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why suddenly btc down
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#doge coin History of the Dogecoin Dogecoin was created in late 2013 by two software engineers, Bill Marcus and Jackson Palmer, who were working at IBM and Adobe Systems, respectively. It was created using the open-source code from Litecoin, which itself was a fork of the Bitcoin blockchain. The main purpose of its creation was to raise public awareness of blockchain technology capabilities. Through the support of a large online community, which included Elon Musk, Mark Cuban, and Snoop Dogg, the volatile crypto has risen more than 4,000% in 2021 alone, with some analysts forecasting the price to reach $1 before the end of the year. The online community has also been influential in newsworthy headlines, which included various fundraising events, such as the $50,000 fundraiser to send the Jamaican Bobsled Team to the 2014 Winter Olympics after the team qualified but could not afford to attend. They also sponsored a NASCAR Sprint Cup Series driver, Josh Wise, with about $55,000 in 2014. Such publicity stunts raised Dogecoin to almost cult status by 2021. It gained influence on Redditt’s WallStreetBets message boards and Twitter, where its value responded to popular Elon Musk tweets, such as propelling its value “to the moon,” “fav cryptocurrency,” and “people’s crypto.”
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#doge coin What is Dogecoin? Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency that was made as a parody of the crypto market following the establishment of Bitcoin. It was originally created as a light-hearted joke for crypto enthusiasts, but it quickly exploded to be one of the leading cryptocurrencies in use today. Dogecoin’s brand logo is based on a popular meme of that time that featured a Shibu Inu dog. It was created in December 2013 and was based on the same basic technology of other cryptocurrencies like Bitcoin and Litecoin. However, Dogecoin introduced some improvements, which included faster access speeds and more affordable transactions. Also, it counts the support of a robust community around the DOGE popularly known as the “Doge Army.” In 2021, Dogecoin is the ninth-largest cryptocurrency by market capitalization. Dogecoin uses a simplified variant of the hashing algorithm, Scrypt. It also uses the “proof-of-work” protocol, enabling it to receive work from other Scrypt based networks. Dogecoin mining is less power-intensive than Bitcoin algorithm SHA-256.
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$BTC Understanding Bitcoin In August 2008, the domain name Bitcoin.org was registered. It was created by Satoshi Nakamoto and Martti Malmi, who worked with the anonymous Nakamoto to develop Bitcoin.1 # king
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$BTC What Is Bitcoin? Bitcoin (BTC) is a cryptocurrency (a virtual currency) designed to act as money and a form of payment outside the control of any one person, group, or entity. This removes the need for trusted third-party involvement (e.g., a mint or bank) in financial transactions. Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto. It has since become the most well-known and largest cryptocurrency in the world. Its popularity has inspired the development of many other cryptocurrencies. #Share1BNBDaily
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$BTC Before bitcoin, several digital cash technologies were released, starting with David Chaum's ecash in the 1980s.[11] The idea that solutions to computational puzzles could have some value was first proposed by cryptographers Cynthia Dwork and Moni Naor in 1992.[11] The concept was independently rediscovered by Adam Back who developed Hashcash, a proof-of-work scheme for spam control in 1997.[11] The first proposals for distributed digital scarcity-based cryptocurrencies came from cypherpunks Wei Dai (b-money) and Nick Szabo (bit gold) in 1998.[12] In 2004, Hal Finney developed the first currency based on reusable proof of work.[13] These various attempts were not successful:[11] Chaum's concept required centralized control and no banks wanted to sign on, Hashcash had no protection against double-spending, while b-money and bit gold were not resistant to Sybil attacks.[11] #Share1BNBDaily
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