Know specifics about Dogecoin, Dogecoin price and buy Dogecoin with ease Dogecoin was floated by a programmer named Billy Markus in 2013 who wanted to create a fun cryptocurrency. He endeavoured to create a cryptocurrency with greater reach than Bitcoin and other cryptocurrencies without any controversies that plagued cryptocurrencies at that time.
At present, Dogecoin is a genuine cryptocurrency that is actively traded on major platforms and dogecoin price is also rising owing to growing enthusiasm about cryptocurrencies. If you wish to buy dogecoin, you can easily do so using a cryptocurrency exchange that supports dogecoin like CryptoIdol.
Dogecoin started as a fun project for Billy Markus who wanted to create a cryptocurrency alternative to Bitcoin. He contacted Jackson Palmer- the person who created Dogecoin logo and purchased Dogecoin domain. Billy started working to create a cryptocurrency based on another cryptocurrency, Luckycoin that was in fact based on Litecoin. The fun feature related to Dogecoin was its mascot- an internet meme with the image of the Shiba Inu breed dog.
Dogecoin is based on Litecoin framework and uses scrypt technology in proof-of-work algorithm. Launched officially in Dec 2013, Dogecoin capped the production at 100 billion Dogecoins. But later Dogecoin expanded its network and it was decided that Dogecoin production would be infinite in the future.
Dogecoin benefited from faster initial coin production schedule and by mid of 2015, 100 billion coins already went into circulation. With a bustling online community and rise in demand for alternative cryptocurrencies, Dogecoin prices surged and it became an essential cog in the cryptocurrency universe with large-scale acceptance.
Dogecoin, owing to huge fan following of its mascot, has seen a spike in its prices with rising demand. In fact, people began using Dogecoins as a tipping system on the internet. These implications and usage gave Dogecoins a legitimacy, leading to a rise in Dogecoin prices over the years. As dogecoin is publically traded, keeping a track record of live dogecoin prices can be quite hard. But you can easily know dogecoin prices with CryptoIdol real-time price charts.
Started as a joke cryptocurrency, Dogecoin has become a serious player in the cryptocurrency domain. It has huge growth prospects in terms of value with growth in demand. If you wish to trade dogecoin for profit, you can easily buy Dogecoin through a trading account at CryptoIdol. Using intuitive trading features, you can check live dogecoin prices and place your dogecoin buy and sell orders in minutes.
Dogecoin has a very fast block time of 1 minute only.
Dogecoin is well established and has been there for many years.
The liquidity of Dogecoins is increasing steadily. Thousands of Dogecoins can be sold without crashing the market.