Dogecoin has become one of the fastest growing forms of currency in the world. A great deal of attention has been paid to this new form of money, and rightly so. The Internet has made it easier for Dogecoin to find recognition, and there are now hundreds of retailers offering online dogecoin for sale. If you’re thinking about getting started with this fun new form of money, you’ll need a Dogecoin wallet. This is where Dogecoin transactions are carried out.
What is Dogecoin? Dogecoin is a newer form of alternative currencies designed by computer programmers Billy Markus and Jackson Palmer. Dogecoin uses the symbol of the Shiba Inu Dog from the “Dogs” Meme as its mascot and namesake. Unlike most other forms of alternative currencies, this one is backed not only by a virtual currency but also by actual dog fur. A single unit of dogecoin is divided into 100 billion Doge (DOG) coins which are printed on a proof metal plate.
What makes dogecoin stand out? Dogecoin was created in response to the surge in popularity of both Litecoin and Peercoin. By taking some of the characteristics of both of those competing currencies, dogecoin was created to accomplish some goals that were missed with either of them. For instance, Litecoin did not have a logo, so it had to be created by graphic artists. With dogecoin, however, the owner of a dogecoin wallet can choose an appropriate image for their currency.
So how does dogecoin differ from other currencies? Dogecoin’s branding is its fun alternative name. It is an old word coming out of Africa, originally used to describe the begging bowl of a donkey. The word has come to represent the idea that a dogecoin is simply an inked representation of a dog. As a result, dogecoin have been called “necklace-dogs” and “dancing dogez” since they have first been used as an informal form of currency. They make great gifts and fun gifts for birthdays and other special occasions.
Dogecoin has taken off somewhat recently as a valid alternative to Litecoin and other top three currencies. Litecoin was created by an American company and has had some setbacks in the past. Doge, on the other hand, has managed to ride the wave of popularity generated by dogecoin on the Internet. Now dogecoin has been listed on many major trading platforms and the doge has even moved into the top five of the best performing tokens on major cryptocoins charts.
Dogecoin has also made the leap into the world of big time advertising as well. Earlier this year dogecoin was the subject of a viral blog post in which the author dusted a doge at the airport for every five trips he makes using the laptop. This campaign brought about new dogecoin users and the price increased rapidly as a result. Other retailers have begun to offer doge-themed merchandise for purchase including mugs, t shirts, hats and more.
The dogecoin tipping frenzy is not unique to the virtual currency. The British dogecoin enthusiast Derren Brown also has made the rounds on the Web with his dogged campaign. The campaigns are just another piece of the puzzle for understanding dogecoin and the value it can bring to the future of cryptocoins. If you are interested in learning more about this exciting new trend, please take the time to browse Brown’s site. He will provide an in depth look at the currency and how it can be used to your advantage.
It’s interesting to see the rapid growth that dogecoin has had this year. With competition coming in like hot fire from both big companies such as Google and smaller startups such as Dooney and Bourke, it’s easy to understand how dogecoin has managed to break free from its competitors. As the community grows, dogecoin has shown itself to be a valuable asset and a solid way to enter the exciting world of Cryptocurrency trading. It is an exciting future for all who grasp the dogecoin mindset.