Can Dogecoin soar to the sky?
#新币挖矿&盘前交易USUAL
Dogecoin, also known as dog currency in Chinese, is a cryptocurrency based on the Scrypt algorithm. It is the second most popular cryptocurrency in the digital currency circle after Bitcoin. This thing was created by IBM engineer Billy Markus and Adobe engineer Jackson Palmer on December 6, 2013. At the beginning, they just wanted to use this currency to ridicule the market hype of Bitcoin and other cryptocurrencies.
On Reddit, the world's fourth largest traffic website, Dogecoin has more than 100,000 fans. Although it is not as many as Bitcoin's millions of fans, it has also squeezed into the "100,000 fan club" such as Ethereum and Litecoin.
The transaction process of Dogecoin is more convenient than Bitcoin. The confirmation time is only 1 minute, while Bitcoin has to wait for 10 minutes. Moreover, the number of Dogecoin is large, the price is affordable, and the transfer is fast. It is especially suitable for online rewards, which is more in line with the needs of the public and has developed more civilians.
There are three main reasons why Dogecoin has become popular:
First, it has a good culture - tipping culture. Dogecoin has become the second largest tipping currency only one week after its launch. Many people play with Dogecoin, not to make money, but as a way to share and express gratitude.
Secondly, it also has a good humanistic background - charity culture. Dogecoin has helped a lot in charity, such as helping the Jamaican bobsled team and Indian athletes to participate in the Winter Olympics, and the "Doge4Kids" charity event, all the donations were donated to the 4 Paws For Ability charity. I heard that the Dogecoin Foundation also sponsored activities to solve the water crisis in Kenya and even funded car races.
Third, it is popular. The Dogecoin community on Reddit has more than 75,000 followers, surpassing Litecoin, while Bitcoin took five years to reach 120,000 followers. Now many foreign websites support Dogecoin payments while supporting Bitcoin payments. Dogecoin also has a large trading volume and good liquidity, which are its important values.
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