What is Dogecoin? | It's Development Phase | Born | Causes | Applications | Charity Events | Market Place 2021

What is Dogecoin?

Dogecoin Icon's Picture.

Dogecoin, was born on December 8, 2013. It is a virtual currency based on the Scrypt algorithm.

Digital currency is a global currency initiated by the private sector. It does not belong to a certain country but belongs to all mankind. It has the advantage of fast global transfers. For example, money can be sent from the country to the United States within a few seconds, and the cost is low, and the total amount It will not be issued randomly like legal currency, and the total amount is relatively stable. After the Dogecoin system went online, thanks to the help of reddit (the Doge content on this website was horribly overflowing), the traffic showed an explosive growth. However, within two weeks, Dogecoin has launched a dedicated blog and forum.

In 2017, CCTV announced a list of 350 MLM organizations, including Litecoin, Ripple, Dogecoin, and Infinite Coin in the list.

On May 9, 2021, DOGE (Dogecoin) had the largest intraday drop of more than 35%, and finally closed down 25.08%.

Development Phase

As of June 9, 2015, the market value reached 100 million. Since there is no pre-mining, Dogecoin distribution is fair, charity and rewarding culture is popular, and the user development is amazing and rapid.

Dogs currency number of clients base 160 Wan June 9, 2015, is litecoin more than five times; the client number of active address, Bitcoin 19.6 million, or dog coins 83000, litecoin 11000; foreign twitter number of concerns 150,000 Multi-users are 1.7 times that of Bitcoin and 6 times that of Litecoin . Facebook’s number of likes is the same as Bitcoin, far surpassing Litecoin. The daily real trading volume ranks among the top three virtual currencies for a long time, which is still not the result achieved before the big platform. The biggest value in the corporate Internet era is the huge number of users. It took a year for the Dogecoin user base to reach one-third of the number of Bitcoin users and four times that of Litecoin.

In 2017, CCTV announced a list of 350 MLM organizations, including Litecoin, Ripple, Dogecoin, and Infinite Coin in the list.

On May 8, 2021, U.S. time, "Dogecoin Godfather" Musk made a statement on the Saturday night live show of the veteran entertainment variety show in the United States. In show, he admitted that Dogecoin was a "scam." On May 8, the price of Shiba Inu coins soared by more than 251%, and the transaction volume reached 40.3 billion yuan. On May 9, DOGE (Dogecoin) had the largest intraday drop of more than 35% and finally closed down 25.08%.

On May 9, 2021, the "Geometry" Energy Company announced the "Dogecoin" funding plan.

Dogecoin is born

This may be the most bizarre story of 2013

An Australian brand and marketing expert, and a programmer in Portland, Oregon, USA. These two people had never known their lives before, but they successfully combined the two most popular products- Bitcoin and Doge. For Americans, Doge is similar to the popularity of local tyrants in China). As a result, Dogecoin was born. And people are actually using it.

Growth Process

Jackson Palmer of Adobe's Sydney marketing department has been studying electronic money. After seeing Doge, he had a whim and posted a tweet: Investing in Dogecoin is the next big opportunity.

He received a lot of replies shortly afterward, all encouraging him to continue to finish this idea. And a week later he bought the domain name of Dogecoin.com, which was included in Reddit, Doge's base camp .

At the same time, in Portland, Billy Markus has always wanted to create his own electronic currency. He hopes that this currency can meet the needs of more people instead of serving speculators like Bitcoin. Two days after the domain name was registered, he came across this website by accident and suddenly felt that he had found the ownership.

So he sent a tweet to Palmer, expressing the intention of cooperation. Before Palmer responded, he began to rearrange the source code of Bitcoin and added elements of Doge Meme.

Then the two hit it off, and Dogecoin was born about a week after Palmer's half-joking tweet was posted.

With the help of reddit, this website immediately became popular. However, in two weeks, Dogecoin has had a dedicated blog and forum, with a market value of 8 million U.S. dollars, and it once became the seventh largest electronic currency in the world.

How does it do it?

The answer is "tips." If you perform a pretty good joke on the Internet, people are usually willing to tip you through electronic money. In the United States, where tipping culture is prevalent, this kind of thing is easily recognized.

But Bitcoin is too expensive, so the cheaper Dogecoin is popular. It has become the second largest tip currency after only one week of launch. They are hoping that Facebook can accept Dogecoin so that your friends can not only like, but also tip you by the way.

Of course, Dogecoin is so popular for more than that.

