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About Dogecoin

Dogecoin is a popular peer-to-peer cryptocurrency. The Dogecoin (DOGE) cryptocurrency was the first of its kind to be based on an internet meme. Launched in 2013 by Billy Markus and Jackson Palmer, Dogecoin remains one of the most recognized and tipped cryptocurrencies today. Like the Bitcoin code it was forked from, Dogecoin was created to provide a decentralized electronic cash system that operates without the intervention of a centralized authority. A passionate global community constantly keeps the project relevant.

How does Dogecoin work?

The Dogecoin network is a decentralized payment network system that operates without a central bank, government authority, or middleman. Instead, it uses auxiliary Proof-of-Work from Litecoin miners to maintain a decentralized network of computers around the world that collectively uphold the integrity of the system. This globally distributed community of miners is what makes up the Dogecoin network. Each node plays an important role in confirming transactions. Because there are multiple copies of the ledger, there is no central authority that controls the blockchain.

How to store

Dogecoin Storing Dogecoin requires a simple digital wallet client without a central bank, government authority, or middleman. Instead, it uses a file or seed phrase to secure the keys that allow spending of the coins. This makes the user their own bank. Users can download the core wallet or use multi-asset solutions. Because the blockchain is open and transparent, there is no central authority that can censor a transaction or freeze a specific wallet address.