Review on Dogecoin by Mayra Coba

Name: Dogecoin
Item: Dogecoin
Rating: 4

September 07, 2020

Dogecoin is an interesting project to trade on the Internet for its value

Dogecoin is a currency that was born as a joke and is truly based on a meme, but over time it managed to adapt and grow enough to become a serious and high-caliber project. It is a virtual currency that we can find in the current market, although its origin is different from the rest. It works under blockchain protocols and its objective is to carry out transactions and complete operations in a fully decentralized manner, so as not to depend on any government.

These are some of the features:

There is no maximum limit for DOGE coins.
Use Scrypt algorithm for mining.
Block rewards for miners were random in the beginning, now they are fixed.
The difficulty to mine it has been reduced. We can use CPU, graphics card or ASIC.

The function it has is based on Litecoin, we can access a number of exchange and transaction quickly. It is a virtual currency on the rise, for which it has a number of daily transactions and is remarkable against other currencies. Besides that Litecoin technology gives it a fast and safe operation.
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Pros

It is on most exchanges and digital wallets.
Accepted by many communities, including the smallest that are not looking for anything in return.
Commissions on this network are low.
It is good for microtransactions due to its low price.

Cons