![]() Let’s look at how a transaction works on the Dogecoin blockchain. Blockchains don’t operate on a centralized server. This is why blockchains are called decentralized networks. Every transaction that’s made with Dogecoin is stored on the Dogecoin blockchain.īlockchain information isn’t stored in one place though, it’s stored across thousands of computers called nodes. Blockchains are huge digital databases ( sometimes called ledgers) that store transaction information. The Technology Behind DogecoinĬurious about what is Dogecoin technology? Well, all cryptocurrencies are based on blockchain technology. Note: Market cap (or market capitalization) is what the total number of coins on the market are worth.Īll these numbers are great fun ( right?), but how do Dogecoin transactions really work? Let’s have a look. You also know that it has a lot of fans, but how big is Dogecoin as a currency? Let’s look at the numbers. So, now you know the story of Dogecoin and how it’s used. Dogecoin charities that use Reddit as a platform include SocksForTheHomeless and DogePizza. ![]() ![]() They can also use the platform to raise money for good causes. Reddit hosts a lively Shibe group that can tip each other with Dogecoin for posting good content. ![]() Wise raced in a Dogecoin themed car!ĭogecoin has a large following on social media too. In March 2014, Shibes paid $55,000 to sponsor a driver named Josh Wise. Shibes have even tried NASCAR ( North-American Stock Car Auto Racing).For World Water Day ( March 22nd, 2014), loyal Shibes raised $30,000 to help build clean-water wells in the Tana Valley, Kenya.In 2014, the Dogecoin community raised $50,000 to help send the Jamaican Bobsled Team to the Sochi Winter Olympics.The Dogecoin community uses its size to support good causes all over the world. Now you know a little about what is Dogecoin, let's see how it's used. What things, you ask? Read on! How is Dogecoin Used? Here’s one I made just for you!ĭogecoin fans are a special group, and have used Dogecoin to do some special things. There are even Shibe meme generators you can try. It’s made up of funny broken English terms and phrases like, “ such amazing”, “ much grateful” and “ many works”. Since its success, Dogecoin has been known for its charitable donations and other good causes.įans of Dogecoin call themselves Shibes! They even have their own Shibe language. Dogecoin is commonly known as the “ friendly” coin, and for good reason. What started as a little joke has now become a huge crypto community. One answer is - it’s a coin with a dog on it! But that’s not the whole story. The internet got very excited by this bold, new coin and started to ask, “ well, what is Dogecoin?”. Its mascot is a popular meme of a Shiba Inu dog and the way it’s spelled and pronounced is borrowed from an internet puppet show. So what is this fun coin? What is Dogecoin?ĭogecoin was launched on December 6 th, 2013. So, they decided to create their own coin. They thought that crypto should be about fun, and not just about money. Billy Markus and Jackson Palmer thought that cryptocurrency was being taken too seriously. The world was starting to take cryptocurrency seriously. What is Dogecoin? The Story of the 'Wow' Coinīy December 2013, one Bitcoin was worth $1,083.14. What is Dogecoin? The Story of the 'Wow' Coin Looking for the most secure place to buy BTC? I have collected the best-rated crypto exchanges that were approved as the safest platforms for buying BTC below, so take a look. The story of Dogecoin begins in 2013, so let’s start there. Not only that, but after reading this guide, you'll also be able to get yourself some Dogecoin, and also know where to store it, too!ĭOGE cryptocurrency is booming at the moment, just take a look at how the price jumped within only a few days! So, when someone asks you, “ what is Dogecoin?”, you’ll have the answer. In this guide, I’m going to tell you about how Dogecoin got started, how it’s used and why it’s popular. One altcoin with a growing community is Dogecoin. Some of these cryptocurrencies may even be better than Bitcoin.īut cryptocurrencies aren’t just digital assets, they can be communities, too. It can be easy to forget that there are hundreds of other cryptocurrencies. It might even be Taylor Swift as well! Yet, we're here to find out what is Dogecoin, so let's get started. If Bitcoin was a pop star, it would be Elvis, the Beatles and Michael Jackson all in one. If people only know one thing about cryptocurrency, then that one thing would be about Bitcoin.
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