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Announcing Dogecoin

Dogecoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Based on the popular “Doge” Internet meme, Dogecoin uses a Shiba Inu dog from the Doge meme as its logo and namesake. While there are many different digital currencies available today, Dogecoin is unique in that it has a very active and friendly community, which is one of the reasons why it has become so popular.
Dogecoin was created in December 2013 by Jackson Palmer and Billy Markus. It was designed to be a fun and friendly alternative to other digital currencies at the time.
How Dogecoin Works
Dogecoin is based on the Litecoin protocol and uses a proof-of-work mining system to secure transactions. Dogecoin miners then verify and confirm these transactions through the network.
Dogecoin can be used to buy goods and services, or traded for other currencies (both other cryptocurrencies or traditional fiat currencies like US dollars).
Dogecoin is currently the fourth most popular cryptocurrency in terms of market capitalization, behind Bitcoin, Ethereum, and Ripple.
What Makes Dogecoin Unique?
Dogecoin has a number of unique features that make it different from other digital currencies:
1. Dogecoin has a very active and friendly community.
2. Dogecoin is one of the most accessible and easy-to-use digital currencies available today.
3. Dogecoin has a relatively low price point, making it affordable for everyone.
4. Dogecoin has a very fast transaction speed, thanks to its use of the Litecoin protocol.
5. Dogecoin is deflationary, meaning that there will only ever be a limited supply of Dogecoins in circulation.
Dogecoin vs. Other Cryptocurrencies
When compared to other digital currencies, Dogecoin has a number of advantages:
1. Dogecoin has a much lower price point than Bitcoin, making it more accessible to a wider range of people.
2. Dogecoin is faster and cheaper to send than Bitcoin, due to its use of the Litecoin protocol.
3. Dogecoin has a friendly and active community that is always willing to help new users.
4. Dogecoin is deflationary, which means that there will only ever be a limited supply of Dogecoins in circulation.
Dogecoin Price History
Dogecoin started out as a joke currency in 2013, but has since grown into a fully-fledged digital currency with a large and active community.
Dogecoin’s price has been relatively stable over the past few years, but has seen a sudden surge in price in the past few months. This can be attributed to the growing popularity of digital currencies and the increasing awareness of Dogecoin.
As of June 2017, Dogecoin is trading at around $0.0027.
Where to Buy Dogecoin
Dogecoin can be bought and sold on a number of cryptocurrency exchanges, such as Bittrex, Kraken, and Poloniex. It can also be bought with fiat currencies like US dollars on exchanges like Changelly. Dogecoin can also be traded for other digital currencies, such as Bitcoin, Ethereum, and Litecoin.
Dogecoin Wallet
A Dogecoin wallet is a piece of software that allows you to store, send, and receive Dogecoins. There are a number of different Dogecoin wallets available, such as the official Dogecoin wallet, MultiDoge, and Exodus. The official Dogecoin wallet is available for download on the Dogecoin website.
MultiDoge is a light weight Dogecoin wallet that allows you to store and send Dogecoins on multiple computers. Exodus is a desktop wallet that also supports a number of other digital currencies, such as Bitcoin, Ethereum, and Litecoin.
How to Mine Dogecoin
Dogecoin can be mined using a CPU or GPU. ASICs (Application Specific Integrated Circuits) are specifically designed for mining cryptocurrencies and are not recommended for mining Dogecoin.
Dogecoin can be mined solo or in a pool. Solo mining is where you mine by yourself, while in a pool you join forces with other miners and share the rewards. Mining pools typically charge a small fee (1-2%) in order to cover their costs. The most popular Dogecoin mining pool is DogeMiner.
Dogecoin’s Block Reward
Dogecoin’s block reward is 10,000 DOGE. This means that every time a block is mined (every 1 minute on average), the miner that found the block is rewarded with 10,000 Dogecoins.
Dogecoin’s Current Supply
As of June 2017, there are over 100 billion Dogecoins in circulation, with a maximum supply of 1 trillion Dogecoins. Dogecoin’s circulating supply is currently around 10% of its maximum supply.