Review on Dogecoin by Jack Davies
dogecoin
This currency is one of the top currencies in terms of coinmarketcap site ranking, but the price of each coin is very low. For those who do not know the structure of these rankings, this may seem strange, but the reason is that the total number of Coins in the Dogecoin network is much higher than, for example, bitcoin and ethereum.
For example, the price of bitcoin is much higher than doge, but the number of active bitcoin coins is only 18 million, but right now there are about 125 billion doge! More interestingly, there are no restrictions on the production of new dogecoins, and this number can increase indefinitely.
Due to the low fee of this currency, I prefer it to transfer money with dogecoin blockchain over bitcoin and ethereum.
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Pros
- super low fees
- Proper transfer speed
Cons
- Generating the number of coins never ends and therefore long-term investment in doge can be unprofitable.
