What's Dogecoin? A DOGE Explanation!
Dogecoin, otherwise known as DOGE, is a digital currency that was created in November of 2020. It is created by an internet meme that is a famous image of Shiba Inu dogs on their scruffs. There is even an official currency called the "Shibe". The meme originated from the Internet meme "icyic acid", which is a slang term for LSD.
As the Dogecoin market started to develop, there were several reasons that it has been a great success. One of the main reasons is that it has helped with the public's interest in cryptocurrency. While a lot of people are hesitant about investing their money in a new venture because they do not understand it, most people find it easier to use a virtual currency.
Many people enjoy the memes that can be created using the Dogecoin, so the fun factor is high for people who use this form of digital currency. There are other reasons why people like Dogecoin. One reason is that there is a community of many people that have a love for Shiba Inus and they want to give others the opportunity to have them as well. They love the spirit of sharing and are willing to help those who want to get involved. It is nice to see how other people interact with one another and share ideas.
The Dogecoin is very easy to explain. This is because it is very simple to use. There are three main coins that are used on the Dogecoin site. These are "shibes", "doges"dooks".
Shibes are Dogecoins that are completely reserved for the Shiba Inu pets. They are given for free and can be received from online contests. When the person wants to spend the Dogecoin they will usually send a request to the seller, who will then buy the Dogecoin from the seller at a certain rate, and then give the Dogecoin back to the person who sent it.
Doges are Dogecoins that are purchased in large amounts through online casinos. The person who wants to purchase the Dogecoin must pay for a certain amount of Dogecoin and then trade it for actual Shibes. Once the person receives their Shibes they will then send them to the person who requested the Shibes and they will then give them back to the person who asked for them.
Doges are the most common that people ask for as well. The Shiba Inu dogs are extremely popular. People like to collect them and even though the Shiba Inu dogs may cost a little more than other coins, people are willing to pay for them, and they are worth the price because of the popularity of the Shiba Inu dog breed.
The Dogecoin is still relatively unknown, but people love the idea behind it. Since there are no real merchants on the Dogecoin site, all of the vendors are individual people that use Dogecoin as a form of payment for goods or services that they have provided. The Dogecoin website explains it best in a very simple way, which states "We believe that the future of money is digital." There are many businesses that accept Dogecoin, and they are only going to continue to grow.
Created on Jun 02, 2020