Science

Dogecoin, the crypto that weighs 30 billion dollars

The 10th largest cryptocurrency, Dogecoin crypto, is strong with a market value of nearly $ 30 billion. The digital currency, whose genesis was intended to parody the Bitcoin frenzy, has become one of the most popular digital currencies. Dogecoin’s growing success is due in large part to a tweet from Tesla CEO Elon Musk. The little text, posted on his Tweeter account, propelled the digital currency to its highest peaks. What aspects of Dogecoin crypto to watch out for and how to be in an already very diverse and volatile crypto sphere?

Dogecoin, an unusual birth

Unlike many other cryptocurrencies, the Dogecoin crypto was not created to solve a problem, but to poke fun at the queen of digital currencies, Bitcoin. The aim was to highlight the foolishness, denounced by supporters of monetary orthodoxy, of buying a digital asset that is not backed by any asset or cash flow.

The origins of Dogecoin are pleasant by nature. Created by Jackson Palmer and Billy Markus in 2013 in light of the rapid rise in Bitcoin prices, this Altcoin was designed in two hours. Its creators were inspired by the Doge meme, a Shiba Inu dog who speaks poor English. Unlike Bitcoin, Dogecoin does not limit the number of coins that can be issued.

What can Dogecoin be used for?

Like other cryptocurrencies, such as Bitcoin, Dogecoin crypto can be used to transfer money between people, either to pay for goods or services, or simply to send money. Users can also transact semi-anonymously, even if a record is publicly available on the blockchain. These operations are carried out without going through a traditional intermediary such as a bank. Dogecoin works through a decentralized network of computers that uses blockchain technology to ensure the reliability of the transaction history. The technology used verifies transactions and ensures the integrity of the data.

How to get Dogecoins?

To acquire cryptodogecoin it is possible to do so on the avatrade platform. Whether you are traveling for business, in the office or on vacation, avatrade is available anytime, anywhere. The site does its best to offer an easy-to-use interface and innovative tools.

Posted on 12/07/2021 11:09:40 AM

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