Does dogcoin belong to blockchain
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system.
I still have a certain understanding of dogcoin. Dogcoin is actually a virtual currency based on blockchain technology, which can realize the payment function in the process of transaction, similar to bitcoin
Amazon has begun to consider accepting dog coin as a virtual currency. I think it will promote the price rise of dog coin in the future, because this decision shows that Amazon is optimistic about the future development of shopping coin, and thinks that the value of Dog Coin really exists
First, it's good news for the price of doggy coin< p> I think this news will definitely stimulate the price of dog coin to rise further. The reason why dog coin can come into the public's view is that the price has increased a lot. Now that some big companies have approved dog coin, it shows that the recognition degree in the market is quite good. In the future, there may be more organizations to approve dog coin{ RRRRR}as an ordinary investor, I think we can pay attention to dogcoin under the current situation that dogcoin has been hyped in the market< in the short run, I think it's a good time to invest, but in the long run, doggy money has no investment value
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Dogcoin is a virtual currency
Dogecoin, known as "dogcoin / dogcoin", was born on December 8, 2013. It is a virtual currency based on the crypt algorithm. Digital currency is a global currency initiated by the people, which does not belong to a certain country, but belongs to all mankindit has the advantages of fast global transfer, such as the money can be remitted from China to the United States in a few seconds, and the cost is low, and the total amount will not be increased at will like French currency, so the total amount is relatively stable
after the launch of dogcoin system, e to the help of reddit, the traffic showed explosive development, but in two weeks, dogcoin has launched a special blog
the reason why dog coin is accepted:
1. As an electronic currency, dog coin was born on December 12, 2013, and it became the second largest tip currency only one week after it was launched. Many people take part in Dog Coin trading not for speculation, but as a way to express sharing and gratitude
2. Dog money has been widely used in charity. After helping the "Jamaican sledge team" and three Indian athletes set foot on the journey of Sochi Winter Olympic Games, "doge4kids" charitable fund-raising activities, all the money obtained from the charity donation to 4pawsforability charity
for a detailed introction to dogcoin, please take a look at the following paragraph:
dogcoin was born on December 12, 2013 by Jackson Palmer, an expert in brand and marketing in Australia, and Palmer, a programmer in Portland, Oregon, USA
dog coin is based on the scrypt algorithm, and the transaction process is more convenient than bitcoin. A confirmation time of dog coin is only 1 minute, and BTC takes 10 minutes. Moreover, the number of dogs is more, the price is low, the transfer speed is fast, and it is suitable for online reward. It is more convenient for the psychological needs of the public and makes the development of civilian more convenient
dog coin has its own core culture. It has a good cultural background - tip culture, a good humanistic background - charity culture, and a good popularity prospect - grass root culture
in the first year, 100 billion yuan will be g up, and then 5 billion yuan will be g up every year. There is no upper limit. That is to say, after one year, the inflation rate will remain at 5% per year and keep decreasing. After 20 years, the inflation rate will only be 2.5% per year. Only in this way can it be more in line with the development of money. Dog money has been g out of more than 90 billion yuan, and it will be halved again around October 2 in five days, when the inflation rate will be lower than that of special currency
dog coin has adopted auxiliary mining, and its computing power has increased from 60g to nearly 1t. It can be said that auxiliary mining has solved the biggest security problem of dog coin. Auxiliary mining is completely different from the combined mining proposed by the former founder of LTC.