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What is Dogecoin (What does Doge mean)

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What is Dogecoin? According to cointelegraph, what is Dogecoin? What exactly is

What is Dogecoin (What does Doge mean)

What is Dogecoin? According to cointelegraph, what is Dogecoin? What exactly is Dogecoin? According to statistics from bitinfocharts.com, as of July 31, 2018, the market value of Dogecoin is approximately $344 million.

Since the fourth quarter of 2013, Dogecoin has been developing at a very rapid pace. Even now, there are a large number of Dogecoins on Bitcoin and Ethereum. And all of this is related to the technology behind it: a cryptocurrency called DOGE based on computer networks. Although this novel digital asset is implemented through hard-coded technology, its unique algorithm gives it great potential – it can be used to generate verifiable random functions, make the blockchain work more efficiently and at lower costs, and allow anyone to operate smart contracts on it.

What does Doge mean

How did Dogecoin come about? Doge is a cryptocurrency, a digital asset. DOGE was found to be similar to Bitcoin in October 2017. As time went on, it gradually became a popular term and crypto game, and Dogecoin became one of the main supporters of the platform.

However, this token has no intrinsic value as it is held by an anonymous address, so there are no other trusted users to maintain or use its network. Despite the decline in the price of Dogecoin, people are still interested in the future of this technology.

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