What is Dogecoin?
Dogecoin was introduced in December 2013 and actually began as a joke currency, however it has become more and more serious over time and now has one of the largest market capitalisations of all altcoins. The dogecoin name derives from the popular Doge meme which is also featured in the Dogecoin logo.
Dogecoin is similar in many ways to Litecoin, it processes transactions much quicker than Bitcoin and there are far more Dogecoins the will be produced in comparison to Bitcoin so far there are 110 billion, this is largely what makes up the huge market capitalisation Dogecoin has.
The main use of Dogecoin however seems to be for tipping people online, e.g. if you like something someone does it is common now to tip them and because it is quite expensive to tip in Bitcoin the popular choice has become Dogecoin.
While Dogecoin may have began as a funny meme, it has become very popular in the crypto world and given the huge market capitalization it is now taken far more seriously.
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