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Review on Dogecoin by Susanne Cole
Dogecoin can be acquired through faucets and micro-wallets and can be sent and…
Dogecoin can be acquired through faucets and micro-wallets and can be sent and received without having to pay large fees. As a result, Dogecoin is easily exchanged with other low-tier cryptocurrencies. This is a good digital currency through which newbies can get better acquainted with the rules of the crypto space. I think it is worth investing in it
Pros
- Widely accepted on exchanges; a great tool to move between other crypto-currencies and fiat FAST while keeping fees almost non-existent. (Try doing that with ANY other coin, they either don’t have the stability, reputation, volume or their fees are CONSIDERABLY higher)
Cons
- It has a block time of 60 seconds that is much faster as compare to other cryptocurrencies and the difficulty retarget time is four hours. It uses scrypt technology as a proof-of-work scheme. Dogecoin is an inflationary coin.
