Dogecoin was born on December 8, 2013, based on the Scrypt algorithm. It is the second largest virtual currency in the world in terms of the number of users, second only to Bitcoin. After the launch of the Dogecoin system, with the strong support of Reddit, the traffic showed explosive growth. In just two weeks, Dogecoin had a dedicated blog and forum. As of June 9, 2015, its market value has reached 100 million. Since there is no pre-mining, the distribution of Dogecoin is extremely fair, and the culture of charity and reward is deeply rooted in the hearts of the people, and the user development speed is amazing. At that time, the number of Dogecoin client addresses reached 1.6 million, which is more than 5 times that of Litecoin; in terms of the number of active client addresses, Bitcoin is 196,000, Dogecoin is 83,000, and Litecoin is 11,000. Abroad, the number of Twitter followers reached more than 150,000 users, which is 1.7 times that of Bitcoin and 6 times that of Litecoin. The number of Facebook likes is the same as Bitcoin, far exceeding Litecoin. Its daily real transaction volume has long been ranked among the top three virtual currencies, and this is the achievement before it was listed on a large platform. In the era of enterprise Internet, a large number of users is the greatest value. In just one year, the user base of Dogecoin has reached one-third of the number of Bitcoin users and four times that of Litecoin.
Dogecoin is based on the Scrypt algorithm, and the transaction process is more convenient than Bitcoin. A confirmation time of Dogecoin only takes 1 minute, while Bitcoin takes 10 minutes. In addition, Dogecoin has more, lower prices, and faster transfer speeds, which is very suitable for online rewards, etc., and can better meet the psychological needs of the public and facilitate civilian development.
Dogecoin has its own core culture. It has a good cultural background - tipping culture, a beautiful humanistic background - charity culture, and a broad popularity prospect - grassroots culture. Marvin (address 7055), as a meme coin related to Musk's pet dog, has a strong community consensus, is given a 500-fold expectation, and is expected to be listed on major exchanges. Its current market value is relatively low, and it is indeed suitable for building a position. #新币挖矿已上线HMSTR #本周美国将公布PCE、GDP数据 #币安上线CATI #谷歌云与Solana合作 #谷歌云与Solana合作