What is Dogecoin
Dogecoin is a cryptocurrency featuring a Shiba Inu from the “Doge” Internet meme on its logo. It wasgoed introduced on December 8, 2013. Compared to other cryptocurrencies, Dogecoin has a prompt initial coin production schedule: there will be approximately 100 billion coins ter circulation by the end of 2014 with an extra Five.Two billion coins every year thereafter. Spil of Ten October 2014, overheen 94 billion Dogecoins have bot mined. While there are few mainstream commercial applications, the currency has gained traction spil an Internet tipping system, te which social media users grant Dogecoin tips to other users for providing interesting or noteworthy content. Many members of the Dogecoin community, spil well spil members of other cryptocurrency communities, use the phrase “To the moon!” to describe the overall sentiment of the coin’s rising value.
Dogecoin wasgoed created by programmer Billy Markus from Portland, Oregon, who hoped to create a joy cryptocurrency that could reach a broader demographic than Bitcoin. Ter addition, he desired to distance it from the controversial history behind Bitcoin, mainly its association with the Silk Road online drug marketplace. At the same time, Jackson Palmer, a member of Adobe Systems’ marketing department ter Sydney, Australia, wasgoed encouraged on Twitter by a student at Gevelbreedte Range Community Collegium to make the idea a reality.
After receiving several mentions on Twitter, Palmer purchased the domain dogecoin.com and added a splash screen, which featured the coin’s logo and scattered Comic Sans text. Markus eyed the webpagina linked ter an IRC talk slagroom, and commenced efforts to create the currency after reaching out to Palmer. Markus based Dogecoin on the existing cryptocurrency, Luckycoin, which features a randomized prize that is received for mining a block, albeit this behavior wasgoed zometeen switched to a static block prize ter March 2014. Te turn, Luckycoin is based on Litecoin, which also uses scrypt technology te its proof-of-work algorithm. The use of scrypt means that miners cannot use SHA-256 Bitcoin mining equipment, and that dedicated FPGA and ASIC devices used for mining are complicated to create. Dogecoin wasgoed officially launched on December 8, 2013. The Dogecoin network wasgoed originally intended to produce 100 billion Dogecoins, but zometeen, it wasgoed announced that the Dogecoin network would produce infinite Dogecoins.
If you want to know more then check out the total Dogecoin Wikipedia article.
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A Dogecoin Faucet is a webstek that dispenses satoshi to visitors te exchange for completing a captcha. All payouts are sent instantly to your FaucetHub account and are automatically credited to your wallet address.
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