Shiba Inu Beats Dogecoin? Why The Internet Loves It

Dogecoin is the new cryptocurrency that is gaining popularity among Internet users. It was launched in December last year with a focus on fun and not being another serious virtual currency like Bitcoin. Dogecoin has been marketed as the “funny” alternative to Bitcoin. Dogecoin is also a decentralized, peer-to-peer digital currency that uses dog images to stand out from other cryptocurrencies like Litecoin and Bitcoin. But why exactly is this Shiba Inu-inspired alt-coin becoming so popular? Let’s take a closer look at Dogecoin, its origins, and why it has become so popular in such a short space of time.

Why Dogecoin?

Dogecoin is a cryptocurrency that has no serious intentions. It was designed to be a fun alternative to Bitcoin, which was seen as a more serious alternative at the time. Dogecoin is still the most popular cryptocurrency that is animated, uses Comic Sans font, and is based on a Shiba Inu dog meme. The inherent silliness of Dogecoin has allowed it to grow in popularity and achieve new milestones as a cryptocurrency. Dogecoin has been used for charity, and it broke a world record for the most coins mined in a single day. Dogecoin has even been used to start the Dogecoin auto racing team. The team members even race with a giant Dogecoin logo on their chests. Dogecoin is a pioneer when it comes to crowdfunding through cryptocurrencies. It raised $30,000 in donations to send the Jamaican bobsled team to the Sochi Winter Olympics in 2014. The Dogecoin community is a vibrant one, with users constantly coming up with new ways to use Dogecoin and promote it.

How Is Dogecoin Different From Bitcoin?

Dogecoin is a decentralized, peer-to-peer digital currency that uses dog images to stand out from other cryptocurrencies like Litecoin and Bitcoin. It has a low supply of coins and also has a fast block mining time. Dogecoin was primarily created to provide a cheaper and simpler way of transferring money online. It is also used to make online transactions more accessible and improve the way people send money online. Dogecoin is one of the most transacted cryptocurrencies in the world for daily use. Through its use cases, speed, and low transaction costs, Dogecoin is ideal for everyday transactions. Dogecoin’s supply of coins is uncapped while Bitcoin has a limited supply of 21 million coins that will be mined over time. Bitcoin is currently more valuable than Dogecoin, and there are more people trading and mining it globally. The Dogecoin network also has less hashing power than Bitcoin. That is because coins like Bitcoin are harder to mine and have more hashing power than Dogecoin. Dogecoin also has a faster block time than Bitcoin. This means that new blocks are mined in Dogecoin’s blockchain every minute, compared to 10 minutes for Bitcoin. This makes Dogecoin suitable for micro-payments and daily transactions.

Where Can You Buy and Sell Dogecoins?

You can buy and sell Dogecoins on various exchanges such as Binance, HitBTC, and Changelly. Dogecoin can be stored in dedicated Dogecoin wallets such as Dogecoin Wallet or Dogewallet. Dogecoin can also be converted to other cryptocurrencies such as Bitcoin and Ethereum on exchanges. You can also start mining Dogecoins by joining a mining pool. You will need to use specialized computer software to mine Dogecoins. You can also earn Dogecoins by tipping others on websites like Reddit and Twitter, or by completing online survey and other tasks. You can also buy Dogecoins through the use of a Dogecoin wallet.

Why Do People Love Shiba Inus and Dogecoins?

The Shiba Inu is a small Japanese breed of dog that became popular on the Internet in 2011. It found a new audience on social media websites like Reddit and Instagram when people started posting images of the Shiba Inu dogs with silly captions. The images went viral, and Dogecoin was created. The Shiba Inu was used because it was one of the least genetically diverse breeds of dog in the world and had no unique qualities. No one owned the copyright or trademark for the image of the Shiba Inu, which allowed for the creation of Dogecoin. The Shiba Inu dogs are known as “shibes” which is used to represent the Dogecoin community. The Internet loves Dogecoins because of the silliness and ridiculousness associated with them. They are used as a way to tip each other online, and are given away to people in the community.

Final Words

The popularity of Dogecoin is attributed to the core mission behind it: fun. It is a cryptocurrency created to foster a positive community, and it has managed to do so over the years. This is why the Internet loves Dogecoin, and why it has become so popular. The Internet loves that Dogecoin doesn't take itself too seriously, and just wants everyone to have a good time.