Dogecoin, some people call it "Dogecoin/Dogecoin", was born on December 8, 2013. Based on the Scrypt algorithm, it is the second largest virtual currency in the world after Bitcoin in terms of users. After the Dogecoin system was launched, due to the help of reddit (the content of Doge on this website is terribly flooded), the traffic has shown explosive development. However, within two weeks, Dogecoin has launched a dedicated blog and forum. As of 2015 On June 9, the market value reached 100 million. Since there is no pre-mining, the distribution of Dogecoin is fair, the culture of charity and rewards is very popular, and the user development is amazingly rapid. On June 9, 2015, the number of Dogecoin client addresses was 1.6 million, more than five times that of Litecoin; the number of active client addresses was 196,000 for Bitcoin, 83,000 for Dogecoin, and 11,000 for Litecoin; the number of foreign twitter followers was 150,000 The number of users is 1.7 times that of Bitcoin and 6 times that of Litecoin. The number of Facebook likes is the same as that of Bitcoin, far exceeding Litecoin. The daily real trading volume has been ranked among the top three virtual currencies for a long time, which is still not as good as it was before it became a major platform. The greatest value in the enterprise Internet era is the huge number of users. It took one year for the user base of Dogecoin to reach one-third of the number of Bitcoin users and four times that of Litecoin.

1. Birth background

Dogecoin was born on December 12, 2013. One author is Jackson Palmer, an Australian brand and marketing expert, and the other is a programmer Palmer in Portland, Oregon, USA.

Dogecoin is based on the Scrypt algorithm, and the transaction process is more convenient than Bitcoin. The confirmation time of Dogecoin is only 1 minute, and BTC takes 10 minutes. Moreover, the number of Dogecoin is more, the price is low, and the transfer speed is suitable for online payment. Rewards, etc., are more convenient for the psychological needs of the public, making it more convenient for the development of civilians.

Dogecoin has its own core culture. It has a good cultural background-tipping culture, a good humanistic background-charity culture, and a good popularity prospect-grassroots culture.

Dogecoin mined 100 billion in the first year, and 5 billion per year after that, with no upper limit. That is, one year later, the inflation rate will remain at 5% per year and keep decreasing. After 20 years, the annual inflation rate will only be 2.5%. This is more in line with the development of the currency. Dogecoin has mined more than 90 billion, and it will be halved again around October 2 in five days. At that time, the inflation rate will be lower than that of Bitcoin.

Dogecoin has adopted auxiliary mining, and its computing power has risen from 60G to nearly 1T. It can be said that auxiliary mining has solved the biggest security problem of Dogecoin. Assisted mining is a completely different solution from the merged mining proposed by the former LTC founders.

2. Application of Dogecoin

Facebook Consumption Apps through Dogecoin
Two tipping apps have been approved by Facebook. The two apps are Doge Tipping App and Multicoin Tipping App. The former is limited to Dogecoin, and the latter includes 14 altcoins including Dogecoin, which can be rewarded for comments on Facebook. This is not the first time that electronic money has appeared on Facebook, but this is indeed the first time that dedicated tipping service software has logged on to this platform.

Alejandro Caballero, head of the software development team, called the approval of the two apps a "double surprise," and the team is now working hard to introduce more new coins to the space. The Dogecoin community applauded the event and gave Dogecoin as encouragement.

Although Facebook has approved these two apps to go online, users should pay attention to the relevant restrictions. The tipping function is limited to approved groups, which can avoid user confusion, but groups can be added, so the actual All Facebook users on the website may receive rewards.

In addition to launching on Facebook, the development team has a more ambitious plan to develop a global tipping platform for WordPress, Drupal, Joomla, Xenforo, PHPBB, etc. Dogecoin is a relatively popular tipping tool, but it is limited by some platforms. This login on Facebook will bring more users to Dogecoin.

Twitch Accepts Dogecoin
On October 22, 2014, Twitch, a real-time streaming video platform for video games, announced on its official twitter that the company has accepted dogecoin (dogecoin) ) as its payment subscription method. It is worth noting that Twitch, a company, was successfully acquired by Amazon at the end of last month for $970 million, making it the largest acquisition in Amazon's history.

