What is Dogecoin?

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

I came across an online store which accepted something calle Dogecoin. What is Dogecoin? Is it like Bitcoin?

 
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  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4079

Hi there,

Dogecoin is a cryptocurrency which uses blockchain technology, like bitcoin. The biggest difference is that (like litecoin) dogecoin blocks are generated faster than bitcoin blocks. Because of its lower value and comical approach, doggecoin enjoys a strong following among people who like to make transactions in cryptocurrency. This is in contrast to bitcoin, which has largely been used by investors as a speculative instrument.

Best regards from Moneyguru

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