What is Dogecoin?
Glossary
Dogecoin (currency code: DOGE) was born on December 8, 2013. It is the first generation of cryptocurrency and the second largest virtual currency in the world after Bitcoin in terms of user count. It can safely transfer value around the world.
Dogecoin was founded by Billy Marcus and Jackson Palmer. Both men worked in the technology field before starting the Dogecoin project. Marcus is a software engineer at IBM and Palmer is a programmer at Adobe. Dogecoin is a digital currency symbolized by the Japanese Shiba Inu dog. The developers designed it this way to give people a relaxing and enjoyable experience with the tokens. Like Bitcoin and Litecoin, Dogecoin enables peer-to-peer transactions to be conducted without censorship.
In 2021, Dogecoin has once again attracted people’s attention. Retail investors fought back against short-selling hedge funds, with the token rising more than 800% in 24 hours. The backlash was organized by Reddit users, spearheaded by "WSBChairman" (username). It also received strong support from Elon Musk, the world’s richest man and Tesla CEO. (From the translation team of Shenyi Bureau-36Kr.)
How to buy Dogecoin
Dogecoin is currently available on some exchanges. Binance and Kraken both support Dogecoin. Most importantly, these exchanges are fiat channels. You can buy cryptocurrencies directly using your debit or credit card. First, you need to fund your account and then convert your fiat currency to Bitcoin, Ethereum, or any other currency. (From the translation team of Shenyi Bureau-36Kr.)
How to store Dogecoin
There are many ways to store Dogecoin today. One of the best ways to do this is by depositing into the Jaxx wallet. The Jaxx wallet is free for both Apple and Android devices. Not only can it be used to store Dogecoin and other currencies, but it can also be traded directly by users. (From the translation team of Shenyi Bureau-36Kr.)
