Who would have thought that a meme would go so far, an open source peer-to-peer cryptocurrency or a famous meme dog on the Internet is all Dogecoin. The widespread meme of the Shiba Inu breed has its own fan base, but what about the coin?
What is Dogecoin (DOGE)
Initially, Dogecoin was called Lucky coin and was built on Litecoin and was also a fork of Bitcoin. A fork is, in fact, the result of the process of dividing an existing blockchain into several branches. That is, a new coin with improved characteristics of bitcoin itself is being created based on the original bitcoin blockchain. Faster transactions and a large number of coins were the key differences between Bitcoin and Litecoin.
Two programmers decided to make a joke and that's what came out of it. The coin was launched on December 6, 2013 by two programmers Jackson Palmer (from Adobe) and Billy Marcus (from IBM). The creators themselves did not expect such an effect, they could not even think where this joke would lead.
The project was initially met with a great deal of scepticism, but because of the cryptocurrency industry's rapid expansion and a thriving community—the official Dogecoin Twitter account, for instance, has more than 2.7 million subscribers—it is now not only among the TOP 20 by market capitalization but also one of the most frequently mentioned projects in the media and on social media.
Dogecoin in Space
The madness around this coin does not end, and in March 2021, Mark Cuban, owner of the Dallas Mavericks basketball team, announced that he would use Dogecoin to buy goods, food, and tickets to games. And this is not the end, SpaceX, yes, the very project of Elon Musk, and Dogecoin announced a joint lunar mission which is set to launch in the first quarter of 2022, which will be paid for by DOGE. When did a joke stop being a joke?
However, the mission is still being finalized, and it is currently planned to be orbital. According to a Geometric press statement, SpaceX plans to launch an 88-pound (40-kg) CubeSat called Doge-1 on the trip in order to acquire "lunar-spatial intelligence... with integrated communications and computational capabilities" (opens in new tab). Additionally, the payload will have sensors and cameras, the specifics of which are still classified.
Why Use Dogecoin When Gambling
Dogecoin is a common crypt for use in crypto casino games and provides a similar set of benefits to its peers:
- Anonymity, of course. Your personal information is not required by the system. Even the casinos themselves won't know which ones you frequent or how much you typically wager.
- Speed. Compared to the transfer of fiat money, cryptocurrency will move money more quickly.
- Economy. Compared to conventional transfers, Doge transactions are significantly less expensive. In addition, larger player payout percentages are typical in cryptocurrency casinos.
- Honesty. You can be certain that you are not being duped when you play at a casino that can prove its fairness.
Even when compared to other cryptocurrencies, some thrill-seekers think that playing on DOGE is more profitable. Higher speed and significantly reduced transaction costs are the primary points of contention. As 1 Dogecoin is currently equivalent to approximately $ 0.6 USD, it is more convenient for someone to count huge sums of coins as opposed to 10,000 shares.
Gamble with DOGE at CryptoVegas
Dogecoin has allegedly evolved into "the most meme coin" recently. This increases the fervour of the gambling process itself and benefits the value of the coin.
Beginners frequently search for Dogecoin taps that purport to let you make some money. Some of them actually assist you in "becoming accustomed" to the coin, but you should exercise caution when using such sources. Go only to trusted sites and crypto casinos like CryptoVegasBet.
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