Dogecoin is a joking cryptocurrency created on Dogecoin blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized. Dogecoin was mainly created to tip other internet users who create best content online.
Dogecoin transaction
Dogecoin transaction takes place on the Dogechain blockchain Explorer based on Dogecoin blocks and timestamp. To view how Dogecoin transaction takes place on the Dogechain blockchain explorer, simply follow the link below;
Date Launched
Dogecoin was first released to the public in 2013 . Since then, it has always being considered as a joking coin.
Founder Of Dogecoin
Dogecoin was created by Billy Marcus a Portland Programmer and Jackson Palmer who is an Australian Entrepreneur as well as technologist.
Process of creating Dogecoin
Dogecoin is created through the mining process by aid of GPU, CPU and ASICS hardware in the presence of internet and electricity using the Scrypt algorithm.To mine using CPU and GPU, you have to download the software while to mine using ASICS hardware, you have to purchase the hardware . You can do it on contract basis by purchasing these contract online. To own a contract and start mining dogecoin, follow the link below;
https://dogecoin-cloud.com/?ref=9c88d80f7838b24574e670f87c18368c
Maximum circulation of Dogecoin
Unlike cryptocurrencies like bitcoin and ethereum where they have maximum supply to the economy, for dogecoin, there is no maximum supply. Instead, 1 block is being added to the dogechain blockchain after every minute.For every block added to the dogechain, 0 to 1000,000 doges are being rewarded to miners. Therefore, since 100 billion doges are supposed to be discovered , 100,000 blocks should be added to the dogechain.
Dogecoin Price
Currently, 1 Dogecoin is worth more than $0.003 and its price is expected to increase over the next period of time.
Converting my Dogecoin to other cryptocurrencies
To convert your Dogecoin to other cryptocurrencies such as bitcoin , you need to have a cryptocurrency exchange account. If you don't own one then you can follow the link to open a cryptocurrency exchange account for easy conversion of your Dogecoin to bitcoin
https://www.binance.com/?ref=10776203
Storing my Dogecoin
To store your Dogecoin, you need a Dogecoin wallet or other supported cryptocurrency wallets.You can use , coinpayment or other supported Dogecoin wallets. For the safety of your Dogecoin, you can use offline Dogecoin wallet like ledger hardware wallet or dogecoin core wallet.
Transferring my Dogecoin to other Users
If you want to transfer your Dogecoin to another user, the two of you must have trust on each other. The trust should be the Dogecoin address provided for the receiver while the sender must have the Dogecoin to send to the receiver .For the sender, a blank space to insert receiver address and another blank space to insert amount to send to receiver is indicated .Here is how it looks like;
Now that you know, i think that it is time for you to start owning Dogecoin. If you feel that i should also own some for helping you to know more about this cryptocurrency, here is my dogecoin address ;
DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd
