is dogecoin etherium based?

2020-12-12

Tesla and SpaceX co-founder Elon Musk tweeted again today and mentioned Dogecoin "Is Dogecoin really an effective form of currency?"

The German, head of the official development team for dog coins, is responsible for the development and maintenance of Dogecoin Core, MultiDoge and Dogecoin Android Wallet.

This morning (April 3), Elon Musk tweeted: "The value of Dogecoin may vary." Currently, Musk's Twitter identity is introduced as the former CEO of Dogecoin. In the past 20 hours, Musk has interacted frequently with Dogecoin

Another potentially surprising result is that hard and fixed supply constraints are not necessary to store assets in the value of digital assets. In the case of Dogecoin, for example, it has no fixed limits, but it is a branch of code, which means that Dogecoin is BTC-based, but BTC holders do not receive "dividends" in the new digital currency form

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Dogecoin is born

Dogecoin is born

The platform's capabilities have been properly demonstrated - a user-oriented campaign to revive the fate of the meme-based cottage coin Dogecoin (DOGE) has paid off in just a few days.

Litecoin is a point-to-point-based online currency inspired by Bitcoin and technically implemented in the same way. What makes it different from Bitcoin is that consumer-grade hardware can also efficiently "mine" to provide faster transaction confirmation (an average of 2.5 minutes). Dogecoin, also known as Dog Coin/Dog Coin, was born on December 8, 2013, based on the Scrypt algorithm. Dogecoin is the second largest virtual currency in the world after Bitcoin.

Dogecoin trend analysis In the past year, the popularity of Dogecoin has been very stable. As you can see in the figure below, the currency even gained a surge in popularity for the search term "dogecoin". In September 2018, Google users were very interested in Dogecoin. There were some less obvious peaks in July and December. At the beginning of 2019, the popularity was about the same as in the same period in 2018

In this way, the internet legend shifted from Doge to Dogecoin. On December 6th, on BitcoinTalk, a well-known Bitcoin forum, a new member named Dogecoin posted a message about a competitive coin named Dogecoin, which Chinese translates as a dog coin, cute and memorable. The title of the post is Dogecoin - very currency - many coin - wow - v1.1 Released, and the style of the teaser is in line with Doge's.

Dogecoin is a cryptocurrencies dedicated to those with real practical value like money. Dogecoin, which is known to have faster block spacing and extremely low rates for small payments and online shopping, has been adopted by some online merchants.

But Bitcoin is too expensive, so cheaper Dogecoin is popular. Just a week after it went online, it became the second-largest tip currency. They're hoping that Facebook will accept Dogecoin so that your friends can not only like it, but also tip you by the way.

DOGecoin, Chinese dog coin, was born on December 8, 2013 by Australian Jackson Palmer and American Billy Markus. Dogecoin is based on the Scrypt algorithm and has a transaction confirmation time of 1 minute, which is faster than Bitcoin. Based on the advantages of large circulation, appropriate inflation and high liquidity, DOGE is more suitable for payment, and through accurate positioning, it became the second most popular tip electronic currency on the U.S. Internet 1 week after it was launched.

The principle of joint mining is difficult to understand, but you can understand Litecoin as the main chain and Dogecoin as the auxiliary chain. Through a technology called Auxiliary Proof of Work, the mining nodes are in Wright. Blocks can also be generated on Dogecoin after the coins are generated. In this process, the mining node does not need to do any extra work, even it does not know that it is mining Dogecoin

Dogecoin overview

Dogecoin overview

Dogecoin is probably the least likely example of a successful cryptocurrencies, and its popularity is due to the enthusiasm of the user community. It starts with an encrypted joke, a token based on the Japanese Akita dog. After the Release of Dogecoin on the Bitcoin Talk forum, it became popular and now appears regularly in the top 20 cryptocurrencies.