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History of Dogecoin and experience

History of Dogecoin

Dogecoin was launched on December 6, 2013. Dogecoin uses a mascot derived from the popular meme of Shiba Inu's dog. What started as a small joke has now become a large crypto community. Dogecoin is also often known as a "friendly" digital currency for good reason. After its success, Dogecoin also became known for charitable donations and various positive activities.

Fans of Dogecoin call themselves Shibes! They even have their own Shibe language. The language is arranged based on broken English terms and phrases such as "such amazing", "much grateful", and "many work".

How is Dogecoin Used?

Now you know a little about what Dogecoin is, now we will discuss how to use it. The Dogecoin community has used the influence they have to carry out positive activities throughout the world.

In 2014, the Dogecoin community raised as much as 50,000 USD to help the Jamaican Bobsled team take part in the Winter Olympics in Sochi.

On World Water Day (March 22 2014), Shibes raised USD 30,000 to build a clean water well in Tana Valley, Kenya.

Shibes has also raised USD 55,000 to sponsor a NASCAR (North-American Stock Car Auto Racing) racer named Josh Wise. Wise is racing in a Dogecoin-themed car!

Dogecoin also has a large following on social media. Reddit facilitates a Shibe community that can give each other tips to members who post good content. They also use Reddit to raise charity funds. Dogecoin charity activities on Reddit are like SocksForTheHomeless and DogePizza.

The Technology Behind Dogecoin

Blockchain is a very massive digital database (also called ledger) that stores transaction information. Every transaction made using Dogecoin will be stored in the Dogecoin blockchain.

Dogecoin Digital Wallet

Software Wallet: Dogecoin offers two downloadable software.

Dogecoin Core: This wallet stores the entire Dogecoin blockchain, so it takes a long time to download. With this the computer becomes a Dogecoin node.

MultiDoge: This wallet is a light wallet so you will have enough information to use Dogecoin, only your computer will not be a full node.

Online Wallet: Online wallets like Dogechain will help you use the Dogecoin blockchain without having to store anything on your computer.

Paper Wallet: This wallet is a Dogecoin wallet that you can print and hold. This wallet is a safe way to store your Dogecoin. You can make a paper wallet through sites like the net.

Hardware Wallet: This wallet is a practical device such as USB. The price can be quite expensive. The Keepkey product costs $ 68 and the Ledger Nano costs $ 96.

Review: "doge, a digital currency with a low value and also a low shipping cost, I am happy because I used to send funds in small amounts. but for the shortcomings it is at a slow delivery speed. usually I receive approximately 1-3 minutes just enter into the wallet"

Pros & cons

  • low cost of sending funds
  • can send funds in small amounts
  • taking a long time to process the transfer of funds