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What is Dogecoin? Different between bitcoin & Dogecoin, What makes Dogecoin different?

What is Dogecoin? Different between bitcoin & Dogecoin, What makes Dogecoin different?




    Introduction


    Dogecoin is a cryptocurrency like bitcoin, which has seen its popularity increase in recent years. 

    However it is very different from bitcoin, as it is much simpler to mine, uses a different algorithm, and has only one goal. 

    Dogecoin was created with the intention of making it easier for people to give to others with minimal transaction fees. For this reason it was named "Doge".


    1. What is Dogecoin?


    Dogecoin is a cryptocurrency and a form of digital money. It was created by programmer Billy Markus from Portland, Oregon, in December 2013, who then introduced it as a "joke currency" with a lack of development plans. 

    The currency was originally intended to be a parody of the then-popular bitcoin, but the coin quickly gained a large following online and real-world attention from its incorporation into a number of online communities and transactions.


    2. What makes Dogecoin different?


    Dogecoin is an open source peer-to-peer digital currency that can be easily sent online. It was created by Billy Markus in December 2013. 

    Dogecoin is based on the popular Doge meme, which is a picture of a Shiba Inu with a winking face. The Dogecoin symbol is a picture of a smiling, cartoon dog with a red tongue. 

    Dogecoin is a relatively new cryptocurrency and is considered to be more fun and less serious than Bitcoin. 

    Dogecoin is the world's first distribute digital currency, a new form of currency that is not controlled by any central government.

    × Dogecoin has several characteristics that set it apart from Bitcoin:

    * It has a faster block generation time of one minute instead of ten minutes.

    * The total number of coins in circulation is 100 billion.

    * With no mining rewards, transaction fees are reduced.

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    3. Different between bitcoin and Dogecoin


    Bitcoin and Dogecoin are two crypto, which are digital currencies that can be used to purchase goods and services on the internet. Bitcoin was introduced in 2009, while Dogecoin was introduced in 2013.

    Dogecoin is a crypto based on the popular "Doge" internet meme. The currency has a strong focus on reaching a broader demographic than bitcoin, with large portions of their marketing materials directed at newcomers to cryptocurrency.

    Both Bitcoin and Dogecoin use cryptography to secure transactions and control the creation of new coins, but there are some differences between them:

    -Bitcoin has a hard limit of 21 million coins that will ever be created whereas Dogecoin does not have such limits.

    -The number of coins you get for mining depends on how powerful your computer is for Bitcoin whereas


    Bitcoin prices      Vs     Dogecoin price                      

    2010: $0.05.                          Nil                            

    2011: $1.                                Nil            

    2012: $4.                                Nil

    2013: $27.                           introduced

    2014: $640.                       $0.00023423             

    2015: $234.                       $0.00012270             

    2016: $403.                       $0.00022220            

    2017: $1,027.                     $0.0021114                     

    2018: $10,007.                   $0.0023005                    

    2019: $3,586.                     $0.0023264                             

    2020: $9,862.                     $0.0048481                      

    2021: $50,000.                   $0.32549                         

    2022: $41038.                      $0.14029                          

    Conclusion.


    Dogecoin is a crypto that was created as a joke. It was never meant to be taken seriously and was meant to be used as a fun way to make payments. 

    However, it has grown into a cryptocurrency that is worth billions of dollars. It has a very friendly community and is very easy to use. 

    It has a lot of similarities to Bitcoin and has a lot of the same benefits. In the end, both cryptocurrencies are worth considering.


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