As a rather new cryptocurrency which has achieved a market capitalization of over 1 billion USD, it is fascinating to know that Dogecoin obtained such achievement without the presence of a whitepaper or feasible products. Since there is no whitepaper of Dogecoin to be found online, this post will be dedicated to provide some brief descriptions or even insight on Dogecoin.
If you have been actively involved in the meme community before, you might know that doge refers to a specific breed of dog which is none other than the famous Shiba Inu. Dogecoin a.k.a DOGE or XDG is a completely decentralized and anonymous cryptocurrency which packed with impressive level of security. One of the mainstream uses of Dogecoin is to tip fellow netizens who share or create interesting contents. It is analogous to “like” or “upvote” on various social media platform but more valuable since Dogecoin possesses monetary value. Like the cash we use in day to day transaction, we need a wallet to store our cash/Dogecoin. However, instead of a physical wallet, Dogecoin is often stored in “wallet” program which can be desktop, mobile or browser based. These wallets can either be offline or online, each with their own advantages and disadvantages.
Besides tipping fellow netizens, Dogecoin can also be used as a means of payment on various business site which accept Dogecoin. An elaborated list of businesses which accept Dogecoin can be discovered HERE. To get your hands on this meme currency, the most hassle- free way is to buy it using a debit/credit card. However, the price of the Dogecoin bought this way will inevitably be slightly higher from the market price but the conveniences in return are often worth the price. Alternatively, one can opt for buying Dogecoin on Dogecoin market which is vastly similar to a stock market.
To acquire more information on Dogecoin, a link to a free E-book, The Dogecoin Survival Guide, 2nd ed has been provided at the bottom of this site. Although it is not the whitepaper for Dogecoin, it contains tremendous amount of useful info that someone would want to extract from a whitepaper.