Category : Faucets | Sub Category : Free Dogecoin Posted on 2022-07-13 14:19:36
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What is Dogecoin?
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Dogecoin is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.
Dogecoin is a cryptocurrency featuring a likeness of the Shiba Inu dog from the "Doge" Internet meme as its logo. Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined. While there are few mainstream commercial applications, the currency has gained traction as an Internet tipping system, in which social media users grant Dogecoin tips to other users for providing interesting or noteworthy content. Dogecoin is referred to as an altcoin.
Read more: Dogecoin History?
Where Buy Dogecoin?
The first essential step in buying Dogecoin is, well, knowing where to buy Dogecoin. Unfortunately, not every cryptocurrency exchange has Dogecoin. A cryptocurrency exchange is basically a place where people can transfer and exchange different kinds of currency (be it cryptocurrency or dollars). Best way for you is first buy bitcoin and exchange it in cryptocurrency exchange for dogecoin.
Read more: Where Buy Dogecoin and more?
Storing your Dogecoin?
Storing your Dogecoin. If you want to buy Dogecoin or you already have some Dogecoin you have to find some safe place where you will put your Dogecoin. You have a lot of option’s. It depends on your idea of what you want done with your Dogecoin. Most common option is putting your Dogecoin into a software wallet. This option is relatively safe but not very practical. Second most common variant is to put your Dogecoin into some cryptocurrency stock, where your Dogecoin is not secured as it would be in a software wallet. But, you have more options on what you can do with your Dogecoin. You can sell your Dogecoin. You can buy more Dogecoin. You can exchange your Dogecoin. Or, you can lend your Dogecoin and make some profit off of them. It only depends on you. Newest way to storing your Dogecoin, is to put your Dogecoin into a hardware wallet. Be careful, because there are differences between hardware and software wallets. In a hardware wallet, your Dogecoin is absolutely safe. No one could steal your Dogecoin unless you lost your hardware wallet. Hardware wallets are technologically similar to a flash drive. If you damage or destroy this hardware wallet you will lose all of your Dogecoin. Be careful as this option is not practical. If your main concern is to gain more Dogecoin, we recommend you store it on your account here because you will earn yearly interest of 6%. But it only depends on what type of variant is best for you
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