My Explanation About Degocoin
In this post, I want to discuss the dog crypto aka dogecoin, which started out as just a meme or joke, but until now it still exists in the crypto community.
On November 27 2013, Gisen Palmer, made a joke that later paved the way for the birth of a new crypto currency. He said, "Invest in dogecoin."
Eh, it turns out that his joke was heard by a professor named Billy Marcus. He contacted Palmer to discuss the possibility of turning the joke coin into a reality. Thus was born dogecoin. A decentralized virtual currency that allows you to send money online easily.
Well, so just think of dogecoin as an internet currency. Well, the mascot itself is a picture of a cute baby dog, which is a very popular meme on the internet around 2013. Although initially dogecoin was just a joke, it later had the goal of becoming a friendly and more approachable form of cryptocurrency, and could reach users who were inferior because of the compressibility of bitcoin. That's why on the dogecoin website itself there is a text "The fun and friendly internet currency." which positions them as a digital currency with a fun and friendly commodity. Dogecoin itself is a crypto currency based on lucky coin. So, even though dogecoin has not had any major updates since 2015, because it is based on lucky coin, doge also benefits from the increase in lucky coin. Unlike bitcoin which has limited surveys and no privacy, dogecoin is the opposite. When a cryptocurrency like dogecoin is inflationary, it means that there is no maximum limit to the number of coins in circulation. Bitcoin, which has limited surveys, has the potential for problems, namely that once the limit is reached, it is possible that it is no longer profitable for players to continue running the system. This will result in very high fees, or very long transaction times, because there is no inventive way to process transactions on the bitcoin network.
The creator of bitcoin tried to solve this problem by ensuring that miners would always be rewarded with new bitcoins, so there would always be an incentive to mine more coins from dogecoin.
Dogecoin is a crypto currency, so it's the same as any other crypto currency. It has unstable price fluctuations. So, it can suddenly have a drastic price increase and a drastic decrease.
Well, as I said at the beginning, dogecoin has a very large commodity, even though its price is very small. The main advantage of dogecoin itself is not in the technology behind it, but in its commodity. For example, in July 2020, Dogecoin went viral on TikTok. There was a TikTok user who posted a video and invited people to get rich together from Dogecoin. In his video, he said, "Everyone should buy Doge for 25 dollars."
Well, that means if Doge could touch a price of 1 dollar, then the initial capital, which was only 25 dollars, could immediately become 10,000 dollars. Now, how can people not be interested, right?
The challenge on TikTok with the #DogecoinTiktokChallenge has succeeded in pushing the price of Dogecoin up to more than 150%. In addition, Elon Musk also seems very vocal in supporting bitcoin. With just one tweet in the form of a meme from Elon Musk on Twitter in July 2020, dogecoin managed to rise 14%. Again, in December 2020, Elon Musk tweeted something very simple. He tweeted "One word: Doge." That immediately pushed bitcoin up to 20%.
Although it's small change, as of January 15, 2021, the dogecoin market has managed to reach 1.2 billion dollars, or equivalent to 16.9 trillion rupiah.
Wow, crazy indeed 😱
This is very agile, isn't it, bun? So, how do you get doge?
So there are several ways to get dogecoin.
First, we can buy dogecoin on the exchange. Or you can also be active in the doge community to get tips, you can also do it by mining.
For those of you who want to get tips by participating in the doge community, you can go directly to the dogecoin subcride. Usually, doge crypto telegram communities share free information called or others.
In addition, you can also get it for free via cellphone. Among them are
The method is just to enter your Dogecoin interest, then the Doge will automatically be collected for free. But the balance in your wallet will increase if you have successfully collected 5 Dogecoins.
Now, the next step is to mine bitcoin, the mechanism is the same as mining crypto in general. You use a computer to solve difficult math problems and are given Doge as a prize. You can use a gaming computer that you already have.
Now, of course mining has a cost. If you mine yourself, you have to have a computer and also pay for the electricity. If you want to use a virtual mining server, it means you also have to pay for the server.
To find out more details on how to get Doge, you can go directly to the Dogecointutorial.com site. There you can check a complete guide on mining, there is even a list of platforms that are SCAM!
So that's all the explanation about Dogecoin that I have provided in this post. Don't forget to upvote if you think this information is useful.
Thank you for taking the time to stop by my simple blog.
See you again.
Greetings always compact.
By @midiagam