Review on Dogecoin by Syed Adnan
It's not a joke! Dogecoin is a cryptocurrency.
The main thing that sets apart from other cryptocurrencies is deflationary, inflation rather than cryptocurrency. Bitcoin and many more cryptocurrencies are designed with a hard supply cap of currency. The potential problem with this is that once the cap is reached, it may no longer be profitable for the mineral to continue the system. This either leads to unacceptably high fees to encourage sailors or to encourage very long transaction times because there is no incentive to process network transactions.
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The creator tried to solve the problem so that the miners were always rewarded and therefore always encouraged to buy more coins.
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Pros
- One of its main benefits is that it is significantly faster than other altcoin.
- Due to its low price, it is a good choice for small transactions. It has a small number of currencies that are uniquely priced, which makes it more accessible with fewer entry barriers.
- It has a small transaction fee which makes it more suitable for regular use.
- Due to its low quality it has emerged as an 'online tipping currency' or gaming currency, making more people join the community.
Cons
- It is a currency of low value and is relatively less stable and mature than other coins in the market.
