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permlink | lindo-osito-de-cd-y-carton-cute-little-cardboard-and-cd-bear |
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1. | required_auths | |
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required_posting_auths | [] |
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json | "[{"contractName":"tokens","contractAction":"issue","contractPayload":{"symbol":"CCC","to":"creativecoin","quantity":"45.52614"}},{"contractName":"tokens","contractAction":"stake","contractPayload":{"symbol":"CCC","to":"cami.rojas","quantity":"22.76307"}},{"contractName":"tokens","contractAction":"transfer","contractPayload":{"symbol":"CCC","to":"cami.rojas","quantity":"22.76307","memo":"Here are your claimed tokens! (22.763070 more CCC were added to CCC POWER)"}}]" |
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1. | parent_author | "" |
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parent_permlink | hive-167922 |
---|
author | crypto-guides |
---|
permlink | what-is-dogecoin-doge |
---|
title | "What is Dogecoin (DOGE)? - Dogecoin Guide" |
---|
body | "<center>![What is Dogecoin?](https://images.hive.blog/DQmWDqNxuJvY23mUPwe2DBArCo3VRLQ6VfFcgogNrMmCzv8/what-is-dogecoin.png)</center>
<br>
---
<br>
## A beginner's guide to Dogecoin, the meme cryptocurrency created as a joke which now has very real value.
<center>![Dogecoin coin, much wow!](https://images.hive.blog/DQmcw2jx15jVAMahoda8CpgcH42pCSRQPs3WjaS4Xi45Kmq/dogecoin-coin-much-wow.jpg)</center>
### Introduction to Dogecoin
---
### How does Dogecoin work?
---
### Is Dogecoin real?
#### The short answer is, yes Dogecoin is a real cryptocurrency. Let’s explore why in more detail below.
Dogecoin is real because:
* It has its own blockchain.
* It uses a cryptographic algorithm (Scrypt).
* It has its currency (DOGE, XDG, Ð).
* It uses Proof of Work (PoW).
* It uses miners.
* It is one of the first cryptocurrencies and altcoins ever made.
* In crypto terms, it has a long history.
* It's listed on the major cryptocurrency exchanges (and they don't waste resources on things that are fake or imaginary)
* It's real enough for USD billionaires (plural) to hype it and not get sued.
Those are facts that no one doubts and for us, that's enough for Dogecoin to be considered *real*.
##### Why do people think that Dogecoin is not real?
Dogecoin was made as a joke.
Literally!
Instead of solving a problem or presenting a use case, Dogecoin was made as a joke based on a meme.
According to Wikipedia, Dogecoin...
> ...is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time.
Had the joke fizzled and Dogecoin flamed out, it would have been no big deal.
Thousands of altcoins have come and gone and most of us don't know about any of those.
Yet Dogecoin found its legs and stood the test of time.
Even good jokes need to be popular, and this one just happened to take the form of a cryptocurrency.
##### Dogecoin creators embrace the joke
The creators even promote the fact that Dogecoin wasn't serious.
Developers Billy Markus ("Shibetoshi Nakamoto") and Jackson Palmer state on [dogecoin.com](https://dogecoin.com/) that "Dogecoin is an open source peer-to-peer digital currency, favored by Shiba Inus worldwide."
Yes, it’s literally dog money.
##### Preconceived notions die hard
Despite its origins as a joke and its reputation as the Godfather of Meme Coins, Dogecoin has evolved into a widely accepted cryptocurrency.
Just as the number of money professionals is small compared to the total population of money users, Bitcoin and altcoins prior to 2013 were seen as niche tools for a niche group while Dogecoin was made for the masses.
When Dogecoin shot up in popularity outside the community of fans and supporters in early 2021, it became a Top 5 Cryptocurrency.
Despite its shaky performance in 2021Q2, its market cap remains astounding.
Despite being a heavyweight in the world of cryptocurrencies, Dogecoin still has its reputation as a joke and a lightweight.
However, while most cryptocurrencies (including Bitcoin) remain terrestrial, Dogecoin is set to make [its closest approach to the moon yet](https://www.space.com/spacex-dogecoin-moon-mission).
Much wow!
---
### What gives Dogecoin value?
---
### Where do I store my Dogecoin?
---
### Dogecoin pros and cons
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### Should I buy Dogecoin?
---
### How long should I keep my Dogecoin?
<br>
---
<br>
**LeoFinance Crypto Guides.**
*Why not leave a comment below and share your thoughts on our guide to Dogecoin? All comments that add something to the discussion will be upvoted.*
*This Dogecoin guide is exclusive to [leofinance.io](https://leofinance.io/).*
Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@crypto-guides/what-is-dogecoin-doge)" |
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