Technically speaking, Dogecoin is actually a faction with Litecoin. They are based on the Scrypt algorithm. Like Litecoin, its transaction process is more convenient than Bitcoin, and there are more of them. Dogecoin can mine at most 100 billion, and Bitcoin is 21 million.

Palmer also mentioned that Dogecoin is not like Bitcoin. People are not participating for speculation. It is a way of expressing sharing and gratitude. 

Cause Analysis

There are three main reasons why Dogecoin (Dogecoin) has become popular all over the world:

First, it has a good cultural background-tipping culture. Dogecoin, as an electronic currency, was born on December 12, 2013, and it became the second largest tip currency in just one week after it went online. Many people participate in Dogecoin trading, not for speculation, but as a way of expressing sharing and gratitude.

Second, it has a good humanistic background-charity culture. Dogecoin has been widely used in charity. After helping the "Jamaica sled team" and three Indian athletes to embark on the Sochi Winter Olympics, the "Doge4Kids" charity fundraising activity, all the proceeds were donated to 4 Paws For Ability Charity. It is understood that the Dogecoin Fund has sponsored another $30,000 to solve the water crisis in Kenya. This has to be said to be another commendable charity event done by Dogecoin. In addition, according to news, the Dogecoin Fund has recently funded a racing competition.

Third, the popularity index is relatively high. There are data showing that the reddit dogcoin community has more than 75,000 followers, far surpassing LTC, and BTC has only 120,000 followers in five years. There is a relatively wide range of applications that support a large number of foreign websites that accept BTC payments while also supporting Dogecoin payments; a proof of transaction volume. The trading volume of Dogecoin on the C website has been ranked first since its launch, surpassing the trading volume of all other altcoins including Litecoin. Large trading volume and good liquidity are an important manifestation of the existence of virtual currency.

Dogecoin application

Facebook consumes apps with Dogecoin

Two rewarding applications have been approved by Facebook. The two apps are Doge Tipping App and Multicoin Tipping App. The former is limited to Dogecoin, and the latter includes 14 altcoins including Dogecoin, which can reward comments on Facebook. This is not the first time that electronic money has appeared on Facebook, but this is indeed the first time that a dedicated reward service software has logged onto this platform.

Alejandro Caballero, the head of the software development team, called these two applications a "double surprise", and the team is now working hard to introduce more new currencies into the field. The Dogecoin community appreciated this event and gave Dogecoin as encouragement.

Although Facebook approved these two applications to go online, users should pay attention to the relevant restrictions. The reward function is limited to approved groups, which can avoid user confusion, but groups can be added so in fact all Facebook Users may receive tips.

In addition to launching on Facebook, the development team has more ambitious plans to develop a global reward platform for WordPress, Drupal, Joomla, Xenforo, PHPBB, etc. Dogecoin is a popular reward tool, but it is restricted by some platforms. Login on Facebook this time will bring more users to Dogecoin.

Twitch accepts Dogecoin

On October 22, 2014, Twitch, a real-time streaming video platform for video games announced on its official twitter that the company has accepted dogecoin as its payment subscription method. It is worth noting that Twitch was successfully acquired by Amazon at a price of US$970 million at the end of last month, making it the largest acquisition in Amazon's history.

Twitch was established in June 2011, mainly to provide real-time live video streaming services for game players. Twitch said the company has more than 55 million monthly active users.

Dogecoin High School Esports League

The first game of the U.S. High School E-Sports League (HSEL) will have 50k Dogecoin as a bonus,

The game chosen by the league is "League of Legends" (translated as "League of Legends" in China), which is a very popular free online game. The league was held between September 20 and November 8, 2014, followed by the week-long playoffs. November 22, 2014 will be the time for the finals.

More importantly, you can follow the Live of this game on twitch.tv! In the competition on September 20th, 50,000 Dogecoins will be issued. As more and more people begin to pay attention, the word "doge will also spread. This sounds like an interesting experiment.

USD 446,000 in financing

According to news on January 6, dogetipbot, a popular reward tool for dogecoin, has raised nearly $446,000 in the seed round.

This round of financing was led by Blackbird Ventures, a Sydney-based venture capital group. Other investors include angel investors Scott and Cyan Banister.

It is reported that Dogetipbot is a tool that allows users to make small dogcoin rewards. The reward tool supports Reddit, Twitter and Twitch platforms. According to Dogetipbot, the service has processed more than 6.5 so far. Billion transactions

International payment platform GoCoin announces plans to support Dogecoin

This move means that merchants using the platform will soon be able to accept Dogecoin payments, and GoCoin already supports bitcoin and litecoin.

