Dogecoin: The Extraordinary In Ordinary Form

Just recently, I discussed altcoins and cite example that dogecoin is also an altcoin. Dogecoin is also a digital currency like bitcoin but, an alternative cryptocurrency. It was launched in December, 2013 and its logo was coined from that of Japanese Dog. Today, Dogecoin is gaining widespread adoptions globally because of its fast payments. It is also peer to peer payment network which scrypt based protocol.

Dogecoin was created by Jackson Palmer and Billy Markus and today it is growing quickly with a lot of optimism and enthusiasm in the community of Dogecoin. And most supporters of Dogecoin know it for "To the Moon". Doge follows bitcoin protocol but with some modifications. Just like every other altcoin, it came into existence after bitcoin success. It uses POW consensus algorithm too and its difficulty adjustment time is every four hours. New coins are created every sixty seconds and there is no limit to the amount of dogecoins that can exist hence, it is inflationary.

Dogecoin is becoming popular for its use in tipping people that share and create contents on the internet.