We have been a dogecoin fan for a while now, since We first heard of it in a news article. We never heard of cryptocurrency before (or at least didn’t know the term), but it sounded interesting. When We found out what people were doing with it, We just thought it was so cool – sending money over the internet to anyone in the world for free, no matter what country you’re from? Sign us up!
Brief about dogecoin
Dogecoin is a digital currency that was created in 2013 and uses the iconic Shiba Inu dog from the Doge internet meme as its logo. Its primary purpose is to be used as an online tipping system, whereby users can reward others for valuable contributions to forums or other sites, or simply for being particularly amusing. The idea of using Dogecoin to tip people came from a post on Reddit by user Billy Markus, who wanted to create a cryptocurrency that could reach a broader demographic than Bitcoin and other existing altcoins did at the time.
Dogecoin’s main innovation lies in its fast block time and low transaction fees, which allows it to handle higher volumes of transactions than most cryptocurrencies. These features have made it especially popular as a tipping currency on Reddit, where users will give each other small amounts of Dogecoin above and beyond what they might normally leave as a comment. It has also proven useful on sites like Twitch.tv, where users will provide small tips to streamers (people who provide live or recorded gaming content) while they are broadcasting in order to show appreciation for them.
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time.