Dogecoin is a cryptocurrency established in 2013.The digital currency has gained immense popularity in 2021.Dogecoin digital currency was inspired by a famous internet meme. The same meme image appeared on Dogecoin.Dogecoin is an opensource peer to peer cryptocurrency.Dogecoin runs on blockchain technology.Dogecoin initial start as a joke.
How to Invest in Dogecoin
You can purchase Dogecoins from any brokerage sites that trade it.Most popular cryptocurrency markets are Kraken and Binance and brokerages like Robinhood.You can buy Dogecoins using a debit or credit card.Binance and Kraken have a fee schedule.Robinhood provide commission free trading on cryptocurrencies.Transaction take 40 and 60 minutes.
When you purchase any cryptocurrency you need to acquire a crypto wallet to keep it safe.Crypto wallet holds the private key to access your currencies on the blockchain.You can use external hard drive.These external hard drive are more safe because they store your keys offline preventing hacking.
Cryptocurrency mining can be done individually or group known as pool mining.Cryptocurrency mining occurs by individuals completing algebaric formulas and mathematical.Mining Dogecoins can be expensive.Dogecoin is unique from popular cryptocurrencies in the way it is mined.These coins are mined using Scrypt technology. Dogecoins have a block time of about one minute.It has a mining block reward of 10,000 dogecoins.Ther are more than 130 billions Dogecoins in circulation.