-0.83% Bitcoin (BTC) 40297.5 EUR
+0.70% Ethereum (ETH) 3024 EUR
+1.37% Litecoin (LTC) 158.28 EUR
-2.31% B-Cash (BCH) 539.47 EUR
+1.72% Ethereum (ETH) 0.07506 BTC
+2.21% Litecoin (LTC) 0.003928 BTC
-1.47% B-Cash (BCH) 0.0134 BTC
-1.33% Bitcoin (BTC) 47353.73 USDC
+0.46% USD Coin (USDC) 0.85 EUR
-1.31% Bitcoin (BTC) 47317.1 USDT
+0.47% Tether (USDT) 0.85 EUR
-1.85% Chainlink (LINK) 25.41 EUR
-1.17% Chainlink (LINK) 0.00063061 BTC
-2.17% Dogecoin (DOGE) 0.2 EUR
-1.36% Dogecoin (DOGE) 0.00000505 BTC
+1.36% Uniswap (UNI) 22.22 EUR
+1.98% Uniswap (UNI) 0.0005507 BTC

Dogecoin (DOGE)

What is Dogecoin?

 

Dogecoin (DOGE) is an open-source cryptocurrency. Created as a joke of a meme with the image of a Shiba Inu dog on its logo, Dogecoin was launched for the first time in December 2013.

It is rapidly gaining popularity due to its remarkable features. Dogecoin uses a scrypt algorithm, containing its low price and unlimited supply. Interestingly, this coin was built to spread goodwill and fun throughout the crypto community.

 

The open-source protocol is a fork of the luckycoin blockchain, which means that the original dogecoin developers created a copy of the luckycoin source code and modified that source code according to their own preferences. Luckycoin is a fork of litecoin, which is itself a fork of bitcoin.

 

How does Dogecoin work?

 

Much of Dogecoin’s coding is a direct copy of Bitcoin's. Billy Marcus (one of the founders of the coin) said that he used the combination "ctrl + f" to scroll through the Bitcoin code and thus replaced all Bitcoin cases with Dogecoin. He also changed the term “mining” to “digging”.

 

Like bitcoin, dogecoin is decentralized peer-to-peer, open source network that utilizes a proof-of-work consensus algorithm. The network relies on miners for two actions:  to secure the network from malicious users and to validate transactions. Unlike bitcoin, dogecoin uses the scrypt mining algorithm, which has lower hashrates and uses less energy than bitcoin’s SHA-256 mining algorithm.

 

Benefits of Dogecoin

 

  • faster confirmation times
  • lower transaction fees
  • lower value which helps in tipping and gaming currency
  • friendly community
  • devoted community

 

How to buy Dogecoin?

 

  1. Create an account
  2. Verify your identity
  3. Fund your account and start trading Dogecoin on X1

 

What to do after buying Dogecoin?

 

  • Store/Hold Digecoin

You can safely store your DOGE in your account or your crypto wallet. If you seek to make a major investment in DOGE a hardware wallet is the best option.

  • Trade Dogecoin

You can trade DOGE for other cryptocurrencies.

  • Send Dogecoin

You can send it to anyone and anywhere with their DOGE address.