1 Level
53 Review
-31.5 Karma
Review on Dogecoin by Ana A
internet currency
This is a novel form of cryptocurrency or digital currency. It is completely anonymous and decentralized and safe that it is born derived from litecoin. It was created by Billy Markus. In the second half of June 2014, more than 100 billion (100,000,000,000) Dogecoins had been mined. (Data obtained from internet transactions).
It can be used through a digital wallet on your phone or via the web.
Its most frequent use is to give "coins" so to speak, to people and internet users who make quality and extremely interesting posts; a new way to tip.
Due to its ease of use and simplicity, it has become the currency of the internet.
Pros
- Constantly growing popularity and credibility.
- Real goods can be exchanged for doges.
- There is no limit for those who wish to purchase these coins.
- It has an almost fixed value in dollars that is constantly increasing.
- Almost all of goods and services can be purchased online using the doges as means of payment.
- You have a Dogecoin wallet.
Cons
- Your security system is considered insufficient and easy to Hack and Crack
- Mining users cannot take advantage of specialized Bitcoins mining equipment to mine faster.
- It has suffered inflation rates.
- 4600 DOGES at US $ 1, users are forced to mine very fast and more.
- It has been used for illegal actions and acts since anonymity.
