What Does Dogecoin Do?

[Crestie C. Tuvilla]

Dogecoin is based on Litecoin, which means all changes and updates made to Litecoin will also apply to Dogecoin.

Dogecoin never set out to create any groundbreaking technology on the blockchain or do anything fancy and new—it’s just a simple cryptocurrency transaction platform, with a dog slapped on its face.

Dogecoin has stayed low in value with very small transaction fees, allowing it to be a cryptocurrency that people actually use, instead of just hold on to as an investment. Dogecoin has become the most popular coin to tip people over the internet in appreciation for their content.

Let’s say a person wants to send 10 cents to someone for their helpful comment on Reddit, for example. In Bitcoin, that’s currently 0.000006 BTC. But 10 cents translates to 6.02 DOGE, a much easier conversion rate. Plus, the transaction will be much faster and cheaper than BTC. For this reason, Dogecoin has become the most popular coin to use for rewarding others quickly and easily. It’s a common occurence to see Reddit and Twitter users tipping each other small amounts of DOGE for entertaining content.