Dogecoin recently suddenly became a byword. For those of you wondering what Dogecoin is, this one currency was originally a joke which later became a real cryptocurrency.
The guy who got Dogecoin suddenly hot talked about? Who else if not Elon Musk. After he and Snoop Dogg posted a tweet, Business Insider mentioned that Dogecoin's popularity and value had skyrocketed.
Learn the ins and outs of Dogecoin
What is Dogecoin?
Before going into a more in-depth explanation, we will first discuss what Dogecoin is.
Quoted from the official website, Dogecoin is a digital currency (cryptocurrency) that can be used to buy goods or be exchanged for other currencies. To use it, there is a digital wallet that can be accessed from a cellphone, computer, or website.
The concept of Dogecoin is actually more or less the same as e-wallets in general. The reason is, the Dogecoin owner's "wallet" has no physical form, it is completely digital.
Although it can be used to buy goods or exchange it for other currencies, many people use Dogecoin as a substitute for likes.
How does it work? For example, suppose there are people who create interesting content. If you want, you can give Dogecoin to show support, a kind of substitute for likes that can be used immediately for transactions.
A Brief History of Dogecoin
After knowing what Dogecoin is and what it is used for, at this point we will discuss its brief history.
At the beginning, it was mentioned that this cryptocurrency is a joke that has turned serious. Quoting Business Insider, Dogecoin started in 2013, when it was discussed by Billy Markus (software engineer from IBM) and Jackson Palmer (software engineer from Adobe).
The creation of the term Dogecoin itself departed from a combination of two topics that were hotly discussed at the time, namely Bitcoin and the “doge” meme. Even though it was not too serious at the beginning, it turned out that the enthusiasm of netizens was quite large in welcoming this idea. Finally, they came up with this idea together and Dogecoin emerged in December 2013.
How to Get Dogecoin
What is the way to get Dogecoin?
At the beginning, it was mentioned that you can be "paid" using Dogecoin for the content created. This can be achieved by joining the online Dogecoin community.
Apart from that, you can also buy it, mine, exchange it for regular money or other cryptocurrencies, and much more. There is an option to get it for free from a site called a "faucet", you just need to learn the basics of Dogecoin on that site.
If you want to learn how to buy it such as instructions for creating a wallet, buying, and more, you can visit the Dogecoin.com site to learn more.
Dogecoin pros and cons
The advantage of Dogecoin compared to other cryptocurrencies is that there is no limit to the number of coins produced in the system. However, the Wall Street Journal said, the disadvantage of Dogecoin is that it is so vulnerable to change.
This is more or less the same as other cryptocurrencies. It could be that one day Dogecoin skyrocketed in terms of value and price, then the next day it immediately fell for various reasons.
Maybe because of the news, the skyrocketing “competitor” currency, or whatever is affecting its value. In essence, consider the pros and cons before buying or even investing in Dogecoin.
Read also: Dogecoin Commercial Super Bowl, Profitable Business Investment 2021
Sometimes the hype from the outside makes us fall asleep, to the point of forgetting to consider the risks that are in front of our eyes.
That's a complete explanation of what Dogecoin is, a brief history, how to get it, and its advantages and disadvantages that can be considered.
Remember to always be wise in investing, yes.
Very interesting. Your article is so convincing that I can never stop myself from saying anything about it. You are doing a great job, thanks for sharing such a great blog. Buy bitcoins CanadaReplyDelete
I will share it with my other friends as the information is really very useful. Keep sharing your excellent work. Digital Currency ExchangeReplyDelete
I found your blog on Google and read a few of your other posts too, it is very informative and also influencing me to read more of yours. You have done an exceptional job by adding your hardwork and dedication to it. I am a big fan of art and craft. I just added you to my bookmarks and recommending your blog to my social profiles too. Just like the other budding bloggers i have started my blog, You can support me by visiting my site for more paper airplane related information and knowledge, Keep up the great work Look forward to reading more from you in the future. Thanks in anticipation.ReplyDelete
how to make a paper airplane that flies far and straight | classic dart paper airplane | how to make a good paper | nakamura lock paper airplane instructions | best paper airplane design for distance and accuracy | best paper airplane design for distance and speed | Boomerang paper airplane instructions | Zazoom internet | Eagle paper airplane | how to make a paper airplane that flies far and straight step by step | 4 aerodynamic forces | Paper airplane templates for distance | the eagle paper airplane | best paper plane in the world | How to make a successful paper airplane
This is really such a quite informative post you have published here about rental housing, as it contains some best knowledge which is essential for me. Thanks for posting it. vancouver property management company.Secure Access To Trade Bitcoin OnlineReplyDelete
You have given essential data for us. It is excellent and good for everyone. Keep posting always. I am very thankful to you. sell ethereum in indiaReplyDelete
Very good information, You have provided excellent information for us. It is valuable and informative for everyone. Keep posting always. I am very thankful to you. Read more info about Buy bitcoin CanadaReplyDelete
Excellent knowledge, You are providing important knowledge. It is really helpful and factual information for us and everyone to increase knowledge. Continue sharing your data. Thank you. Read more info about linzhiReplyDelete
Thanks for publishing such best knowledge with us. You are doing such a great job. This info is very helpful for everyone. Keep it up. Thanks.Read more info about Wealth Management NetworkingReplyDelete
Cryptocurrency changed the world as one of the best is Bitcoin. Moreover, we provide Professional Floor Repair Services Chicago IL. Our goal is to deliver economical customized solutions within time.ReplyDelete
This comment has been removed by the author.ReplyDelete
You've written a fantastic article about zulutrade. This article provided me with some useful knowledge. Thank you for providing this information.ReplyDelete
Excellent knowledge, You are providing important knowledge. It is really helpful and factual information for us and everyone to increase knowledge. Continue sharing your data. Thank you. Read more info about prediction for cryptocurrency price todayReplyDelete
check this kind of article and I found your article which is related to my interest.linzhi Genuinely it is good and instructive information. Thankful to you for sharing an article like this.ReplyDelete
Nice and essential information, this information is very useful and informative which you have shared here. It is very knowledgeable information and beneficial for beginners to develop their knowledge. Thanks for sharing it. mahindra 575 diReplyDelete
Excellent !! You are imparting important knowledge. This is really helpful and factual information to enhance our knowledge for us. Thank you. -Mahindra JivoReplyDelete
You have given essential data for us. about jasminer x4 eth It is excellent and good for everyone. Keep posting always. I am very thankful to you.ReplyDelete
smm world, This is a well-written article. This article contains quite useful data. smm panelReplyDelete
You are providing important knowledge. It is essential and factual information for us and everyone to increase knowledge. Continue sharing your data. Thanks once again for sharing it. rotavator priceReplyDelete
I just need to say this is a well-informed article which you have shared here about hoodies. It is an engaging and gainful article for us. Continue imparting this sort of info, Thanks to you. commodity market tipsReplyDelete
This information is helpful for everyone. So please always share this kind of knowledge with everyone. Thanks once again for sharing it. preet tractorReplyDelete
In order to give the best cleaning services in Ione CA people of Ione, California, and the surrounding areas a green cleaning experience.ReplyDelete
Affordable Property Buying Services In Northridge, CAReplyDelete
Home Construction Services in North Hollywood CAReplyDelete
I didn't know about this information. It's astonishing that Dogecoin started from viral memes. By the way, if you are looking for information on which platforms are best for crypto exchange then you can check this article Best Crypto Exchange PlatformReplyDelete