RATE Group | Dogecoin’s 60% growth over Q2 proves it should be taken seriously
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Dogecoin’s 60% growth over Q2 proves it should be taken seriously

05 Aug Dogecoin’s 60% growth over Q2 proves it should be taken seriously

Posted at 06:00h in Cryptocurrency News by

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Dogecoin has been in development since 2013. Its original creators, Billy Markus and Jackson Palmer, wanted to create a cryptocurrency that wasn’t as stuffy or boring as Bitcoin. They wanted to create a digital coin that was fun, in the hope that it would appeal to a much broader audience than conventional cryptocurrencies like Bitcoin.

Anyone that’s been involved in cryptocurrency for more than a few months will almost certainly have heard of Dogecoin. And if you’ve ever been on the internet, you’ll probably recognize the Shiba Inu “doge” that acts as the Dogecoin mascot. 

Sure, Dogecoin might play on the popular internet “doge” meme, but when it comes to cryptocurrency, it’s a serious project. 

Dogecoin was originally based on LuckyCoin which is essentially a variation of the Litecoin code, which is itself derived from Bitcoin. Dogecoin uses a similar mining algorithm to Litecoin, called Scrypt. As a result, Dogecoin has…

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