Dogecoin is a fun, new and rapidly growing form of digital currency.
This form of digital currency is called "cryptocurrency"; a type of
digital currency. Cryptocurrency is completely anonymous, decentralized,
and extremely secure
Dogecoin is a cryptocurrency featuring a likeness of
the Shiba Inu dog from the "Doge" Internet meme as its logo. It was
introduced on December 8, 2013. Started as a "joke currency" in late
2013,
Dogecoin quickly developed its own online community and
reached a capitalization of USD 60 million in January 2014; as of
September 2015, it had a capitalization of USD 12.5 million. Compared
with other cryptocurrencies,
Dogecoin has a fast initial coin production schedule: 100
billion coins have been in circulation by mid 2015 with an additional
5.256 billion coins every year thereafter. As of 30 June 2015, the 100
billionth Dogecoin has been mined.
While there are few mainstream commercial applications, the
currency has gained traction as an Internet tipping system, in which
social media users grant Dogecoin tips to other users for providing
interesting or noteworthy content.
Many members of the Dogecoin community, as well as members
of other cryptocurrency communities, use the phrase "To the moon!" to
describe the overall sentiment of the coin's rising value.
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