Dogecoin
Dogecoin is a meme coin inspired by a meme on the internet with the Shiba Inu as its logo. It uses a PoW network that is a fork of Litecoin.
Categories:
Layer1
Updated:
2023-03-10
Tags:
Medium of Exchange
Ticker:
DOGE
Token Strength.
Token Utility:
$DOGE is an internet meme coin used for peer-to-peer transactions and payment of transaction fees. Some institutions accept DOGE as a payment method.
Demand Driver:
Demand for $DOGE mainly comes from short-term speculative investors and the payment of gas fees.
Value Creation:
A peer-to-peer decentralized payment network allows users to transact their funds without relying on a single entity or institution.
Value Capture:
$DOGE can be used to pay for transactions on the network and for payment in some institutions.
Business Model:
Miners are responsible for keeping the network safe and verifying transactions. Blocks are created every minute and have a reward of 10,000 $DOGE and transaction fees paid to the miners.
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Protocol Analysis.
| Problems & Solutions | The protocol allows the transfer of funds without relying upon any centralized authority, but there are tons of protocols doing the same, so it is not unique. |
|---|---|
| Predecessors | Dogecoin is inspired by Litecoin's technology. Dogecoin founders forked Litecoin and evolved it into a widely-known meme coin. |
Investment Take
... coming soon
Tokenomics Timeline.
2013-12-06
Dogecoin Launch
Born of Dogecoin
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Ecosystem Users.
Resources.
Author.
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