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Cryptocurrencies

What Is $DOGE?

What Is $DOGE?

Dogecoin (DOGE) is based on the famous Internet meme “doge” and highlights a Shiba Inu on its logo. Oregon and Jackson Palmer from Sydney, Australia; Billy Markus from Portland, built the $DOGE and, in December 2013, was forked from Litecoin. The creators of Dogecoin planned it as a joyful, fun cryptocurrency with huge attraction beyond the core Bitcoin users, as it was in accordance with a dog meme. Elon Musk, the CEO of Tesla, posted the most famous and popular tweets on social media that Dogecoin is his favorite coin.

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How Do You Mine Dogecoin?

Dogecoin is different from Bitcoin’s proof-of-work protocol in many ways, one of which is utilizing Scrypt technology. The altcoin even has a block time of 1 minute, and the complete supply is uncapped, indicating a limitless number of Dogecoin that can be mined. A miner of Dogecoin can mine the digital currency on Mac, Windows, or Linux and with a GPU. From 2014, you can even mine Litecoin in the similar procedure of mining Dogecoin, as the processes were amalgamated.

What Can Dogecoin Be Used For?

Dogecoin has been utilized mainly as a tipping system on Twitter and Reddit to share quality content or reward the creation. By participating in a community, you can receive tipped Dogecoin that utilizes digital currency or receive your Dogecoin from a Dogecoin faucet. It is a website that will provide you with Dogecoin in small amounts for free to introduce the currency. You can start communicating in Dogecoin communities.

How Can You Buy Dogecoin?

You can buy, trade and store DOGE at LCX Exchange. There are several trading pairs available with $DOGE / EUR and $DOGE/ $LCX.

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