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Dogecoin, often abbreviated as DOGE, is a community-driven cryptocurrency. Unlike most other mainstream cryptocurrencies, Dogecoin was created in 2013 as a light-hearted joke by software engineers Billy Markus and Jackson Palmer. It took inspiration from the popular "Doge" meme featuring the Shiba Inu dog breed, leading to many referring to it as a “meme coin”. Despite its humorous origins, Dogecoin has grown into a popular digital asset with a vibrant community and real-world applications.
Dogecoin offers a unique blend of features that help to set it apart from other cryptocurrencies:
To understand how Dogecoin operates, it is important to understand its core mechanisms.
Dogecoin operates on its own blockchain, a decentralised ledger that records all transactions. There a range of technical elements that help Dogecoin to stand out from its competitors:
First and foremost, Dogecoin functions as a digital currency. It is possible to send Dogecoin globally, both quickly and affordably, without relying on a centralised bank or being forced to pay expensive fees.
To make transactions with Dogecoin, follow these steps:
If you are interested in buying Dogecoin, eToro offers a straightforward process to get started. Here is a step-by-step guide:
Remember, always conduct thorough research and exercise caution when investing in any digital asset!