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What are the key characteristics of Dogecoin
What are the key characteristics of Dogecoin
Dogecoin is a fork of Luckycoin cryptocurrency, which in turn is a fork of Litecoin.
Coin mining algorithm: AuxPoW (auxiliary proof-of-work, alternative proof of work).
Hash function: Scrypt.
Emission: unlimited.
Block dwell time: 1 minute.
Reward size: 10,000 coins per block (initially, miners were rewarded in a randomized manner up to 100,000 coins, in March 2014 a fixed reward was set).
Difficulty algorithm: DigiShield.
Mining difficulty: adjusted with each block.
Inflation rate: 5.2 billion DOGE per year.
Transaction processing speed: 6 minutes.
Commission for transfers: 1 DOGE regardless of the amount.
Replies to This Discussion
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Permalink Reply by Illatia Samo on
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Thank you for this information. I am also studying this topic. The cryptocurrency market continues to evolve. And during the pandemic it was an increase. I am considering investing in cryptocurrency
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Permalink Reply by faffot sort on
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Dogecoin was once called "a cryptocurrency after a meme." It is to survive many large projects that were predicted to have a great future. getting DOGE was much easier than bitcoin. DOGE appeared as a fork of Litecoin back in 2013. But it became famous not so long ago after the users of one of the social networks drew more attention to it. This raised the price of doge. But such a flash mob brought doge holders a good profit.
I also exchanged doge to usd using the BestChange service
It is very convenient to find a profitable exchange rate at BestChange.
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Permalink Reply by Patrick on
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Guys, I've learned a new topic here. It turns out that the crypto market works with bitcoin options. Recently I tried to sell through an option, what can I say? Indeed, a kind of contract is concluded, which provides the parties with obligations to buy / sell assets in certain quantities, at a certain cost.
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Permalink Reply by James Pinon on
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It's very interesting now to see how people try to keep trying to memorialise dogecoin. Cryptocurrency portal bitcoin times media wrote at the very beginning of this hype that there will be one outcome, this memcoin will fall in value and everyone will forget about it...So it turns out, Elon Max made a nice marketing PR for all this
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