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What is Dogecoin? | MyWalletHero

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Dogecoin is one of many digital currencies (or Cryptocurrency). But why on earth is this represented by a dog’s face, so why does Elon Musk actually use it to send a rocket to the moon?

This is all about Dogecoin.

Where did Dogecoin come from?

Dogecoin (pronounced “dough-je-coin” instead of “dodge-coin”) was created in 2013 by software engineers Jackson Palmer and Billy Markus.

Like the other Cryptocurrency type, You can buy and sell Dogecoin like an investment or spend it like money.

But Unlike With many other types of cryptocurrencies, the number of coins that can be mined increases each year.

For example, one of the first cryptocurrencies, Bitcoin Coin supply is limited – 21 million to be exact. There is no more.

As more Bitcoins are mined, they become more rare and more valuable. At the time of writing, 1 Bitcoin is worth about £ 40,270. In contrast, there are 129 billion Dogecoins in circulation today, each worth about 36p.

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Why does Dogecoin use a dog’s face?

If you are not familiar with Dogecoin, it is represented by a dog’s half-smile that seems to know clearly what you don’t know.

The dog is a Shiba Inu, a type of hunting dog born in Japan. And the particular Shiba Inu, the face of Dogecoin, is based on a real dog called Kabosu.

Kabosu Man is an unpretentious school teacher who writes one of Japan’s most popular pet blogs.One Photo The kabosu used in the blog in 2010 showed that he knew the brilliance of his eyes with his legs crossed. The image spread by word of mouth with a caption along the line “Look at this doge.”

The term “doge” may have been a typo. However, it is also considered as a reference to a web series called Homestar Runner (a kind of crude Muppet Show) where “doge” is a comedy pronunciation of “dog”.

Like many viral images, Kabosu has become a meme. Random words and phrases have also been added around her to express what Kabso is thinking. They were pretty random, as you would expect from a dog’s idea.

The phrase was also played based on the fact that Kabso clearly does not understand English grammar well with phrases like “such awesome, many surprises”.

Is Dogecoin a joke?

OK, this is where the world of software engineers Palmer and Marcus meet Kabso’s memes.Dogecoin did It started as a parody of other cryptocurrencies and was just a little fun.

At that time, Kabuki memes were everywhere and spread her. Lots of love and very happiness. At the same time, the new digital currency Bitcoin had cult-like support thanks to its mysterious origin.

Therefore, like all the good parodies they imitate what they mock, Palmer and Marcus created cryptocurrencies using Dogecoin, the biggest comedy trend on the Internet.

The· Dogecoin website It still has comedy roots and claims to be “an open source peer-to-peer digital currency favored by Shiba Inu around the world.”

Can I spend Dogecoin at the store?

Dogecoin may have started as a parody, but it’s actually in use.A complete list of places to accept Dogecoin can be found at the company website. Grocery stores, clothing stores, and even Hotel group..

Keep in mind that most retailers in the world still prefer fiat money (such as pounds and pence) and cryptocurrency payments are still a relatively niche.

Does Dogecoin Fund Space Missions?

Just a few days ago, Elon Musk said he would use Dogecoin to fund SpaceX missions to the Moon. The DOGE-1 rocket focuses on using sensors and cameras to collect information about the Moon.

is that true?Well there was Press release And a tweet to announce it. But over time, it will become clear whether it is genuine or satirical about the susceptibility of society to be deceived.

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What is Dogecoin? | MyWalletHero

Source link What is Dogecoin? | MyWalletHero

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