Brief Introduction On Dogecoin

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Dogecoin
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What is Dogecoin?

• Dogecoin is an open source peer-to-peer
  cryptocurrency.
• It was launched in 2013.
• Its logo is a popular meme of a Shiba Inu dog.

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How Is Dogecoin Used?

• Dogecoin has been known for its charity donations
  and other good causes.
• Social media users give dogecoin tips to other
  users for providing good content.
• Dogecoin can be used to buy goods and services.

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Dogecoin Technology

•  Doge cannot be mined by ASICs, and is only
  mineable by computers.
• Dogecoins block time is 1 minute whereas
  Litecoin takes 2.5 minutes to add a block.
• Its mining reward limit is 10,000 from 2015.
  Earlier reward limit was random.
• In 2014, first Dogecoin ATM was launched in
  Vancouver.

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Dogecoin Wallets

• There are four types of Dogecoin wallets
• Software wallet
• Online wallets
• Paper wallets
• Hardware wallets

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• Software wallet
• Dogecoin Core It can take a long time to
  download.
• MultiDoge This is a light. It means it stores
  enough information to use Dogecoin.
• Online wallets It allows you to use the Dogecoin
  blockchain without storing it on your computer.

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• Paper wallets These are printable wallets which
  is a secure way to store your Dogecoin. 
• Hardware wallets These are removable hardware
  devices, like USB sticks. They can be quite
  expensive.

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