What is Dogecoin? | Newsverso Glossary

Initially, Dogecoin was intended to be a virtual currency to be used as a form of gratification on the internet, but it ended up gaining popularity as an alternative cryptocurrency.

Like other cryptocurrencies, Dogecoin uses cryptography to ensure the security of transactions and to control the creation of new units. It uses the same technical protocol as Bitcoin, but has some notable differences, such as the unlimited coin supply.

Dogecoin is also known for having a very engaged community, which frequently runs charity campaigns and donations on its social network.

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Read also After Musk announced Dogecoin on Twitter, the cryptocurrency is overvalued

After Musk announced Dogecoin on Twitter, the cryptocurrency is overvalued; understand

Dogecoin, the famous meme cryptocurrency, shocked Twitter users this Monday (3) by replacing timearialies the little blue bird of the social network. Within minutes, hundreds of thousands of tweets were generated on the subject. The Dogecoin puppy even topped the trending topics on Twitter in Brazil. With DOGE in the spotlight, the appreciation of the currency was inevitable. The increase was 24% this Monday alone.