Dogecoin the First Cryptocurrency to Be Created
Dogecoin has quickly become one of the fastest-growing alternative investments on the web. The reason for this is easy to understand. Dogecoin has no real face value because it’s not issued or backed by any central entity like the dollar, euro, or the British pound. All of its value is the workmanship of complex mathematical algorithms.
Dogecoin isn’t issued or backed by any government or institution, making it immune to bankruptcy like other currencies are. Dogecoin was started by two computer programmers who wanted to create a new form of currency that was easy to follow and had no real market value. After a couple of years of testing, they launched Dogecoin. By doing this, they created what is now known as Dogecoin, which was originally just a conceptualized internet currency.
Dogecoin is actually a Cryptocurrency designed by two software engineers, Billy Markus and Jacob Pinkham, that chose to create an instant payment system without conventional banking fees using peer-to-peer technology. Dogecoin uses the image of a Shiba Inu puppy in the “Doge” Meme as its mascot and logo. This was a significant part in the original inception of Dogecoin because many people had originally seen a picture of a puppy on a Shiba Inu forum. These people saw the puppy and instantly identified with it due to the color, the markings, and the unique voice of the dog. The software engineers had then taken this data and combined it with an idea from the Japanese art of origami. By layering different elements of different animals and combining them, the Doge concept was born.
Dogecoin has grown in popularity greatly over the course of the past year and has even surpassed the popularity of the Lite Currency in some areas. For example, the Dogecoin tipping chart is the largest among all major charts that show the progress of tipping. One reason for this is the Doge theme that is incorporated into the mascot of dogecoin itself. Due to dogecoin being a novelty online, many new users have come onto the market eager to try out the platform and see if it is indeed a good joke in the first place.
As the popularity has grown, Dogecoin has also seen an impressive rise in corporate interest in the coin itself. It has become so popular that a number of companies have chosen to adopt the concept into their promotional efforts. Some well-known companies that have adopted the concept include Dell, Starwood, and American Express. Among the other notable companies that have considered doing so are American Express, Prudential Financial, and Citibank.
Dogecoin has been categorized as a form of Cryptocurrency because it allows its users to transact through the Dogecoin Blockchain Ledger. The concept behind the ledger is that all transactions made on the system are done in real-time, therefore, eliminating the possibility of any fraudulent transactions that could be directed at a company’s funds. As more businesses embrace the idea of Cryptocurrency, it will no doubt grow in popularity in the future. Many businesses have already recognized the benefits that it provides, which is why they welcome the innovations brought about by Dogecoin.