Review on Dogecoin by Olugbenga Ajayi
dogecoin. The overview
Dogecoin is the first decentralized exchange to integrate flat currency, making buying and selling of the coin possible without the need to consult a broker or banker. It uses Bitcoin algorithm witha wife range of applications for different user. In terms of market capitalization,BuDogecoin is greater than many other crypto currencies. SOme of the major attractive or selling point of dogecoin are fast confirmation times, lower transaction fee and anonymity. The use of mascot on its pits page also help retains the netizen. Dogecoin is often stored in wallet program which can be desktop, mobile or browser based. Dogecoin is most used for tipping internet community either for adding content or as means of payment on various business as long as the site accepts it.
Pros
- It has faster confirmation times
- It has lower transaction fee
- Has lower value which helps in tipping and gaining currency
- Dogecoin is more approachable because of its comic presentation
- Dogecoin has a devoted community
Cons
- It has lesser value
- It has lesser security
- It is not profitable to mine
