Dogecoin

With Dogecoin on the rise recently, I wish to share with you an overlook into dogecoin

What is Dogecoin?

Dogecoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online like. Think of it as "the internet currency." Its logo features a likeness of the Shiba Inu dog from the "Doge" Internet meme as its logo. Introduced as a "joke currency" on 6 December 2013.

How it outperforms Bitcoin in certain aspects

1. Transactions

Dogecoin is built as a light alternative to Bitcoin. Although Bitcoin is the most popular cryptocurrency in the world, if you had a choice, Dogecoin would be the preferred method of transferring wealth. This is because Bitcoin transactions take up to 10 minutes for it to be confirmed by the blockchain. Dogecoin on the other hand just takes 1 minute to be confirmed, making it a whopping ten times faster speed.

2)Transaction cost

Due to Dogecoin being faster than Bitcoin in terms of transaction speed, Dogecoin miner will require less energy to record transactions on the Blockchain. This causes miner fees for Dogecoin to be insanely cheap and expected to remain the same. It just takes 1 Dogecoin miner fee to transfer 1 billion Dogecoin. Bitcoin transaction fees on the other hand are getting more and more expensive as block difficulty constantly increases.

3)Immune to Bitcoin price drops

During December 2017 Bitcoin along with other major cryptocurrencies plummeted in terms of price. But not Dogecoin, in fact Dogecoin prices were still steadily rising throughout the entire month of December. Dogecoin prices rose 1000% throughout last year, that is serious earning potential.

Why Dogecoin is no longer a joke

Since its surge in November 2017, this "joke coin" has seen a steady increase and at its peak had over 2 billion dollar market cap and now it ranks within the top 20 cryptocurrencies in terms of maket cap. This justifies that Dogecoin cannot be viewed as a "joke coin" as it has great earning potential. After all, would a joke be worth 2 billion dollars?

These day, many online businesses namely Diadem jewelry,Bitcoin jerky,etc have all started to use Dogecoin as their preferred payment due to its amazing benefits.

In conclusion, Dogecoin has serious potential and I urge viewers who still view Dogecoin as a "joke coin" that this view is no longer valid. In fact, Dogecoin may outperform many other cryptocurrencies in the near future.

Thank you