GoCoin founder and CEO Steve Bolegarde said: "We have carefully observed all the latest altcoins and chose dogecoin as a viable currency. To a large extent, it comes from the power of its society." By integrating dogecoin into our platform, GoCoin is one step closer to allowing merchants to accept any digital currency, increasing the ability to sell and expand new customers. "

"We expect to be able to dogecoin in real time and in the coming weeks," he added.

American Xidax becomes the first company to support Dogecoin payment

[Global Network Comprehensive Report] According to a report on the US "Forbes" website on March 26, Xidax, an advanced personal computer generator company in Salt Lake City, Utah, became the first generator company to use Dogecoin as a payment currency. Due to the company's previous Bitcoin payment success, at the request of Dogecoin users, Xidax's Dogecoin payment was also born.

Large gift card redemption website supports DOGECOIN purchase

As more and more e-commerce sites provide support for Dogecoin purchase of shopping cards, the large gift card exchange site EGIFTER.COM also began to support DOGECOIN purchase of gift cards.

"One Day No Contact" Dogecoin Game Fundraising for Doctors Without Borders

This is a fundraising challenge with solidarity (similar to a mini game fundraising). Sufficient funds will be raised to help Doctors Without Borders (MSF) treat Ebola victims and improve the lives of West Africans.

CheapAir Announces Acceptance of Dogecoin for Booking Flights

On September 4, 2014, CheapAir announced that after accepting Bitcoin to book flights and train tickets, it has recently announced that it has accepted Dogecoin and Litecoin to book flights. CheapAir revealed that the website has completed a total of $1.5 million in bitcoin sales since the addition of the bitcoin payment method.

Dogecoin reward application artifact "Coin Push"

With the emergence of the English-language rewarding artifact dogetipbot, the development of domestic rewarding application software is not far behind. A few days ago, a rewarding artifact named Bitui quickly became popular in the coin-giving circle when it was born. Just see that you like it. Comments, favorite celebrities, and favorite Weibo owners can directly reward each other through the coin push artifact, and the entire coin giving circle is immersed in a cheerful atmosphere of rewarding each other for fun. It is reported that the author of the coin tweet is developing a WeChat version, so that it is convenient for the donators to reward each other with red envelopes during the traditional Chinese holiday --- the Spring Festival.

Charity Events

Send the Jamaican bobsled team to the Sochi Winter Olympics

The Jamaican bobsled team may be hopeless for the 2014 Sochi Winter Olympics due to the "urgency" of funding. However, the team members who adhere to the creed of "Don't Abandon, Don't Give Up", through Dogesled, a crowdfunding charity platform won a virtual currency equivalent to $30,000-and then they can finally have money to fly to the Winter Olympics. Although the Jamaican bobsled team failed to continue in the Winter Olympics (the race ended on Sunday, they only took the 30th place), but this "dream action" by the DogeCoin community is still moved a lot of people.

Sponsor the sports car dogecar and enter the top 20 in the race

At the end of the NASCAR race, NASCAR driver Josh Wise drove a dogecar to finish 20th!

Josh Wise cleverly avoided a four-car serial collision during the remaining 14 laps. At that time, he managed to escape from the melee between Jimmie Johnson, Joey Logano, Kurt Busch and Michael McDowell.

This time there were 43 cars in the competition. Except for the cars sponsored by top brands, none of the cars have received so much popularity: a large number of shots and the attention of the narrator, as well as explanations about the sponsor of this car.

The event was reported by major media on the Internet, and reddit's response was very positive.

Help an MMA sponsor

Such Fighting!MMA fight May 17, 6pm EST onSpike.com (Austin Lyons vs. Zach Underwood) (free to watch online, tell everyone!) but may be bumped up to TV if another fight gets cancelled.

Addressing contaminated drinking water in West Virginia

Raise scientific research fund projects to tackle contaminated drinking water in West Virginia.

Funding Cancer Patients

Help 9-year-old Gabriel help fight the invasion of cancer.

Rescue Land-slides

Help and support those affected by the landslide that struck Darlington on March 22.

Protection of Dogs

This is a non-profit organization of the Animal Protection Association. Their funds are mainly donated by the public. Although they have achieved the stage goals, they are still looking for donations!

Brooke House

Help the houses destroyed by the terrible fire and restore them to their previous appearance.

Help the Homeless

Help those who are homeless and Dogecoin will provide corresponding living supplies and housing!

Tornado Relief in Arkansas

McQueen was the initiator of a charity event that raised funds for the devastating tornado that torn apart a 40-mile road of destruction in central Arkansas, where there were many victims.

Planting Activity

For every 1,000 Dogecoin donations received, a sapling will be planted!

