Review on Dogecoin by Temitope Babatunde
Dogecoin, a Coin You Can Not Do Without In The Crypto Arena.
Dogecoin was founded in 2013, with Bitcoin and blockchain coming into the world arena and in its infancy then Billy Marcus and Jackson Palmer felt that there must be a coin that must be very cheap, easy to mine, and it must be easy to transfer just a coin you can play with.
Though Dogecoin doesn't has a real world usage but it is a coin to be noticed, it fall in between the first 40 in the coinmarketcap and the community behind Dogecoin continue to grow everyday. Dogecoin unlike bitcoin doesn't have a maximum number to be mined, that is a day will not come when they will stop to mine Dogecoin, though this affect its price but it will also be serving the purpose of which it was created.
Many online casinos as well as some merchants are now accepting Dogecoin as their means of payment. Dogecoin is cheaper and users use to easily give it out. It can be found in most of the bigger exchanges as well as smaller ones.
It is also good to mention that Dogecoin has become a good transfer of value, for example if you want to transfer bitcoin from one exchange to another considering what many exchanges use to take as withdrawal fee for bitcoin one may see it wise to convert bitcoin to Dogecoin first then getting to the exchange you are going change to bitcoin though that will be possible where both exchanges have Dogecoin as there tradable coin.
Pros
- It cost very little to transfer it to other users
- Has a very large community that is supporting it.
Cons
- The maximum supply has no limit, thereby limiting the increase in its price.
