Review on Dogecoin by Rilwan Deji
Dogecoin, a coin in its own world
Dogecoin is an open-source digital currency created by Billy Markus and Jackson Palmer as a "Joke-Curre cy" and was forked from Litecoin in December 2013.
Dogecoin differs from Bitcoin protocol in several ways, one of which is by using Scrypt technology. It has a block time of 1 minute as opposed to Litecoin's 2.5 minutes, and the total supply is uncapped (that is, there is no limit to the number of Dogecoin that can be mined). Dogecoin can be mined individually, or by joining a mining pool
Pros
- Dogecoin is easy to mine and very cheap to acquire
- It is a useful coin for exchange due to its fast transaction time
- It has little or no transactions fee
Cons
- It has very little worth or value due to the fact that it's a joke currency
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Comments (1)
October 17, 2020
Dogecoin is a meme turned token. It is still very cheap and easy to gather. Hopefully we’ll see it soar as bitcoin soared. Much attention is not really given to this token because of it’s low trading value but I’m optimistic. The token seems to have good potential
I hodl this token in anticipation of better days ahead.
