Dogecoin – A Quick History
Dogecoin is an interesting new way of thinking about the future of money. Unlike many other “alt currencies”, this one isn’t meant to stay afloat on its own – it is meant to act as a bridge between traditional currencies and the more obscure dogecoin. The problem is that most people have no idea what dogecoin is. While there have been some attempts to define it, these tend to focus on things like how it acts as a novelty or the idea that it has grown in popularity. Neither of these is particularly helpful to understanding what dogecoin is.
was designed as a solution to the problems inherent in the world of Cryptocurrencies. Cryptocurrencies are systems that trade directly among themselves without any intervention from a third party. Because these systems operate with no centralized body, there can be plenty of risks that come from holding a majority of the currency. Traders get their information from different sources and then try to predict which way the value of one currency will move next. Because of this, it can be very hard to know how to make a profit off of a particular currency if there is only a small percentage of people holding a significant amount of it.
Because of this,
dogecoin was developed as a solution. The developers of dogecoin took the basic concepts of Cryptocurrencies and combined them with light-hearted humor and unique design. They included elements from smart contracts to create what is known as “minting doge” or using doge to encourage investors. Because of the doge’s light-hearted design, it is easy to understand why it has become so popular – many people enjoy the whimsical nature of this particular element when investing in Cryptocurrencies.
To explain what dogecoin is,
we need to look into the history of its creators. Doge was born out of a long line of ideas regarding space travel and the exploration of the outer reaches of the earth. Among these early ideas was the Space Race, which pitted nations against each other to achieve space at an incredibly fast rate. One of the main ideas was to build a vehicle that could travel the distance between the Earth and the Moon in less than 24 hours.
In the early days of the Space Race,
there were many different ideas for how to make such a vehicle. One of these was to use the new technology of cryptographic tweeting as a way to communicate between the various nations. When Twitter was released, it became obvious that this would be a great way to communicate and spread information on the fly. Therefore, dogecoin was born as a result of one of the early dogecoin developers posting some interesting tweets about traveling between the Earth and the Moon using a Dogecoin-based coin.
has come a long way from its humble beginnings as a fun joke among the dogecoin developers. This funny joke has grown into a powerful currency that has been talked about by everyone from Alex Jones to President Obama. As more news of the plans for Dogecoin comes out, people all over the world are getting excited and curious about this crazy new trend that seems to have no end in sight. What will we do next?