December 16th, 2017 Posted in News by Nico • No Comments
Investing in cryptocurrency Dogecoin DOGEDogecoin was initially not serious. It's a joke that led Jackson Palmer to create a room with a Shiba Inu dog in the center. Then, the farce turned into a real project and led Billy Marker, an engineer at IBM, to develop a network for the Blockchain.
Dogecoin, which uses the initials DOGE, was launched in December 2013. Each network on the Blockchain has its own role, Dogecoin is mainly used for micro-payments (less than 10 € usually). This is one of the crypto currencies most used to send tips on websites or to pay for a few cents or a few euros like online music or applications for smartphones for example. We can imagine that the main users are young people.
Advantages of Dogecoin transactions for users: they are simple, immediate, very inexpensive and secure.
It should be known that Dogecoin DOGE is closely related to Litecoin which is in the TOP 5 of virtual currencies in terms of market capitalization:
The Dogecoin uses the Luckycoin protocol which is based on the Litecoin (it is a fork, that is to say a branch).
DOGE tokens are issued at the same time as Litecoin wedges.
In 2013, it was expected that the number of DOGEs issued would be limited to 100 billion. The limit was then lifted. Today, DOGE is mined at the same time as Litecoin. Indeed, when a Litecoin block is mined, a Dogecoin block is automatically created.
Integrate the Dogecoin into your investment portfolio? Our opinion !
The founders of the Dogecoin indicated that this cryptocurrency was intended to be used and not to give rise to investments. It benefits from a very active community that carries out many DOGE transactions every day. For the little anecdote, in 2014 Dogecoin was more used than Bitcoin!
The course of the Dogecoin should not undergo very large fluctuations. If you want to speculate it is therefore, in our opinion, more interesting to invest in currencies whose prices are fluctuating. To speculate on the most prominent crypto currencies, visit the market's leading platform by clicking on the link below:
