What is Dogecoin (Introduction to Dogecoin)
What is Dogecoin? Dogecoin is a native token of Ethereum, issued based on smart
What is Dogecoin? Dogecoin is a native token of Ethereum, issued based on smart contracts, aimed at incentivizing others to participate in the network by rewarding network contributors. It has two main purposes: to increase network effects and to improve scalability, security, and usability.
According to data from bitinfocharts.com, the trading volume of Dogecoin reached over $1.5 billion on June 17, 2019 (source: bitInfoCharts). The market value of DOGE is equivalent to 3.58 billion Chinese yuan, which is comparable to the level in 2017.
Introduction to Dogecoin
The value of DOGE mainly comes from decentralized exchanges and smart contracts. On the Dogecoin network, the transaction fee is $0.025 per token. Dogecoin (DOGE) is the first cryptocurrency to be community-driven.
Dogecoin is an open-source protocol that aims to innovate by making cryptocurrencies more secure, scalable, and widely adopted. It allows anyone to create digital assets with the same quantity as Bitcoin using smart contracts. It can also be used to purchase NFTs and charge subscription fees or rewards to users in exchange for DOGE.
Currently, Dogecoin’s market value only accounts for a small part of the total cryptocurrency market value. However, its development speed has far exceeded initial expectations – because it is built on the Ethereum blockchain, which is exactly how it hopes to become the fastest-growing cryptocurrency in the world. 1. Price: The price of Doges is caused by the inflation of DogeCoin, but over time, the price will also rise accordingly; 2. Supply: 60% of the total supply of Dogecoins will be locked in an address, of which 50% will be allocated to early investors over the next two years (approximately 10 million), and the other 30% will be burned.
2. “Scarcity”: Since Doge has unique attributes and cannot be sold, “rarity” means it is not a real currency and will not generate new tokens. 3. Increased liquidity: Despite fluctuations, Dogecoin can be held as a long-term asset. 4. Governance voting: When block producers decide to add new features, they receive a 10% stake, making this equity more easily accepted and can be managed through a “staking pool.” These features help incentivize ecosystem participants.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/23098.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
What is an ETH mining machine (ETH coin mining machine)?
What is an ETH mining machine? The Ethereum network adopts a Proof of Work (PoW
-
India’s Proposal to Imposing GST on Cryptocurrency Delayed due to Tax Method Dispute
It is reported that India\’s proposal to impose a Goods and Services Tax (GST) on cryptocurrency will be delayed because officials from the central and state governments in India ha
-
Poka Parallel Chain Astar Network announces winners of its first Web3 Hackathon
On April 26, it was reported that the Poka parallel chain Astar Network released the first Web3 hackathon report, in which more than 420 applications were received, 41 teams were p
-
Binance Launchpad will launch Open Campus (EDU)
On April 21st, the official announcement announced that Binance is about to launch its 31st Launchpad project, Open Campus (EDU), and launch the BNB special session. The sale will
-
The Metamask Bridge: An Introduction to Cross-Chain Transactions
On March 27th, according to data from Dune Analytics, the number of users who have interacted with the Metamask Bridge, a cross chain transaction launched by MetaMask, has reached
-
Tom Cat: Exploring OpenAI’s Technological Services and Models
According to reports, Tom Cat said during a survey that based on OpenAI\’s large model of text pre training and general knowledge, the company began to access and test technical ser
-
Swedish Central Bank Tests CBDC using Distributed Ledger Technology
According to reports, the Swedish central bank has released a report on the third phase of the Central Bank Digital Currency (CBDC) experiment, which involves technical testing usi
-
Bitcoin Transaction Pairs Reach Record High
On March 13, it was reported that at about 7:15 today, the price of BTC-USDC transaction pairs on the money security platform suddenly reached $50000, and then returned to normal. At present, the transaction price of BTC-USDC is US $22621.71, up 9.64% in 24 hours. The USDC price is currently quoted at US $0.9918. The BTC-USDC trading pair on the coin reached 50000 US dollars in a short time this morning Analysis based on this information:The world of cryptocurrency never ceases to amaze us with its rapid and unpredictable changes. On March 13, something remarkable happened in the Bitcoin market. At around 7:15 AM, the price of BTC-USDC transaction pairs on the money security platform suddenly reached a staggering $50,000 before returning to the normal rate. This sudden spike and drop in value have left many crypto enthusiasts wondering what caused this unusual incident. As of now, the current transaction price of BTC-USDC is stated at $22,621.71, marking an impressive…
-
Suia: A Revolutionary Project for a Sustainable Future
On April 6th, it was announced that the Sui Ecological POAP project, Suia, had been launched on the Sui Permanent Test Network.
Suia announces the launch of Sui\’s permanent testing -
US Senate Releases Report on Credit Suisse Incident
According to reports, the US Senate released a report on the Credit Suisse incident, which showed that US Democratic Senator Wyden claimed that the US Internal Revenue Service had