Dogecoin Casinos

Dogecoin, the joke that went well

Dogecoin (DOGE) was recently thrust into the spotlight by a series of tweets from entrepreneur Elon Musk. He calls her, among other things, his “fav'”, his favorite. Joke or not, Dogecoin has always been a fun and crazy cryptocurrency since its inception. Prior to this episode, Dogecoin was a fairly low-key cryptocurrency, but held a more than decent place among the thousands of cryptocurrencies in circulation. As of February 2021, Dogecoin is ranked #17 at CoinMarketCap.

A look back at the beginnings of Dogecoin

Dogecoin is an altcoin, one of many alternatives to bitcoin, which appeared in 2013. It was designed to taunt bitcoin, which was already experiencing overwhelming popularity at the time. Its developers, Billy Markus and Jackson Palmer, wanting to make a joke, still see their cryptocurrency gain popularity until it reaches a market capitalization counting in millions of dollars some time after its creation, as well as a significant user base.

Dogecoin was thus created without any economic will and without any practical purpose. Unlike other crypto currencies, this crypto currency has no form of governance from its network. There is no roadmap to guide its development, which is almost non-existent.

Dogecoin actually maintains its “joke” image with its logo. It represents a dog used for memes, small graphic jokes on social networks. The dog, of the Japanese Shiba Inu breed, is nicknamed “Doge” by Internet users. Until now, Doge remains his logo.

Despite this state of affairs, Dogecoin is a fully functioning cryptocurrency. Application of the blockchain technology, it allows online transactions from peer to peer, secure and without intermediaries. Like all cryptocurrencies, money creation is done by mining. The number of minable Dogecoin is unlimited.

Which Dogecoin Casino to choose?

There are online casinos that accept cryptocurrencies, but do not accept withdrawal. Here we highlight the“Pure Crypto Casino” which accepts payment and withdrawal anonymously. In addition, the security of the crypto currency gives the casino the opportunity to pay the player in minutes, a record time, hence the interest of Dogecoin Casinos!

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Mining Dogecoin

Basically, anyone with a suitable computer can participate in the creation of crypto currency. But the reality is less flowery. To create a Dogecoin, an algorithm issues a complex calculation every minute that computers perceive and process. The first to get there and list it on the blockchain are recomposed into Dogecoin. Currently, mining a block pays 10,000 DOGE.

But to do this, you need a lot of computing power, a very powerful computer. With all the technical details and energy consumption, mining is not for everyone. Dogecoin is then essentially created in “mining farms”, dedicated facilities.

Buy Dogecoin

To get your own Dogecoin, the most common way is to buy your own units. This kind of purchase is done on exchange platforms. A simple account is enough to have access to it. Be careful, however, as they do due diligence to prevent criminal activity.

The most recommended is Binance, as it has large liquidity of Dogecoin. However, its purchase is also available on sure values like Kraken or Huobi. Even so, Dogecoin is not widely available on such platforms. One can then turn to individuals who offer to sell a Dogecoin balance on social networks and forums. To acquire them, it is essential to be able to store the units on a dedicated wallet: Dogecoin Wallet. This is one of the few “official” applications.

For your information, Dogecoin has been on the rise since the beginning of 2021, where it is worth about 0.004 euro in March. A rather appreciable course, as Dogecoin has not always had only bright days. Towards the end of 2019, it was worth about 0.002 euros.

Spend your Dogecoin

With this atypical profile and very low value (compared to Bitcoin, Ether or even Dash), what is Dogecoin worth? In fact, it is used for small transactions on social networks. For example, it is used to reward (tip) content creators on Twitter, Twtich or Reddit. Thus, the transactions are for small amounts (less than 10 euros) to buy music, artwork or apps, or to bet on games, Dogecoin Casinos etc… It has also been used several times to solicit donations for humanitarian purposes. This is the case of Dodge4Water, which helped finance the construction of wells in Kenya.

But generally speaking, the Dogecoin network has no current plans to develop this aspect of it.

What you should know about Dogecoin

Despite its relatively low value, Dogecoin is a cryptocurrency that has its die-hard fans and no shortage of attractions.

• Virtual currency with blockchain technology: Dogecoin enables autonomous and secure online payments.
• Ideal for micro transactions : Dogecoin is a currency without much ambition. It is mostly used between users of social networks with a tipping system.
• Highly volatile: Dogecoin is known to be extremely manipulable by the market. Its low value makes it easy to buy. Attempts have been made to raise the price, causing it to fluctuate and then fall sharply.

🙋 Frequently Asked Questions “Dogecoin Casinos”