Dogecoin is decentralized platform which allows you to trade the Dogecoin (DOGE) and exchange value.
Dogecoin has a loyal community of supporters who trade it and use it as a tipping currency for social media content. With this performance, it would be able to have the opportunity to increase power and expand the market or much better, to dominate it.
Dogecoin is significantly faster than other altcoins and it also has lower transaction fees. With this great benefits, CryptoLocally would be known among traders and attract more new users.
It has lesser security compared to other Altcoin, however since the transactions are small amounts, security threat should not be much of an issue.
Dogecoin was originally founded as the result of a joke made by Jackson Palmer in November 2013. When he was contacted by programmer Billy Markus, they decided to turn Dogecoin into a reality.
The coin was launched in December 2013 as a fun and light-hearted cryptocurrency with none of the controversy surrounding its more established peers. Dogecoin is a cryptocurrency based on Luckycoin (which is, in turn, based on Litecoin).
Like other cryptocurrencies, Dogecoin can be held as an investment or traded in the hopes of making a profit. Most Dogecoin fans, however, use the altcoin as a currency, taking advantage of its very low transaction fees, fast transaction times, and easy-to-use platform. Although Dogecoin is based on Litecoin’s Scrypt protocol, its block time is only one minute compared to Litecoin’s 2.5 minutes. This means Dogecoin offers faster transactions and confirmations.
Dogecoin is an “inflationary coin,” while cryptocurrencies like Bitcoin are deflationary because there’s a ceiling on the number of coins that will be created.
If you’re looking for a user-friendly cryptocurrency with low transaction fees, Dogecoin could be the answer. It probably one of the best coins for crypto newcomers to get their hands on.