Review on Dogecoin by Faruk ELHAKAN
What is Dogecoin?
Although it emerged from an internet deer and started its life with a joke function, DogeCoin, which became the world's most popular crypto currency in terms of transaction frequency in a very short time, definitely deserves to be mentioned.
If there is something harder than telling a foreigner to cryptocurrencies about Bitcoin, it is to explain Dogecoin and why it has become so popular, what it does, and why it is such an important milestone for the future of cryptocurrencies. Although the coin in question emerged from an internet deer and started its life with a joke function, it definitely deserves to be mentioned as it has become the world's most popular crypto currency and altcoin in terms of transaction frequency in a very short time.
Think about it, someone who likes a post on the internet, for example on a platform like Reddit, sends you 2020 Dogecoin. (Considering when it first appeared, maybe not even $ 1) If you have no interest in the matter, you probably wonder first to download a Dogecoin Client and then open a wallet, transfer your coins from one place to another, securely store them, send them to others and It's not even a matter of learning to mine. You can see that you may have acquired an amount of information about cryptocurrencies that would take days to learn by reading and researching, in hours, with almost no expense and risk, and effortlessly, even with fun.
From this point on, using another cryptocurrency is now much easier and more accessible for you. This is perhaps the biggest impact Dogecoin has had on all cryptocurrency formation and culture, undoubtedly a positive one.
Pros
- low transaction fee
- healthy investment
- Available on almost every exchange
Cons
- Ranked 32nd
