Dogecoin (DOGE) – a cryptocurrency that was once considered a “joke” in the Crypto market, but has had a spectacular “breakout” in value in the past two months or so. So what is Dogecoin? What difference does it have? Where to create a storage wallet and Buy and sell DOGE Coin? Which Dogecoin exchange is reputable and safe? Should you invest in Degecoin? Find out and evaluate this coin with I Love Bitcoin below.
What is Dogecoin?
Dogecoin (symbol: DOGE) is an electronic currency or digital currency built and developed on the basis of Litecoin coin. Dogecoin was created based on the quite unique idea of the meme word “Doge”. Dogecoin virtual currency launched on the market very early on December 8, 2013, its coin creation speed is much faster than other digital currencies. According to the statistics of CoinMarketCap, by the end of 2014 there were nearly 100 billion DOGE circulating on the market. After that, 5.2 billion coins will be generated every year. As of February 1, 2014, over 40 billion coins have been mined.
Dogecoin development history
Founder Dogecoin was Billy Markus – a programmer and former engineer at IBM, in Portland, Oregon. He was initially experimenting with another of his own digital currencies called “Bells” based on Nintendo’s Animal Crossing series. He hopes the digital currency will reach other user groups than the investors that created Bitcoin’s economy and are free of the controversies in Bitcoin’s history (Silk Road).
Around the same time, his friend, Jackson Palmer, a marketing officer at Adobe Systems in Sydney, Australia, and the one who originally came up with the idea of Dogecoin, was told by a student at Front Range University. via Twitter to turn that idea into reality. This led Palmer to meet Markus.
After being mentioned several times on Twitter, Palmer bought the domain dogecoin.com, then showed it to Markus and quickly created a partnership between Markus and Palmer. Dogecoin was released shortly after the completion of Markus Dogecoin wallet. Markus makes Dogecoin based on Litecoin, which means it also uses the scrypt algorithm. The original Dogecoin network had a limit of 100 billion coins.
How does Dogecoin work?
How it works Dogecoin coin is based on public password encryption. Each DOGE trading address will have a private password and a public password. Only a private password can decrypt the encrypted data associated with the public password, thus ensuring security even when the public password is widely shared. Dogecoin addresses are public passwords that are 34 characters long and begin with the letter “D”.
Current exchange rate of virtual currency DOGE Coin
At the time of writing this article (October 4, 2018), price 1 DOGE = $0.005733 USD with a total market capitalization of $667,379,781 USD and ranked 20th on CoinMarketCap. DOGE digital currency has 116.405,168,075 Coins circulating on the market, total supply unknown. You can see Dogecoin Rates We update in real time 24/7 to understand the price movement of this coin.
See also: Real-time 1,500+ coin exchange rate table 24/7
Where is the safest place to create a DogeCoin wallet?
To create a Dogecoin wallet you can use “Dogecoin Wallet“, this is a wallet platform created by the founding team of Dogecoin to help users easily and securely store DOGE, currently available in desktop versions (Windowns, Mac OS, Linux) and phone (Android only, IOS coming in the future), you can download here.
If you prefer convenience, fast and easy to use, then DogeChain is the best wallet for you to store DOGE, which is a fairly popular online web wallet platform. I already have a guide to create and use it, see below.
Besides, Coinomi wallet also a good and safe choice to store your DOGE coin, this is a mobile wallet service that supports a lot of reputable Altcoins and Tokens, Coinomi is a very popular wallet and is loved by many investors private use worldwide.
In the next post, I will guide you How to create a Dogecoin wallet on a computer with “Dogecoin wallet” for those of you who prefer to use Dogecoin’s own wallet. Remember to follow Blog I Love Bitcoin to update.
Where to buy and sell DOGE coin? Which exchange is reputable?
Dogecoin virtual currency really very popular although it is not appreciated in terms of technology, there have been many large and small exchanges listed DOGE, most notably recently, Binance – the world’s largest exchange, has supported DOGE trading. Below I will list the full range of platforms that you can use to buy and sell DOGE coin:
And there are even some other exchanges, but the volume is small. In it, floor Binance own trading volume coin DOGE đồng the biggest and I also recommend using Binance to buy and sell DOGE because this is the world’s largest exchange, low fees, safe. See the Binance guide below:
Should I invest DogeCoin coin?
As in other articles, in this section I will say my personal opinion, you should not consider this as an investment advice, just refer and make your own decision. Should I invest Dogecoin? or not. Although the Dogecoin cryptocurrency is in the TOP 20 of the largest coins in the market, at the moment I find it has no useful applications and in fact, the price of Dogecoin also fluctuates very erratic, it will be more suitable if you is trading, and personally, I will not invest in Dogecoin for long.
Learn more about the DOGE coin coin
Ok. So I have finished sharing all the information about Doge coin digital coin Then, hopefully the article will have a lot of information you need to make the right investment decision. If you feel the article “Dogecoin what? Where to create a wallet and Buy and sell DOGE Coin? Should I invest Dogecoin?“Useful, don’t forget Like, Share and 5 star rating to support Blog ToiYeuBitcoin Please. Leave a comment below if you need any help with anything. Good luck.
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