NASCAR Edit On March 25, 2014, the Dogecoin community successfully raised 67.8 million Dogecoins (around $55,000 at the time) ter an effort to sponsor NASCAR driver John Wise.

Dogecoin (DOGE, symbol: and D), is a Litecoin-derived cryptocurrency featuring a Shiba Inu from the Doge Internet meme on its logo. [1]

The users themselves call it “joky”. One of the most popular uses of Dogecoin is the prize of Internet users for interesting and quality content created or collective by them. It wasgoed introduced on December 8, 2013. [Two]

Compared to other cryptocurrencies, Dogecoin has a quick initial coin production schedule: there will be approximately 100 billion coins ter circulation by the end of 2014 with an extra Five.Two billion coins every year thereafter. Spil of Three/30/2014, overheen 65 billion Dogecoins have bot mined. [Trio]

While there are presently few commercial applications for Dogecoin, the currency is gaining traction spil an Internet tipping system, te which social media users grant Dogecoin tips to other users for providing interesting or noteworthy content. [Four]

Many members of the Dogecoin community, spil well spil members of other cryptocurrency communities, use the phrase “To the moon!” to describe the overall sentiment of the coin’s rising value. [Five]

Contents

Like ter Bitcoin and Litecoin, te Dogecoin the public key cryptography is used, where a user generates a pair of cryptographic keys: a public one and a closed one. Only a closed key can decode the information encrypted with a public key, this is why the keys’ holder can loosely publish the public key without worrying about the encrypted gegevens.

The mining of Dogecoin differs from Litecoin te several parameters. A fresh block te the Dogecoin chain is created te 1 minute unlike Two.Five minutes for Litecoin. Today, the mining complexity is reappointed once vanaf block and the prize for miners is immovable. However, from the very beginning the complexity wasgoed switched once vanaf four hours and the prize wasgoed a random number inbetween 0 and maximum determined by the block parameters.

Ter course of time the treatment to the emission of coins has bot switched spil well. Very first, they dreamed to limit it to 100 billion Dogecoin but then the punt of fresh coins became non-limited.

Dogecoin wasgoed created by programmer Billy Markus from Portland, Oregon, who hoped to create a joy cryptocurrency that could reach a broader demographic than bitcoin. Te addition, he dreamed to distance it from the controversial history of other coins, mainly bitcoins. [6] At the same time, Jackson Palmer, a member of Adobe Systems’ marketing department te Sydney, Australia, wasgoed encouraged on Twitter by a student at Vooraanzicht Range Community Collegium to make the idea a reality. [7]

After receiving several mentions on Twitter, Palmer purchased the domain dogecoin.com and added a splash screen, which featured the coin’s logo and scattered Comic Sans text. Markus spotted the webpagina linked te an IRC talk slagroom, and embarked efforts to create the currency after reaching out to Palmer. Markus based Dogecoin on the existing cryptocurrency, Luckycoin, which features a randomized prize that is received for mining a block, albeit this behavior wasgoed straks switched to a static block prize ter March 2014. Te turn, Luckycoin is based on Litecoin, which also uses Scrypt technology ter its proof-of-work algorithm. The use of scrypt means that miners cannot use SHA-256 bitcoin mining equipment, and that dedicated FPGA and ASIC devices used for mining are complicated to create. Dogecoin wasgoed officially launched on December 6, 2013. The Dogecoin network wasgoed originally intended to produce 100 billion Dogecoins, but zometeen, it wasgoed announced that the Dogecoin network would produce infinite Dogecoins. [8]

On December Nineteen, 2013, Dogecoin hopped almost 300 procent ter value ter 72 hours, rising from US $0.00026 to $0.00095, with a volume of billions of Dogecoins vanaf day. This growth occurred during a time when bitcoin and many other cryptocurrencies were reeling from China’s decision to forbid Chinese banks from investing Chinese Yuan into the bitcoin economy. Three days zometeen, Dogecoin experienced its very first major crash by ripping off by 80% due to large mining pools seizing chance te exploiting the very little computing power required at the time to mine the coin. [9]

On December 24, 2013, The Reserve Bankgebouw of India cautioned users of Dogecoin and other cryptocurrencies on the risks associated with them. On December 25, 2013, the very first major theft attempt of Dogecoin occurred when millions of coins were stolen during a hacking attempt on the online cryptocurrency wallet verhoging Dogewallet. The hacker gained access to the toneelpodium’s filesystem and modified its send/receive pagina to send any and all coins to a static address. This incident spiked Tweets about Dogecoin making it the most mentioned altcoin on Twitter. To help those who lost funds on Dogewallet after its breach, the Dogecoin community commenced an initiative named “SaveDogemas” to help donate coins to those who lost them. Approximately one month straks, enough money wasgoed donated to voorkant all of the coins that were lost. By January 2014, the trading volume of Dogecoin shortly surpassed that of bitcoin and all other crypto-currencies combined, Dogecoin has a market capitalization of USD 13.Five million. [Ten] April 2015 Jackson Palmer announced he is taking an “extended leave of absence” from the cryptocurrency community.

