Review on Dogecoin by francis fernandez
Dogecoin: the currency of social networks
Dogecoin is a cryptocurrency, initially created as a game in order to consolidate a large number of followers. In the beginning, the mining of this coin was limited to 100 billion coins, but in 2014 one of its founders eliminated this limit in order to reduce inflation. Despite its beginnings based on the joke of its developers; This platform has managed to position itself in the crypto industry by consolidating a large number of users and fans of its applications and social networks; being the second most popular in this field. Among its achievements it is also listed as the platform with the highest volume of daily transactions (40,000), the fastest in processing transactions (60 seconds), the cost of its operations is one of the lowest.
Pros
- The processing of your operations is carried out in a shorter period of time unlike other platforms in the cryptocurrency market.
- Your transaction processing fee costs are one of the cheapest
- Its popularity in social networks makes it a creditor of a permanent position in the crypto industry
Cons
- The issuance of this cryptocurrency is unlimited; which makes it susceptible to inflation.
- The security of your transactions is relative; having been the subject of fraud in the past.
