Could a coin that started as a joke become a serious rival to Bitcoin? Some crypto experts seem to think so.
What is DOGE?
What is DogeCoin – DOGE … Or rather what’s with Dogecoin and the Dog? Dogecoin was originally created as a joke, referencing a meme about a funny-looking Shiba Inu dog that gained wide popularity on the internet.
So, What is Dogecoin?
Dogecoin is a decentralized peer-2-peer digital currency, just like Bitcoin and can be used to easily transfer value online.
And yes, Dogecoin was set up as a bit of a joke thus creating a friendly community supporting the coin. It also helped adoption that the Doge Meme went viral.
Read more: What is Dogecoin?
What could drive Dogecoin’s growth?
- Novelty value and Fun
Dogecoin is fun, friendly and approachable, It pokes fun at all the hype and buzzwords that surround many crypto projects, and one look at its website makes it clear that this project doesn’t take itself too seriously. There’s a strong culture around popular online memes and Dogecoin does have a strong base of dedicated followers and supporters.
- Available widely
Dogecoin is easily available on a wide range of exchanges. If you want to trade Dogecoin, here is a good place to start…
The fact that Dogecoin was launched in 2013 and is still around in 2018 shouldn’t be sneezed at. That’s a long time in the world of cryptocurrencies and helps DOGE achieve legitimacy and credibility that other coins don’t have.
- Community support
Dogecoin can be used to reward other Internet users quickly and easily. It’s quite common to see Reddit and Twitter users “tipping” small amounts of DOGE to the authors of entertaining or insightful posts. Not only does this reward people for creating good content, but it also helps spread awareness about this unique digital currency.
- The Doge / Ethereum bridge.
In February 2018, Dogecoin featured in TrueBit, one of Ethereum’s ongoing scalability projects. The idea is to create a way for DOGE to be traded on the Ethereum blockchain
Interested in DOGE?
Get your copy of What is Bitcoin
This e-book on Amazon explains what Bitcoin is, it explains that Bitcoin (BTC) is a virtual currency, digital, not physical, and independent of banks. Useful links and resources for the newbie and advanced Bitcoiner or cryptocurrency enthusiast.
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