2014 Winter Olympics Edit

The Dogecoin community and foundation have encouraged fundraising for charities and other notable causes. On January Nineteen, 2014, a fundraiser wasgoed established by the Dogecoin community to raise $50,000 for the Jamaican Bobsled Team, which had qualified for, but could not afford to go to, the Sochi Winter Olympics. By the 2nd day, $36,000 worth of Dogecoin wasgoed donated and the Dogecoin to bitcoin exchange rate rose by 50%. The Dogecoin community also raised funds for a 2nd Sochi athlete Shiva Keshavan. [11]

Doge4Water Edit

Inspired by the Winter Olympics fundraiser and smaller charity fundraising successes, the Dogecoin Foundation, led by Eric Nakagawa, began collecting donations to build a well te the Tana sea basin te Kenya ter cooperation with Charity: Water. They set out to raise a total of 40,000,000 ($30,000 at the time) Dogecoin before World Water Day (March 22). The campaign succeeded, collecting donations from more than Four,000 donors, including one anonymous benefactor who donated 14,000,000 Dogecoin (approx. $11,000).

NASCAR Edit

On March 25, 2014, the Dogecoin community successfully raised 67.8 million Dogecoins (around $55,000 at the time) te an effort to sponsor NASCAR driver John Wise. Wise ran with a Dogecoin/Reddit-sponsored paint scheme at the Aaron’s 499 at Talladega Superspeedway On May Four, 2014, Wise and his car were featured for almost a minute, during which the wedloop commentators discussed Dogecoin and the crowdfunding effort, while ending twentieth and narrowly avoiding numerous wrecks. On May 16, 2014, Wise won a spot at the Spurt All-Star Wedstrijd through an online fan vote hammering household name Danica Patrick, largely due to the efforts of the Dogecoin Reddit community. He finished the wedstrijd ter fifteenth, the last car running. The following wedloop te the Coca-Cola 600, Wise debuted a Dogecoin/Reddit.com helmet. Wise zometeen announced he would run the car again at the Toyota/Save Mart 350 spil a thank-you bounty to the community and the GEICO 500. He finished twenty-eighth ter the wedloop due te part to a refueling punt, he wasgoed ter twelfth place after a gas-and-go pit zekering, but the gas can did not engage long enough, resulting ter a 2nd pit zekering that took him towards the back of the pack. The developer of the NASCAR ’14 movie spel announced that they are looking into adding the Dogecoin car spil a drivable car te an upcoming DLC. [12]

Several online exchanges offerande DOGE/BTC and DOGE/LTC trading. Three exchanges, Mengmengbi, Bter and BTC38, suggest DOGE/CNY trading. On January 8, 2014, AltQuick.co wasgoed the very first exchange to launch DOGE/USD exchange. On January 30, 2014, Canada-based exchange Vault of Satoshi also announced DOGE/USD and DOGE/CAD trading. On February 2014, Hong Kong-based exchange Asia Nexgen announced that they would support the trading of Dogecoins te all major currencies. China-based exchange BTC38 also added their support on the Dogecoin exchange, boosting the market capitalization overheen 24 hours. Te the very first day of trading, Dogecoin wasgoed the second-most traded currency on the podium, after BTC.

On September 2014, UK-based exchange Yacuna began suggesting DOGE/EUR and DOGE/GBP trading.

On January 31, 2014, trading volume across the major exchanges wasgoed valued at $1.05 million USD. The market cap wasgoed US $60 million. Three exchanges accounted for the majority of volume: Bter (60%), Cryptsy (23%), and Vircurex (10%). The most traded currency pairs were DOGE/BTC (50%), DOGE/CNY (44%) and DOGE/LTC (6%).

Trading physical, tangible items te exchange for DOGE takes place on online communities such spil Reddit and Twitter, where users frequently share currency-related information. On December 23, 2013, Tristan Winters of the online journal Bitcoin Tv-programma discussed what wasgoed needed for Dogecoin to substitute bitcoin. [13]

The very first Dogecoin ATM wasgoed demoed at Coinfest ter Vancouver ter February 2014. Two bitcoin ATMs supporting Dogecoins and other altcoins opened ter Tijuana, Mexico on March 17, 2014.

Dogecoin has also bot used to attempt to sell a house, and has bot used ter the pornography and poker industries.

Weather forecasting mobile app, web application, and webstek Doge Weathers creators Katia Eirin and Bennett Wong request tips te Dogecoin to maintain their webstek.

Dogetipbot wasgoed a cryptocurrency transaction service used on popular sites like Reddit and Twitch.tv. It permitted users to send Dogecoins to other users through directives via Reddit comments, support for Twitch.tv and Twitter had bot discontinued earlier. The service wasgoed launched ter 2013 on Reddit. The trademark “dogetipbot” wasgoed officially registered on August Nineteen, 2014. Ter November 2014, the developer team behind dogetipbot raised $445,000 te venture capital funding. Ter May 2018 Dogetipbot wasgoed discontinued and taken offline after its creator proclaimed bankruptcy, this left many Dogetipbot users losing their coins stored te the Dogetipbot system.

Overheen the years, many different tipping services have bot created.

Related movie: CoIntellect, Deja que tu ordenador trabaje para tí.


Leave a Reply

Your email address will not be published. Required fields are marked *