or not you should invest in this virtual currency should consider carefully.

Disclaimer: All the information we mentioned is for reference purposes only, to help you better understand what Dogecoin is. This is not advice, so we refuse to be responsible for any of your investments. Investing in Dogecoin or not depends on each person’s consideration and decision!

Currently, the Vietnamese state does not provide legal support for any electronic currency, you still have the right to mine and use it, however, when there is a dispute or conflict, the state has no obligation to assist in resolving these issues. this problem.