Dogecoin is a cryptocurrency platform that was created to serve as a “fun” option to Bitcoin. It was originally intended as an instant payment system that is free of any traditional banking fees. For its logo, Dogecoin uses the face of the dog from the hugely popular “Doge” meme, the Shiba Inu dog.
MoreOne of the cryptocurrency’s founders admitted that he worked with the Bitcoin code in creating Dogecoin. However, the two platforms have several differences, such as Dogecoin’s zero cap for coins in circulation. Also, while Bitcoin has a 10-minute blocktime, Dogecoin has only one minute, which means that every minute, new transaction blocks are added.
MoreDOGE, the Dogecoin currency, is popular in online exchanges, so purchasing it can bring good things to any user. You can buy your Dogecoin from a crypto exchange network like Coinmerce; simply sign-up and indicate your preferred payment method: via credit card or through the other listed options.
MoreYou want to buy Dogecoin? You can buy Dogecoin using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Dogecoin, use the search function to search for Dogecoin and click on the name. You can indicate for how many euros you want to buy Dogecoin in the right window. Below is shown how much Dogecoin you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Dogecoin when the price of Dogecoin reaches your entered value. You can also execute a repeating order. Do you want to buy Dogecoin with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Dogecoin. How To Buy Dogecoin using Coinmerce.
Dogecoin cannot be used for staking. This is because Dogecoin's blockchain uses Proof of Work (PoW). Within this consensus mechanism, mining is used. However, you do not need to be active as a miner to earn DOGE tokens. You can now activate your DOGE tokens for Earn to earn a passive income with Dogecoin. With Earn, you lend your DOGE coins to experts, who will then use the coins to generate an income. You are rewarded for your contribution, and receive new DOGE coins. These coins are immediately redeployed for Earn, so that income continues to grow. Of course, you also have the option to stop Dogecoin Earn at any time, after which you will receive your coins and earnings in your wallet.
Jackson Palmer and Billy Markus, who are both software engineers, are the co-founders of Dogecoin. In 2013, they decided to build their own cryptocurrency, one that was not like any other they know. The two wanted to come up with an alternative for Bitcoin – something fun, unique, and faster. The idea actually started as a joke, a satirical one, about the growing number of crypto coins-related fraud. How To Buy dogecoin using Coinmerce. Palmer had actually bought the Dogecoin.com domain and he added some text, a splash screen, and the Dogecoin logo into it. Markus eventually saw the site and got in touch with Palmer. From then on, the two software engineers never looked back. According to reports, in less than three hours, the two completed Dogecoin and launched it in December 2016. In a span of 30 days, their website recorded more than one million visitors.