Review on Dogecoin by Cesar Medina
Dogecoin a global icon cryptocurrency
Dogecoin had a joke or meme origin, I would say, that it is inspired by the Shiba Inu dog that in the past became incredibly popular on the Internet. She has a loyal following and a community that has achieved endless things with cryptocurrency.
In definition, it is a completely decentralized, anonymous and fully secure cryptocurrency. It has a good place in the market capitalization ranking of cryptocurrencies and uses an established technology. In addition, it is based on Litecoin, therefore, transactions here are much faster than Litecoin and Bitcoin. An undoubtedly beneficial advantage.
The architecture of this digital currency is decentralized, this means that there is no authority that controls it and it is managed by nodes that are distributed throughout the world, which are known as miners. The activity is more feasible and it is an easy cryptocurrency to mine.
In general, it is a cryptocurrency that has become quite popular most of all on social networks and has become a global icon. It has beneficial characteristics in terms of decentralization, faster and inexpensive transactions, and it is also complemented by Litecoin.
Pros
- This cryptocurrency is a world icon.
- Transactions are much faster and less expensive.
- It is based on Litecoin and this makes it support the mining process.
Cons
- Not everyone will take it seriously, so they don't want to include it in serious investment settings.
