Dogecoin And Its Future – Review From Kucoin
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What Is Dogecoin?
A cryptocurrency called Dogecoin was invented in 2013 by Billy Markus and Jackson Palmer as an alternative to Bitcoin (BTC). It is based on Litecoin’s codebase but uses an entirely different hashing algorithm called Scrypt instead of Bitcoin’s SHA256 algorithm. It is more popular among miners worldwide who want higher profits from their mining efforts without having to spend too much energy on the processing power needed for mining BTCs.
Dogecoin And Its Potential: A KuCoin Guide
The cryptocurrency has been on a roll lately, with its value increasing by over 25% in the past month alone. Dogecoin is a cryptocurrency that was launched on December 8, 2013. Billy Markus created it in Portland, Oregon. The currency’s name references the Shiba Inu dog meme and its founder’s love for all things Japanese.
The currency gained popularity in 2014 when it began to be used as a tipping service for social media posts. It has since been used as an alternative to Bitcoin as a payment method for goods and services online and offline. Many companies have begun accepting Dogecoin as a payment method for their goods and services.
The currency started at just over one billion coins in circulation but has grown to over 100 billion coins today. Dogecoin has also seen some competition from other cryptocurrencies such as Ripple (XRP), Ethereum (ETH), EOS (EOS), Litecoin (LTC), and Cardano (ADA), among others. However, none of these other altcoins have reached the same popularity that Dogecoin currently enjoys with its community members around the world, including those living in countries where cryptocurrency transactions are illegal, such as China or India, among others.
Why Should You Invest In This Cryptocurrency?
The main reason you should invest in Dogecoin is that it offers high returns contrasted with other cryptographic forms of money like Bitcoin or Ethereum, which have very low returns.
Charity Coin
The Dogecoin community is very active and is known for its charitable efforts. One of the most popular charities to receive donations from Dogecoin is the Dogecoin Foundation, founded by Jackson Palmer and Billy Markus. The foundation’s goal is to increase understanding of cryptocurrency and aid those who need help with their financial obligations.
Features Of Dogecoin
Dogecoin has some unique features that make it stand out from other altcoins. For example, it’s based on Bitcoin but has a different mining algorithm than Bitcoin. Another feature that sets Dogecoin apart from other cryptocurrencies is its low transaction fees: only 0.01%!
Conclusion
Stellar (XLM) has had an incredible 2018, peaking at $0.93 on January 4 and marking a gain of over 9,000% from its previous XLM price. Bitcoin (BTC) and Ethereum (ETH) form a well-known cryptocurrency trading combination. The market comprises more than 200 digital payment methods and more than 400 industrial categories.