Since the internet developed, many things have changed and developed, including types of transactions and currencies. Emerging digital currencies such as Bitcoin and Dogecoin. Now, what is Dogecoin? Check out the following explanation.
Have you ever heard of crypto? if you’ve heard of it means there’s a possibility that you’ve also heard about Bitcoin, right? Bitcoin is used for digital access. However, in its development, another digital currency named Dogecoin emerged.
What is Dogecoin
Dogecoin is one of the cryptocurrencies that has been developing since 2013. Dogecoin was launched on December 6, 2013 using the Shiba Inu dog mascot. Dogecoin is becoming popular on the internet as a digital currency. Dogecoin is a coin with a dog image, which was made originally out of play.
Still not clear what Dogecoin is? Once again remembered, Dogecoin is a digital currency that is finally “friendly” in the internet community because of its excellent image. In essence, Dogecoin is a virtual currency created in 2013 and is also known as a derivative of Litecoin.
Dogecoin is growing in popularity and recognition through charitable donations and participating or carrying out various kinds of positive activities for the community. Dogecoin fans call themselves Shibes!
To know the meaning of Shibes, it must be separated by syllables. Shibes when arranged in English phrases are “Such Amazing”, “Much Grateful”, and “Many Work.” In essence, Dogecoin fans are a special community that uses Dogecoin for various special activities. Here are some special events that the Dogecoin community has held.
Raising Funds for the Bosbled Jamaica Team
In 2014, the Dogecoin community raised up to USD 50,000 to help the Jamaican Bobsled team participate in the Winter Olympics in Sochi.
Building a Clean Water Well
On World Water Day, March 22 2014, Shibes raised USD 30,000 to build a clean water well in Kenya’s Tana Valley.
Shibes managed to raise up to 55 thousand USD to sponsor a NASCAR (North-American Stock Car Auto Racing) racer named Josh Wise. Wise races in acar
The official Dogecoin.com website claims Dogecoin is a cryptocurrency that can be transacted by a peer-to-peer process without a third party. Dogecoin can be used with wallets on Dogecoin computers, smartphones and websites.
Dogecoin can be used on various systems such as Windows, Mac OS X, Linux, iOS, Android, and Blackberry. Dogecoin users can shop for goods and services and can even exchange them into other currencies. Dogecoin can be exchanged into crypto or other traditional currencies such as USD.
Functions of Dogecoin
One of the functions of Dogecoin’s money is for tipping fellow internet users. Aim to appreciate the useful content that has been created.
The Dogecoin community refers to these tips as more tangible, cashable likes. So that the money can be used by creators to make transactions in the real world.