These folks have not yet seen the power and benefits that Dogecoin can give. In this post, we are going to share you the interesting facts about Dogecoin that every one should know. So, if you want to know more about it, keep reading.

Dogecoin (DOGE)

Like Bitcoin and other cryptocurrencies, Dogecoin is an open source peer-to-peer digital currency, that can be purchased and sold like an investment and spent like money.

Dogecoin (DOGE) is based on the popular "doge" Internet meme and looks a Shiba Inu on its logo. It runs on blockchain technology, likewise to Bitcoin and Ethereum. Blockchain is a distributed, secure digital ledger that stores all transactions made using a decentralized digital currency.

Who Created Dogecoin?

DOGE was built by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013

How Does Dogecoin Work?

As a leading cryptocurrency, Dogecoin is runs on blockchain that stores all transactions made using a decentralized digital currency.

All holders carry an exact copy of the Dogecoin blockchain ledger, which is usually updated with all new transactions in the cryptocurrency. Like other cryptocurrencies, Dogecoin’s blockchain network uses cryptography to keep all transactions more secure.

People called miners use computers to solve complex math equations in order to process transactions and record them on the Dogecoin blockchain which is called “proof of work” system. In exchange for handling transactions and supporting the blockchain ledger, miners get additional Dogecoin, which they can then hold or sell on the open market.

What Can Dogecoin Be Used For?

It has been used mainly as a tipping system on Reddit & Twitter to reward the creation or sharing of high-quality content.

Anyone can get tipped Dogecoin by concuring in a community that uses the digital currency, or you can get your Dogecoin from a Dogecoin faucet.

A Dogecoin faucet is a website which will give you a small amount of Dogecoin for free as an intro to the currency, so that you can begin interacting in Dogecoin communities.
Note - Tesla CEO Elon Musk posted many tweets on social media that Dogecoin is his one of the favorite coin.
As of writing, Dogecoin has become the 4th largest cryptocurrency by coin market cap.

How to Buy and Sell Dogecoin?

You can buy Dogecoin on a cryptocurrency exchange like Koinbazar and Binance . The crypto exchanges need you to set up and fund an account with fiat-currency or cryptocurrency. You then are allow to buy and exchange popular cryptocurrencies such as Bitcoin, Ethereum, Dogecoin etc. Particularly, India's leading crypto exchange Koinbazar support trade of Dogecoin with INR at low transaction fee.

Indeed, Dogecoin is one of the most popular types of cryptocurrency with a unique nature. A lot of users are starting to use it because of its provided flexibility and benefits. So, if you are planning to trade Dogecoin, then you may visit Koinbazar

About Koinbazar

Koinbazar is one-stop shop for cryptocurrency trading that allows you to trade Bitcoin, Ethereum, USDT and the top cryptocurrencies on leading crypto exchange. koinbazar allows you to buy, sell and trade 20+ crypto assets with a bank transfer at the industry’s lowest fee. Buy, Sell DOGE/INR(https://www.koinbazar.com/trade/DOGE-INR) and transfer to any bank account.
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