Event Details

Discover Dogecoin

Time: August 18, 2019 from 6pm to 7pm
Location: online
Event Type: learning, something, new
Organized By: Lucas Bentley
Latest Activity: Aug 15, 2019

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Event Description

Dogecoin: the incredible story behind the Altcoin

Cryptocurrencies are a popular field today that fascinates more and more amateurs. Among the innumerable versions that exist, through the future cryptocurrency of Facebook, Libra, there is also the satirical virtual currency, the Dogecoin (DC). The Dogecoin was designed to deal with the cryptocurrencies that were created and are still today in order to do business by investing heavily and hoping for an increase in their value.

 The invention of Dogecoin

The DC was invented by Jackson Palmer, an Australian investor interested in cryptocurrencies. When he discovered in 2013 the existence of cryptocurrencies and the number of versions that had already been created, all aiming to compete with Bitcoin, Palmer was stunned by the ridiculous side of this area. Knowing also the world of memes on the internet, he imagined his own satirical cryptocurrency with, for mascot, one of the most famous memes: the Shiba Inu known as Doge. 

The creation of the Dogecoin

Meanwhile, Bill Markus, Colorado, discovered that Palmer's idea was similar to his own idea of cryptocurrency. Markus quickly developed a Bitcoin-based CRTI and invited Palmer to join him in designing this new community-based cryptocurrency, the Dogecoin. The open source currency was created in 2013. But soon, the DC has grown, going beyond the joke of Palmer. In a while, the currency has reached a value of 0.0173 dollar! In 2014, the DC exceeded the trading volume of Bitcoin for some time only. In 2018, it has become one of the ten best cryptocurrencies on the market worth more than $ 1 billion.

The advantages of Dogecoin

Launched to make fun of all other cryptocurrencies, the Dogecoin and the fact that it is not serious have attracted fans of cryptocurrencies, like lovers of memes irrevocably. You can use Dogecoin for gambling. Discover most reliable gambling website on Rocketpayz.com. Next Dogecoin plus that its popularity is also due to advantages not found in other cryptocurrencies. For example, the Dogecoin's blocking time is only 60 seconds, while the retargeting time is four hours. Transactions and their confirmations are thus faster than for other Altcoins. Thus, every 10 minutes, the DC processes nine times more transactions than Bitcoin! The very short blocking time avoids attacks: with a single minute of vulnerability, it is almost impossible to launch an attack against this currency.

 

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