Dogecoin is one of the most well-known and loved cryptocurrencies in existence today. Dogecoin is an open-source digital currency that is used by internet users worldwide, based on Litecoin.
The initial aim of the coin was to create an easy to use transaction platform. Dogecoin has a strong and loyal user base who use Doge as a currency rather than just hold it as a speculative asset. Although, like other cryptocurrencies, Dogecoin can be held as an investment or traded in pursuit of profit.
Dogecoin is significantly faster than other altcoins. The currency has a block time of 60 seconds which is faster compared to other cryptocurrencies. The difficulty retarget time is four hours.
Dogecoin has low transaction fees which makes it more suitable for regular use.
Due to its low value, DOGE has become an ‘online tipping currency’ or ‘gaming currency’, which has resulted in more and more people joining the dogecoin community.
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