3x Quick Dogecoin Token Price Today, Dogebear Live Marketcap, Chart, And Info

Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of high quality content. You can get tipped Dogecoin by collaborating in a community that uses the digital currency, or you will get your Dogecoin from a Dogecoin faucet. Dogecoin differs from Bitcoin’s proof-of-work protocol in a number defi coin coinmarketcap of ways, one of which is by using Scrypt technology. The altcoin has additionally a block time of 1 minute, and the entire supply is uncapped, which signifies that there is not a limit to the number of Dogecoin that could be mined.

As of 2014, you might also mine Litecoin in the same means of mining Dogecoin, because the processes had been merged. Dogecoin is predicated on the popular “doge” Internet meme and includes a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have larger appeal beyond the core Bitcoin viewers, since it was based mostly on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favourite coin.

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