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Best Dogecoin Poker Sites

The internet world is being stormed by various crypto-currencies that promise to provide a unique way of purchasing items in a safe and private manner. One of the many digital currencies in the market today is called Dogecoin. Read along to learn more about Dogecoin.

What is Dogecoin?

Dogecoin is basically a digital currency – meaning, it is not available in the form of bills, coins, check or in fiat currency like the US dollar.
Dogecoin was created by a marketing specialist from Sydney, Australia by the name of Jackson Palmer and Billy Markus from Portland, Oregan. It was in late 2013 when Palmer and Markus formed Dogecoin and the rest is history.

How does Dogecoin work?

Dogecoin makes use of the Bitcoin source code and so it works the same as the more popular digital currency. It is said that Dogecoin is much more similar to another crypto-currency called Litecoin. Once mined, Dogecoins are held in digital wallets.

Dogecoins are also easier and faster to mine than Bitcoins. In terms of mineability, Dogecoins is pretty much greater in number than Bitcoins will ever be created. Compared to Bitcoin’s 21 Million coins, Dogecoin can be mined until there are already 100 Billion coins in existence. Surprisingly, this capped (code) is not being implemented – thus Dogecoin continues to grow beyond 100 Billion coins.

Where is Dogecoin accepted?

Dogecoin is a legitimate crypto-currency – therefore, it is widely accepted in various currency exchanges and online merchants. Dogecoin can be used to pay for commodities, goods, services, apparels, and digital products as well.

Check out this list of merchants that accept Dogecoin as a form of payment.

What is the equivalent of Dogecoin

The equivalent of 1 Doge to a dollar (USD) is insignificance. In order to see the value of a Dogecoin, we will convert 100 Dogecoin into US dollar and the equivalent is $0.02. Values vary from time to time. Here are the average values of Dogecoin converted to USD:

  • 1,000 Doge = USD 0.23
  • 10,000 Doge = USD $2.26
  • 100,000 Doge = USD 22.56

Note that 1 Doge is also equivalent to BTC 0.00000050 (at press time) but that changes quickly.

The Future of Dogecoin

Dogecoin has an increasing user base that has pledged to use the crypto-currency among any other digital currency out there. Dogecoin took time to gain popularity – but like anything else, everything needs to start somewhere.

What Dogecoin has to offer is its superior transaction time. So as long as this Dogecoiners stay loyal to their community, then the cryptocoin will definitely have a bright future ahead.