DOGE, born on December 8, 2013, is a virtual currency based on the Scrypt algorithm. The traffic has shown explosive development, but within two weeks, Dogcoin has launched specialized blogs and forums
DOGE, born on December 8, 2013, is a virtual currency based on the Scrypt algorithm. The traffic has shown explosive development, but within two weeks, Dogcoin has launched specialized blogs and forums.
On October 22, 2014, Twitch, a real-time streaming video platform for video games, announced on its official Twitter that the company has accepted dogcoin as its payment subscription method. It is worth noting that Twitch was successfully acquired by Amazon at the end of last month for $970 million, becoming the largest acquisition in Amazon's history.
Twitch was established in June 2011, mainly providing real-time video streaming services for game players. Twitch stated that the company has over 55 million monthly active users.
On June 9, 2015, the number of dogcoin client addresses was 1.6 million, more than five times that of Litecoin; The number of active client addresses is 196000 in Bitcoin, 83000 in Dogcoin and 11000 in Litecoin; More than 150000 users are followed by foreign twitter, 1.7 times more than Bitcoin, and 6 times more than Litecoin. Facebook likes the same number as Bitcoin, far more than Litecoin. The daily real trading volume has long ranked among the top three in virtual currencies, which is still not as good as the results achieved before going on major platforms. The biggest value of the enterprise Internet era is the huge number of users. The number of dogcoin users has reached one third of the number of Bitcoin users and four times of Litecoin users in one year.
Digital currency is a global currency initiated by the private sector, not belonging to a particular country, but to all humanity. It has the advantage of fast global transfer speed, such as being able to transfer money from China to the United States in just a few seconds, and the cost is low. The total amount will not be arbitrarily increased like fiat currency, and the total amount is relatively stable.
If you perform a pretty good joke on the internet, people are usually willing to give you a tip through electronic currency. In the United States, where tipping culture is prevalent, this kind of thing is easily recognized.
But Bitcoin is too expensive, so the cheaper Dogecoin is popular. In just one week of its launch, it became the second largest tipping currency. They are hoping that Facebook can accept Dogecoin so that your friends can not only like it, but also give you a tip.
There are certainly more reasons why Dogecoin is so popular.
Technically, Dogecoin is actually a faction of Litecoin. They are all based on the Scrypt algorithm. Like Litecoin, its transaction process is more convenient than Bitcoin, and there are more of them. Dogecoin can dig up 100 billion at most, while Bitcoin has 21 million.
Palmer also mentioned that Dogecoin is not like Bitcoin, where people do not participate for speculation. It is a way of expressing sharing and gratitude.
Dogcoin has its own core culture, which has a good cultural background - tip culture, a good humanistic background - charity culture, and a good popularity prospect - grassroots culture.
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
