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What is Dogecoin? Is it useful?

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What is Dogecoin?

Dogecoin is a cryptocurrency that was created in 2013 and started being used in December of the same year. It was initially intended as a joke currency on the internet, but became very popular. In January 2014, it was the most-tipped currency and the fifth most-traded currency by volume. It was first used by Jackson Palmer, a member of Adobe Systems, and Billy Markus, who was at the time a software engineer at IBM. The symbol of Dogecoin is the Shiba Inu dog from the Doge Internet meme. It is based on the Bitcoin consensus-based blockchain and it is used similarly. The Dogecoin wallet is available for free on Android, Blackberry and iOS.

Is Dogecoin being used?

While some cryptocurrencies are more used than others, it doesn’t mean that they are more valuable. They are all valuable in different ways. The more a currency is used, the more valuable it is. It’s easy to see why Bitcoin is valued so highly. Despite the fact that it has some problems with its technology, it has been used in businesses and homes around the world. This is because they are accepted by businesses. While this is a good thing, it creates an imbalance. Dogecoin and many other currencies are not accepted by businesses, but they can be used for micro-transactions and other things. It’s important to remember that the value of coins is determined more often by how well a coin works rather than the number of businesses that accept it. (At least in the long run.)

Dogecoin vs Bitcoin

Dogecoin is the clear underdog vs the well-known and more accepted Bitcoin. There are websites and shops where you can pay with Dogecoin, but the reality is that it’s a rather less popular Crypto Coin. Many people use Bitcoin to pay for anything from groceries, online shopping, trading or even gambling.

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Marco Garcia

Marco Garcia

About the author of this post: Marco has been a trader for many years and enjoys blogging about brokers and forex trading.

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Last Update: August 2022