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Learn more about Dogecoin
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Dogecoin (DOGE) price has declined today.
Dogecoin (DOGE) is priced at $0.147 today, with a 24-hour trading volume of $640,688,723.77. It is reflecting a 0.29% decline over the last 24 hours and a 7.99% decline over the past 7 days. With a circulating supply of 144 Billion DOGE, Dogecoin’s current market cap is at $21,219,081,435.60.
Introduction to Dogecoin
Ever wondered about the story behind Dogecoin? Well, it’s not just your ordinary digital currency. The famous “doge” Internet meme inspired the unique cryptocurrency, Dogecoin (DOGE).
With its cute Shiba Inu logo, Dogecoin was created by two individuals: Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia back in December 2013.
Born as a fork of Litecoin, Dogecoin was designed to be a fun and lighthearted alternative to Bitcoin, using the power of a dog meme to attract a wider audience.
Elon Musk, the CEO of Tesla, is even a fan of Dogecoin, having expressed his affection for the coin in several tweets on social media. But what sets Dogecoin apart from other cryptocurrencies? Well, let’s take a closer look.
Uncovering the Mining of Dogecoin
When it comes to mining, Dogecoin operates differently from Bitcoin. Unlike Bitcoin’s proof-of-work protocol, Dogecoin utilizes Scrypt technology.
Additionally, Dogecoin boasts a speedy block time of just 1 minute, allowing for faster transactions. Unlike Bitcoin, Dogecoin has an uncapped total supply, meaning miners can produce unlimited Dogecoins.
So, how can you mine Dogecoin? It’s simple. You can choose to mine on your own (known as solo mining) or join a mining pool.
Whether you’re using Windows, Mac, or Linux, and even if you have a GPU, you can start mining Dogecoin. Interestingly, since 2014, you can also mine Litecoin alongside Dogecoin, as the mining processes were merged.
Exploring the Uses of Dogecoin
It’s popular for tipping on Reddit and Twitter, letting fans give a little “thank you” to people who create or share cool stuff. You can get Dogecoin by joining in with online communities that love it.
Plus, some websites, called Dogecoin faucets, even give away a small amount of Dogecoin to help newcomers get started and join in with the community.
How to Buy Dogecoin
Interested in buying some Dogecoin? You’re in luck! You can buy or sell Dogecoin on various exchanges that support this digital currency.
Most Used
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Binance is a great combination of low fees, deep liquidity and multiple cryptocurrencies and trading pairs. We have tested every aspect of it and it STILL holds its reign as the top exchange in the world. In our view, it is the perfect crypto exchange for both newbies and advanced traders alike.
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Coinbase is one of the largest crypto exchanges in the world and a widely-used platform for buying, selling, and trading over 200 cryptocurrencies. It offers trading solutions for beginner, advanced, and institutional traders alike. Take a look at what makes it an excellent option for individual traders looking to trade in cryptocurrencies and beyond.
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Higher fees as compared to other cryptocurrency exchanges.
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Slow customer support.
You have multiple options for keeping your Dogecoin safe, from storing it in an exchange wallet to using a dedicated hardware wallet.
And don’t forget, you can tip Dogecoin in communities that accept it, spreading the love for this unique cryptocurrency.
Dogecoin, inspired by the "doge" meme and featuring a Shiba Inu, was made by Billy Markus and Jackson Palmer in 2013 as a fun alternative to Bitcoin.
Dogecoin uses Scrypt technology for mining and has a fast block time of 1 minute. Miners can produce as many Dogecoins as they like because there’s no cap on the total supply.
Yes, you can mine Dogecoin using Windows, Mac, or Linux, and with a GPU.
People use Dogecoin to tip others online for sharing good content. There are also Dogecoin faucets that give away free Dogecoin to help new users get started.
You can buy Dogecoin on different exchanges and store them in various types of wallets, like exchange wallets or hardware wallets.
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