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Know what is Dogecoin?

Know what is Dogecoin?

Now the era of Cryptocurrency is coming. It is a digital currency. Bitcoin has been the most discussed so far. The price of bitcoin has risen a lot during the past few years. Large scale investments are being made in it all over the world. At the same time, recently another cryptocurrency Dogecoin is making a splash. Dodgecoin has been in the headlines for the past few days and its price has reached record highs.

Let me tell you that ever since Elon Musk, the founder and CEO of the world’s richest person and electric car company Tesla, has tweeted about it, it has started getting more discussion. Elon Musk has mentioned about this cryptocurrency for the second time within a week. It is now being said that Dodgecoin is competing with Bitcoin and it may overtake it.

 

It is believed that there are more than 128 billion Dogecoins in circulation around the world. This is being said to be just a beginning. Investors are now taking special interest in Dodgecoin after Elon Musk’s tweet. Dodgecoin was launched in December 2013.

 

It was started by IBM software engineer Billy Marcus and Adobe engineer Jackson Palmer for Peer-to-Peer Transaction. He chose the Shiba Inu, a breed of Japanese dog, instead of choosing a fancy emblem for DodgeCoin.

 

In the early stages, Dogecoin did not have the same success as Bitcoin and Ethereum. However, within 72 hours of its launch, there was a jump of 300 percent in this crypto currency. Let us tell you that Litecoin and Luckycoin also use script technology based on the password of Dodgecoin. At the same time, SHA-256 encryption technology is used in bitcoin.

 

Dogecoin, like any other cryptocurrency, can be purchased through a cryptocurrency wallet or online platform. There are also dedicated wallets for DodgeCoin, which can be purchased via smartphone. Dodgecoin can be bought in India through BuyUcoin, Bitbns, or Zebpay. Before buying cryptocurrency on these platforms, KYC process has to be completed.

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