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Meme To Coin:
A meme is a picture or a GIF with messages and quotes written on it to suit a particular situation or scenario. Memes have become more popular on the internet due to social media like facebook, twitter, Instagram, WhatsApp and other messengers. We now have a meme for every situation.
Similarly, in 2013, the doge meme became the most popular meme on the internet. This meme was derived from a photograph of a female Shiba Inu puppy named Kabosu. This breed of dogs became famous as Doge.
In the meme, you can see the Shiba Inu dog picture under which messages and sentences are written. These dogs were then commonly known as Doge, so this meme is named as the doge meme.
In 2013 the developers of the coin were looking for a unique and funny name for their cryptocurrency to gain the attention of non-cryptocurrency users, so they came up with the name Dogecoin. Because of this funny and catchy name, the coin which was named mostly for fun became a huge success. Dogecoin was founded by Billy Marcus and Jackson Palmer in 2013.
Jackson made a joke on the internet regarding DDogecoin, i.e. "Investing in Dogecoin – pretty sure it's the next big thing." This joke gained the attention of many people, including Billy Marcus's who was a programmer in Oregon. They both got into contact and discussed the possibility of the joke turning into reality.
It became a serious project, and on 6th December 2013, DDogecoin was ready to use. There are many other volunteers and developers in the dogecoin team. Its capitalization was worth $60 million in the year 2014.
Dogecoin: What Is It?
Dogecoin is commonly known as Doge. It is an open-source, peer-to-peer cryptocurrency like bitcoin, litecoin and dashcoin which uses the blockchain technology. It is based on Luckycoin which his based on Litecoin. Dogecoin uses the same Scrypt-based algorithm as litecoin.
Dogecoin transactions are simple and effortless. The miners get a reward for mining the block of coins. The fees charged for the transaction is very less compared to other cryptocurrencies.
The coin has a picture of a Shiba Inu dog on it. It was a joke which became a success. The success has given rise to a Dogecoin community in which people deal in Dogecoin. These are some current dogecoin statistics:
Dogecoin Controvercies And Scams:
Dogecoin is a very friendly coin, which is simple to use. This factor, along with the joke meme, has given it lots of limelight. People became interested in DDogecoin and joined its community.
They call themselves "Shibes" and have their own shibe language and shibe meme generator to generate different dogecoin memes. The community uses its platform to support various causes. The contributions of the community are as follows:
USD 50,000 was raised in the year 2014 to send the Jamaican Bobsled team to the Sochi Winter Olympics.
A man named Josh Wise was helped by the community members in March 2014. They raised USD 55,000 to support him to participate in (NASCAR) North-American Stock Car Auto Racing.
The community uses the Reddit platform to raise money for charity and good causes like SocksForTheHomeless and DogePizza. They also get Dogecoin for posting good content on the Reddit site.
USD 30,000 was raised for World Water Day to help build clean water wells in the Tana Valley in Kenya.
Dogecoin community is what makes it different from all the other cryptocurrencies. Although Dogecoin has used Bitcoin's Blockchain technique, its community is unlike any other cryptocurrency's. It is friendly, simple, easy to use, effortless and less costly.
Dogecoin's community is where all the people come together to have fun, communicate and make the world a better place. Even after facing two significant scams, the community is still intact and working on other projects to help people.
This reminds us that "Unity is Strength and United we can do anything." All the other cryptocurrencies should adopt such a friendly community technique.