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Review on Dogecoin by Torsten Maur
Dogecoin is a decentralized, peer-to-peer digital currency. It enables you to…
Dogecoin is a decentralized, peer-to-peer digital currency. It enables you to easily send money online. Think of it as "the internet currency. It featuring a likeness of the Shiba Inu dog from the "Doge" Internet meme as its logo. Dogecoin is casual in its approach but is gaining wide acceptance for online transactions. It is a decentralized virtual currency and uses peer-to-peer technology to carry out its operations.
Pros
- Superfast transactions, no network congestion & transaction fees of 1 dogecoin (about $0.01 USD!) Designed to be actually used day to day. You could buy a cup of coffee without waiting till the shop closes for a > confirmation, and also without paying anything close to the cost of the coffee in fees
Cons
- Dogecoin Core on the other hand, downloads the entire blockchain. Its initial sync is significantly slower compared to MultiDoge, and it takes up a lot more space. less stable, less mature, not widely accepted, less secure