Kubo Children's Education Fund

Kubo is a user of the /R/dogecoin community that sponsors children who are homeless in the Philippines. This community has done a lot for these children, but there is still a lot to do. We can help these children stay at the Federal Reserve and the schools they attend. Food, shelter, basic education, etc. Most of us take these things for granted, but they are different. Imagine that each of your Dogecoins can help improve the lives of these children. If you can donate, please remind /U/cathyketh and dogecoin will be given directly to the child.

Dogecoin to the Moon

Dogecoin has a lot of fans in the United States due to its lower threshold and cute image compared to Bitcoin but did you know that Dogecoin is about to land on the moon in the form of a lunar rover?

Dogecoin conquered the earth by sponsoring the NASCAR racing car, and also used the exit number to land on the moon before 2015. Of course, all this also depends on whether RevUp Render's lunar robot sled contest can go smoothly.

Dogecoin Tornado Charity Donation Reaches $8,800

We already have $8,800 for tornado relief in Arkansas. If we reach the goal of $10,000 that I said before, I think every newspaper in the state will report this! At that time, we will have a lot of public attention and let everyone know how generous Dogecoin is in this society.

Doge4school Charity Project Progress

I just want to tell you the number of Dogecoins for all donations I have received in the past three days. I have received support and help from all of you, and now the total amount of Dogecoin I have received is: 150,000.

This is very shocking! You are all great and very caring! I am very grateful for your help and support, your actions have brought a lot of care to the children!

A summary of the projects sponsored by Dogobi as of May 10

I am tired of constantly telling others about donating to charitable projects. People always ask how this project is going, how is that project, here is a list of charitable donations I know, I hope you can understand.

Dogecoin Epic Party will be held in Portland, Oregon

Hi, Dogecoin fans, we will be hosting an epic party in Portland, Oregon this Saturday-dogepdx. There will be me, /U/theboffin, and /U/followthecoin and many others!

The dogepdx party will be held from noon to midnight on May 17 at Portland Airport in Canada-this is a 100% dog-friendly hotel:)

A summary of E-Commerce companies Accepting Dogecoin payments as of May 25

I saw several Dogecoin fans looking around for places to shop with Dogecoin. They hoped that they could buy cool products through Dogecoin. Dogecoin has fast payments and a beautiful name, but you can't use it. What's the point? After the dog editor's search, I found that there are many places that accept Dogecoin as currency. The following is a summary of merchants accepting Dogecoin payment:

Dogecoin Launches Education Reform Project in Hungary

The Hungarian country's primary and secondary education work is usually based on the Prussian education model, which is to learn, learn, learn and learn, and then tell the teacher what is going on. Although this teaching model may be a good thing for some people, all subjects basically mean that there is almost no real classroom life, which does not really make students learn to think and improve their problem-solving skills.

Market Place

Domestic

Major domestic dogs currency trading a platform for European trade OKEx, BTC38, btctrade, bter, jubi, btc100.

Foreign

Foreign countries are mainly Cryptsy, Exmo, cex.io, Bittrex, Poloniex, HitBTC, Kraken, Bitcoin Indonesia, Coinsquare, AllCoin, Newegg. 

Birth Background

Dogecoin was born on December 12, 2013. The author is an Australian brand and marketing expert Jackson Palmer, and the other is a programmer Palmer in Portland, Oregon, USA.

Dogecoin is based on the Scrypt algorithm, and the transaction process is more convenient than Bitcoin. Dogecoin’s confirmation time is only 1 minute, BTC takes 10 minutes, and there are more dogs, the price is low, the transfer information speed, suitable for network rewards, etc. It is more convenient for the psychological needs of the public. It makes the development of civilians more convenient.

Dogecoin has its own core culture. It has a good cultural background-tipping culture, a good humanistic background-charity culture, and a good prospect-grassroots culture.

Dogecoin mined 100 billion in the first year, and 5 billion every year thereafter. There is no upper limit. That is to say, one year later, the inflation rate will remain at 5% per year and continue to decrease. 20 years later, the annual inflation rate will only be 2.5%. This is more in line with the development of currency. Dogecoin has mined more than 90 billion, and it will be halved again on October 2 after 5 days. By then, the inflation rate will be lower than that of Bitcoin.

Dogecoin has adopted auxiliary mining, and its computing power has risen from 60G to close to 1T. It can be said that auxiliary mining has solved the biggest security problem of Dogecoin. The auxiliary mining and the merged mining proposed by the previous founders of LTC are completely different solutions.

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noctorous

Noctorous is a professional engineer with vast and broad experience finding out the solution to the problems to serve the people free of cost.

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