DogeCoin, from a meme joke to a real cryptocurrency
Imagine a typical love story between two individuals who started out joking and teasing each other until their relationship shifted to the more serious stuff. That’s the easiest way to describe the origin of the coin we are about to discuss (dogecoin).
If you are here out of curiosity about Dogecoin, well, sit back as we summarize its fun fact, usage, value, and its potential, so read on and talk like a pro about dogecoin at the end of this short review.
The History of Dogecoin
Cryptocurrency is pretty young technology, and during its inception years, one of the hindrances for its growth is its association with an illegal transaction online such as sales of prohibited drugs, weapons, and services.
The mainstream media was so quick to spread smear campaign against it that made people fear to embrace the beauty of its purpose, hence generating FUD for those who were closely observing from the fence.
Despite some recognition from well-known people from the tech industry, the cryptocurrency has to endure this trial for quite some time until someone has come up with an idea to change how people perceive the cryptocurrency space.
Meet Kabosu-Chan and the rise of the famous meme
During early 2010, there’s a famous internet meme creating a trend across the globe. It is a human-like facial expression of a Shiba Inu Dog named “Kabosu-Chan.”
Thanks to a Japanese woman named, Atsuko Sato’s, who was consistently uploading the picture of her rescued-adopted dog into her blog website. Among the images is the peculiar and iconic sideways shot of Kabosu-Chan while sitting on the couch with raise eyebrows.
The meme was born out of the cute face of a dog. It is playful and fun enough for internet users to make fun of it and create different varieties of memes using that particular face of Kabosu-Chan.
The Dogecoin Inception
Billy Marcus, a programmer from Portland Oregon, envisioned a fun cryptocurrency that would alleviate the bad reputation of the Bitcoin and Cryptocurrency space that shady people had built for using the technology as a means of transaction for their illegal online activities.
Although the idea is good, it hasn’t come to fruition as Billy left the creation of the coin and its domain hanging. Shortly after the creation of this idea, Jackson Palmer, a member of Adobe System Marketing in Australia, purchased the domain Dogecoin.com and continue the development of the coin.
Marcus noticed the development and started reaching out to Palmer, and they both work on the progress of the creation of the coin. After thoughtful preparation, they started the public offering of the coin on December 6, 2013.
The popularity of the Doge Memes at that time helped propel the dogecoin global branding. It established a remarkable impact in the cryptocurrency space by registering a 300 percent gain in less than three days from its launching date.
The Dogecoin ticker symbol is “DOGE”
Dogecoin Present Usage
Talking about this coin will always link to its massive and friendly legion of the online fan base who commonly uses the coin as a monetary system to reward and support each other on their online endeavors.
Dogecoin’s generous community is also known for raising funds to support a different cause. They were able to create a buzzword many times throughout its history by supporting athletes, foundation, and wellness of 3rd world countries.
Interested individuals who want to either invest or use the service of the coin must create a wallet. Creating a dogecoin wallet is as simple as 1,2,3. Go to their official website – https://dogecoin.com/ , choose whether to create Mobile or Desktop wallet, choose your operating system, and fund your wallet through reliable exchanges.
Dogecoin Tech aspects
Hash algorithm: Scrypt based
Block Reward: 10000 Dogecoin
Block time: 1 Minute
Dogecoin block explorer: https://dogechain.info/
Although it was initially intended for fun to clear some negative vibes surrounding the cryptocurrency space, the coin has gone too far now and developed real value and usage.
For as long its community is active, the dogecoin will continue to exist and will continue doing good deeds online using the blockchain technology, which is the flagship of a dogecoin.