Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
Overview of the meme cryptocurrency Dogecoin (DOGE): technical aspects, price, capitalization, development prospects
Total capitalization (as of 06.09.2019): $302.5 million
Trading turnover (24 hours): $31,971,550
Dogecoin is, first of all, a well-known meme, which later became a popular cryptocurrency. The symbol of the coin is the Doge meme, copied from a dog of the Shiba Inu breed. In 2013, a programmer from the USA, Billy Marcus, released it for the sake of experiment and did not expect to be in the TOP. But it turned out that dogecoin won the hearts of Internet users. Billy wanted to create a cryptocurrency that would be more popular than Bitcoin, but at the same time would not be related to it, since it is often used by scammers.
The Dogecoin currency was created on the basis of Luckycoin, and that, respectively, on Litecoin. For mining, the Proof-Of-Work algorithm is used, but in this case it is ASIC-resistant, which BTC cannot boast of.
Dogecoin is classified as an inflationary coin, as the developers announced an unlimited supply of coins, although after the launch they reported a limit of 100 billion coins.
The coin is inexpensive – less than one cent, and today its prospect is rather vague, because the cost of the coin does not even pay off the cost of electricity for mining. The only plus in this case is the chance to make money on speculation. Vitalik Buterin believes that Dogecoin should be transferred to the Ethereum blockchain, and perhaps this will happen soon. This event can give at least some perspective to dogecoin.
By the way, coins can also be obtained for free at one of the taps. Dogecoin can also be used to vote online.
Dogecoin has no special differences, except for the gigantic issue, which is replenished annually with 5.256 billion coins. The developer himself urges not to take it seriously, but only as an Internet currency. Cryptocurrency does not carry any technological innovations and ideas. In return, you get an interesting community where you can contribute to the development of the Jamaican bobsleigh team or the construction of a well in Africa.
