Dogecoin is a cryptocurrency that was created as a joke on December 6, 2013 by Billy Markus and Jackson Palmer. The image used for this meme coin is the head of a beloved Shiba Inu dog. This cute dog is the reason why dogecoin became popular worldwide. <\/p>\n\n\n\n
Dogecoin is a peer-to-peer digital currency that is not backed by the government like CAD and USD. With only their crypto addresses, people can send digital money on the internet anywhere in the world with this decentralized coin.<\/p>\n\n\n\n
A crypto address is similar to an email address, but instead it contains a history of all of your transactions, which can be access by anyone. Your personal information isn’t included in your history, but people can see how much doge you have and which addresses you send doge to. If you don’t disclose your public address to anyone, your transactions will remain anonymous. <\/p>\n\n\n\n
Dogecoin can be stored in its own wallet and its transaction fees are very low compared to bitcoin’s fees. Some people like to have many doge addresses for different purposes like donation, purchases, and investment. No one can steal your doge by knowing your public address. There are over 100 billion dogecoins and there is no limit supply. Dogecoin’s price can be manipulated like any crypto so it’s wise to not invest all of your savings.<\/p>\n\n\n\n
Dogecoin is a high risk and high earning altcoin because its price is very volatile. Investors can make high profits with dogecoin or lose allot of their money if the price drops. The price of dogecoin depends on BTC because it is the first crypto created, it has the highest trading volume and has the highest market cap. It’s recommended to keep updated on the latest news of DOGE and BTC to protect your investments.<\/p>\n\n\n\n