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Dogecoin is a decentralized internet currency for settlements between network users. The token is developed on the Scrypt algorithm; it was based on a fork of the LTC coin, called Luckycoin. Despite the skepticism of some experts who considered Dogcoin to be absolutely useless, the coin quickly skyrocketed in price and is now in the top ten of the Coinmarketcap rating.
Based on the fork of Lightcoin, DOGE cryptocurrency differs from the underlying cryptosystem:
Block generation period (1 minute, versus 2.5 in the LTC network);
Transaction processing speed (6 minutes);
Unlimited emission (Lightcoin has a limit of 84,000,000 LTC coins).
The reward for miners decreased after a certain number of blocks found and now amounts to 10,000 DOGE. In the current period, Dogecoin coins are mined in the merged mining mode with the main currency of the Scrypt algorithm - Litecoin. The owner of ASIK sends shares to the litecoinpool.org pool or to any other LTC collective mining server and at the same time participates in the mining of the DOGE coin. The same practice is used when mining some coins with SHA-256 and Cryptonight algorithms.
The founders of the project added artificial inflation to the program code in the amount of 5% per annum from the issue of DOGE. The system issues 5,000,000,000 Dogecoin annually, which significantly restrains the rate.
Dogecoin can be purchased using popular trading apps. But please note that some of these services do not support the withdrawal of cryptocurrency to personal wallets.
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Since its inception, Dogecoin has experienced ups and downs and now seems to be at its next peak in popularity.
Each cryptocurrency has its own characteristics and appeal. And dogecoin too.
You can also buy or cash out dogecoin using online exchangers. Here https://www.bestchange.com/dogecoin-to-visa-mastercard-usd.html you can choose profitable exchangers for dogecoin to usd on favorable terms for you.
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