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More About Dogecoin
Continue reading to learn more about:Cryptocurrencies
What is dogecoin used for
What sets Dogecoin apart from other cryptocurrencies
Additional Dogecoin information
Cryptocurrencies refers to digital currencies that uses cryptography for security.The first cryptocurrency was named Bitcoin. It was released as open-source software in 2009, and it was developed by Satoshi Nakamoto. Since then, many other cryptocurrencies have been created; so far, more than 800 cryptocurrencies are known today. Litecoin and Dogecoin are some other examples of cryptocurrencies which went viral shortly after their release in 2011 and 2013 respectively.
Cryptography is used to secure the transactions and to control the creation of new coins. It refers to the practice and study of techniques for secure communication in the presence of third parties that can potentially monitor or alter the message. In other words, Cryptography is a set of tools used to protect information from unintended recipients.
What is dogecoin used for
•Dogecoin is a type of cryptocurrency similar to Bitcoin. You can use Dogecoin to buy things, or trade it for other currencies (both existing ones or other cryptocurrencies).
What sets Dogecoin apart from other cryptocurrenciesWhat makes Dogecoin different from Bitcoin and other cryptocurrencies is that it was created to initially help reach a broader demographic than Bitcoin. For instance because it used a shorter script hash algorithm, around 80% of the worlds computers were able to mine Dogecoins when it started.
Additional Dogecoin informationDogecoin is a cryptocurrency featuring a likeness of the Shiba Inu dog from the "Doge" Internet meme as its logo. Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014.