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What is Dogecoin? Dogecoin is an alternative currency, sometimes used as an alternative for Cash. But more often than not used as payment for goods and services. Dogecoin derived from the word “Dogs” which some people might associate with the Shiba Inu breed of dogs. Doge derived from the dog’s original name which was Doogs Horseless. However, this did not stop Doge from growing into a successful alternative to traditional currencies in the virtual world. It is especially during its rise and success in the virtual exchanges industry.
Type of Dogecoin
What is Dogecoin exactly? Doge is a type of virtual currency that was created for the sole purpose. It is using as payment in online transactions such as in the Doge marketplace. Doge is actually a protocol that built on top of the popular peer-to-peer transaction platform. It is called the Internet and designed around a concept known as the “blockchain”. The Doge protocol was first implemented around four years ago. When it first released as a testbed for new digital currencies that would launch in the future.
Brief history of Dogecoin
What is Dogecoin today? Dogecoincards are one of the most popular forms of currency that are circulating throughout the virtual world right now. Doge has also gained significant traction as a novelty social media tool. Since the release of its launch in April of 2009. So, Doge is now accepted by many restaurants worldwide. And it has also found some application as an online currency for websites that accept Dogecoins as donations. Even Cosmo Celebrities has reportedly partaken in trading Doge for items they need online.
What is Dogecoin exactly though? What is Doge? In brief, Doge, short for the Dogu currency. It is a custom-made form of dog-printed coins that can be exchanged for cash or other goods online. This was the thought behind the Dogecoin release in April of 2009. The idea being that a group of hip hop musicians would adopt the new custom-made coin as their new way to make online donations to charity. Since then, the Doge community has grown significantly. Hundreds of people from around the globe have given their endorsement to this new custom-made currency.
Establishing of Dogecoin
The Dogecoin Foundation was established in March of 2010. With the intention of raising funds for various projects that promote good causes and do good deeds around the globe. Among those projects included the funding for the Dogecoin Africa initiative, which aims to promote African culture through dogecoin. Among the projects that are carried out with Doge are the Dogebution Scholarship Program. It provides scholarship money to young people in over fifteen countries; the Doge Light Up Africa program, which distributes dogecoins to people living in fourteen African countries; Dogecoin Across Borders, which conduct campaigns and activities in fifteen African countries; and the Dogecoin promo campaign, which are involved in the marketing of Dogecoin in the United Kingdom and throughout Europe.
The Dogecoin Foundation started out as the European Dogecoin initiative. But afterwards it gained support from organizations in the United Kingdom, Australia and America as well. The Dogecoin Foundation was created to strengthen the foundation of Dogecoin, to help it grow globally.
One of the most recent major developments involving dogecoin involves a viral promotion. The Dogecoin developers released a series of tweets, known as the Dogeballoon, on April Fool’s Day. It is for promoting the new custom-made Dogecoin series of cards. The tweets animated dogecorns, or inu dog cartoons that released in two different parts. One before the tweet sent and one after the tweet sent. The dogecorns started out with an animated, talking dog and the second part featured the doges, or the dog wearing a crown. The cards, as well as all the other stuff about Dogecoin designed by the Dogecoin logo. As a promotional gesture for the upcoming celebration of Dogecoin.
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