Review on Dogecoin by Rupanshu Kumar
Doge coin is an open source decentralized peer to peer virtual currency…
Doge coin is an open source decentralized peer to peer virtual currency trading platform. This platform was first launched as a joke currency but since its launch, it has proven to be one of the most promising virtual currencies out there. The logo of this alt coin is a Japanese dog . Initially, this virtual currency was created out of a joke by Billy. He was helped by Palmer Jackson who purchased the domain name and added certain comic texts on it. When Billy saw what Jackson has done, he decided to develop the Coin and he based it on a previously existing virtual currency called Lucky coin. Like most other alt coins, it makes use of Bitcoin’s protocol with just slight modifications and advancements being made.
One feature that led to the rise and popularity of this alt coin is the fact that it carries out quick transactions – it has a block time of 60 seconds, unlike Bitcoin which has 10 minutes as its block time. Also, there is no stipulated limit to how many Doge coins will be produced. Currently, there are over 21 million Doge coins in circulation. Doge coins have been used for various purposes, they have been used to successfully purchase cars and also have been used in the Poker industry.
Updated 5 years ago
Rating has not been changed
Big things first, Binance has recently announced the listing of Dogecoin which is expected soon. With massive gains recently dogecoin stands at rank 29 at coinmarketcap with the value of 0.0035$ per coin.
With the huge community it has, listing at Binance which is the biggest exchange by far in crypto arena in terms of liquidity and volume, we may be able to see more huge gains. The Dogecoin has maintained the quality services with higher transaction rates which makes it eligible for this listing.
Pros
- Offers fast transactions as it has reduced block time.
Cons
- Not sure