Twitch was established in June 2011, mainly providing live streaming video services for gamers. Twitch said it has more than 55 million monthly active users.

Dogecoin High School Esports League
The first game of the US High School Esports League (HSEL) will have 50k Dogecoin as a bonus.

The game chosen by the league is "League of Legends" (translated as "League of Legends" in China), which is a very popular free online game. The league took place between September 20 and November 8, 2014, followed by a week-long playoffs. November 22, 2014 will be the final date.

What's more, you can follow the match live on twitch.tv! During the competition on September 20th, 50,000 dogecoins will be distributed, and as more and more people start to pay attention, the word "doge" will also spread. This sounds like an interesting experiment

US$446,000 financing
According to news on January 6, the team of dogecoin (dogecoin) popular tipping tool dogetipbot has raised nearly US$446,000 in the seed round.

The round was led by Blackbird Ventures, a Sydney-based venture capital group, with other investors including angel investors Scott and Cyan Banister.

It is reported that Dogetipbot is a tool that allows users to tip small amounts of Dogecoin. The tipping tool supports Reddit, Twitter and Twitch. According to Dogetipbot, so far, the service has processed over 650 million transactions.

The international payment platform GoCoin announced plans to support dogecoin
This means that merchants using the platform will soon be able to accept dogecoin payments. GoCoin already supports bitcoin and litecoin.

GoCoin founder and CEO Steve Beauregard said: "We have carefully looked at all the latest altcoins and selected dogecoin as a viable currency payment, in large part, due to its social Power.”By integrating dogecoin into our platform, GoCoin is one step closer to enabling merchants to accept any digital currency, increasing sales and reaching new customers. "

"We expect to be able to live with dogecoin in the coming weeks," he added.

American Xidax company became the first company to support Dogecoin payment
[Global Network Comprehensive Report] According to the report of the US "Forbes" website on March 26, a senior individual from Salt Lake City, Utah, USA Xidax, a computer generator company, has become the first generator company to accept Dogecoin as a payment currency. Due to the success of the company's previous bitcoin payment, Xidax's Dogecoin payment was also applied at the request of Dogecoin users.

Large gift card exchange website supports DOGECOIN purchase
As more and more e-commerce websites provide support for purchasing shopping cards with Dogecoin, the large gift card exchange website EGIFTER.COM has also started Support DOGECOIN to purchase gift cards.

“No Contact for a Day” MSF Dogecoin Game Fundraiser
This is a fundraising challenge in solidarity (similar to a minigame fundraiser). Enough money will be raised to help Doctors Without Borders (MSF) treat Ebola victims and improve the lives of people in West Africa.

CheapAir announced that it accepts Dogecoin for booking flights
On September 4, 2014, CheapAir announced that it accepted Dogecoin and Litecoin after accepting Bitcoin to book flights and train tickets Book a flight. CheapAir revealed that the site has done $1.5 million in total bitcoin sales since adding the bitcoin payment method.

Dogecoin tipping application artifact "BiTui"
With the emergence of the English tipping artifact dogetipbot, the development of domestic tipping application software is not far behind. The tipping artifact quickly became popular in the Shibi circle as soon as it was born. As long as you see your favorite comments, favorite celebrities, and favorite Weibo bloggers, you can directly reward the other party through the coin push artifact, and the entire Shibi The circle is immersed in the cheerful atmosphere of rewarding each other for fun. It is reported that the author of Bitui is developing a WeChat version, so that it is convenient for Shibi to reward each other with red envelopes during the traditional Chinese festival, the Spring Festival.

Related links:
https://baike.baidu.com/item/%E7%8B%97%E5%B8%81
https://dogecoin.com /
https://baike.baidu.com/reference/4026751/92f0WcjE_KnK7FvPXSGgnrzVmIYYIt5649rBDyqze2qSMcMA1QBRuFElmjgaqiH2FuD0Yq
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