Sanjeev Sabhlok's notes on technology, hardware, gardening

Alt-coin DOGE

First meme-based coin

Web Link Dogecoin (DOGE)

Dogecoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Think of it as “the internet currency.” “Doge” is our fun, friendly mascot! The Shiba Inu is a Japanese breed of dog that was popularized as an online meme and represents Dogecoin. Dogecoin sets itself apart from other digital currencies with an amazing, vibrant community made up of friendly folks just like you.

Though it might seem funny, Dogecoin was rather something that grew at a good pace because it combined Bitcoin with Doge meme and even with the low price of $.0011, it was able to get a market cap of $59.3 million.

Brief overview

Dogecoin is a decentralized, peer-to-peer digital currency that enables to you to easily and quickly send and receive money online. It is based on the meme “Doge” (an online popular meme based on the Shiba Inu dog breed). Dogecoin has an active community of around 77 000 people.

What makes Dogecoin different?

Dogecoin started out as a “Joke” cryptocurrency, but as the community grew, it reached a capitalization of $60 000 000 USD by January 2014.

Compared to other cryptocurrencies, Dogecoin has a fast coin production schedule that reached 100 billion doge in circulation by mid 2015, and 5.256 billion new dogecoin in circulation every year after.

Dogecoin has a tipping system developed by its community which enables the users to tip Doge to other users. This opens the opportunity to tip Doge to the people they found helpful.

Much of the Dogecoin is run by its community, and so are the many Fundraisers. The doge community have raised money for the 2014 Olympics, water for people in need, milk for the homeless, and more!

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