Dogecoin is an open-source peer-to-peer digital currency, favored by Shiba Inus worldwide, It has a DOGE token in its platform as a reward per block to the user. If you haven’t heard of this cryptocurrency, keep reading, this will be the time for you to know. Dogecoin was mentioned by Elon Musk the richest man in the world on his Twitter as one of his favorite cryptocurrencies.
In this guide, we will talk about the most prominent aspects of Dogecoin. So, without any further ado, let’s see what we got here.
Table of Contents
- What is Dogecoin?
- Dogecoin base on Scrypt Algorithm
- What you need to Start Mining Dogecoin
- Dogecoin Mining Hardware
- Dogecoin Cloud Mining
- How to get start Mining in Dogecoin
- Where to buy Dogecoin
- How to install Dogecoin Wallet
- How many supply of Dogecoin
- What is the current price of Dogecoin
- Final Not
- What is Dogecoin?
- Dogecoin base on Scrypt Algorithm
- What You Need to Start Mining Dogecoin
- Dogecoin Mining Hardware
- Dogecoin Cloud Mining
- How to get start with Dogecoin?
- Where to buy Dogecoin?
- How to install Dogecoin wallet?
- How many supply of Dogecoin?
- What is the current price of Dogecoin?
- Final Note
What is Dogecoin?
Dogecoin is a cryptocurrency that was created by software engineers Billy Markus and Jackson Palmer. It features the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake and considered both the first meme coin and more specifically, the first “dog coin.
This was started as a joke payment system but the joke turned into a profit on December 6, 2013, processed its online community, and reach a market capitalization of over $85 billion on May 5, 2021, with the help of Reddit, the site became an instant hit.
Within two weeks, Dogecoin had established a dedicated blog and forum, and its market value has reached $8 million, once jumping to become the seventh-largest electronic currency in the world.
Dogecoin base on Scrypt Algorithm
Dogecoin was created using Scrypt Algorithm and can be mine only by Scrypt ASIC which means Scrypt Mining is more advantage as we heard than other type of crypto mining which is more user-friendly,GPU-friendly , low-power consumption ,faster than the CPUs or GPUs. Compared to other type of mining it has 1 minute block time and 10000 reward per block.
What You Need to Start Mining Dogecoin
- DOGE crypto wallet
- computer with either macOS, Windows, or Linux operating system
- Internet connection
With this basic mining materials, you will be able to start mining directly.
Dogecoin Mining Hardware
There are three types of hardware you can mine Dogecoin with.
- GPU
- CPU
- ASIC
Dogecoin Cloud Mining
Cloud Mining is a type of mining which you take part in a mining pool and purchase a certain amount of “ Hash Power. You just rent it from somebody else without ever actually seeing that equipment. Basically, you just pay a large,data center to get a cut of the rewards from one of their mining rigs. readmore!
How to get start with Dogecoin?
1. Choose your Wallet
Pick walllet from Wallet Section A Wallet is used for holding your Dogecoins directly on your Computer/Smartphone.
2. Configure your Wallet
3. Get Some Dogecoin
There are numerous amounts of ways to get Dogecoin. You can buy them, trade for them, get tipped, “mine” them, and more.
Where to buy Dogecoin?
- Binance,
- OKX
- Bybit
- CoinTiger
- FTX
How to install Dogecoin wallet?
1. Download The Wallet.
Click the link below to download MultiDoge, a local Dogecoin wallet. If you are asked to accept the download, accept the download. Once the file finishes downloading, click the (.exe) file.Download MultiDoge for Windows
2. Install The Wallet.
Go through the installation process. Once you get to the license agreement, accept it to continue with the installation. Once you are finished with the installation, find the MultiDoge shortcut and open it.
3. Use Your Wallet!
On launch, your wallet will have a loading bar on the bottom-left. You will have to wait 1 – 5 minutes for the wallet to synchronize. After it is synchronized with the network, you are now able to use your Dogecoin wallet! You have just finished setting up your Dogecoin wallet!
How many supply of Dogecoin?
It has a circulating supply of 132,670,764,300 DOGE coins and the max supply is not available.
What is the current price of Dogecoin?
You can see the current price of Dogecoin here : Coinmarketcap
Final Note
Dogecoin future are unlimited although it fluctuates, it still in the top cryptocurrency this 2022.
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