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<blockquote data-quote="arrana" data-source="post: 237499" data-attributes="member: 13714"><p><strong>DogeCoin</strong></p><p></p><p>DogeCoin is fast becoming the # 2 crypto currency on the exchange markets behind BitCoin. It is the crypto currency whose symbol is a Shiba Inus breed dog nicknamed “Shibeâ€. Acceptable pronunciations of DogeCoin include “dohjâ€, “dogâ€, and “dog-eeâ€. But most DogeCoin users refer to themselves as “Shibesâ€. </p><p></p><p>The currency was created by a Portland, Oregon by a programmer, Billy Markus, just three months ago (December 2013) and circulation is estimated at 75 billion coins as of March 2014. One US dollar is worth 1,370.35 DogeCoins (Doges) at today’s rate of exchange. In perspective, it would take DOGE 812,182.74 to buy one BitCoin. Because of the large number of Doges needed for payment the term “Mega Doges†is used to denote prices.</p><p>DogeCoins are unique among the crypto currencies as it prevents “dust transactionsâ€. Dust transactions occur when an extremely small amount of a currency’s coinage is involved in a transaction. The recording of all transactions, no matter how small, lengthen a currency’s BlockChain (the public record of all transactions) and all users have to be updated. The process of constant updating and recording of these miniscule and mostly unnecessary transactions is viewed as a type of “spammingâ€. To prevent this, DogeCoin has developed its code to only transfer whole Doges. So one Doge is only worth one Doge-no partial Doges can ever be accepted. </p><p></p><p>Let’s compare Doges to a fiat currency. AS an example, a USD equals 100 American pennies (cents). One penny by itself cannot be split into divisions, but put enough of them together and you can buy something. The amount $ 1.43 USD means that there are 143 pennies in the price but it is easier to call a hundred pennies a dollar with forty-three cents. Same thing with Doges and Mega Doges. </p><p>This is why mining so many Doges have been planned in the currency coding. More Doges in circulation pushes down the exchange price but manages to keep DogeCoins as a viable currency for transactions. </p><p></p><p>Lately, DogeCoin has been getting a lot of press because of its community of users donating money to send the Jamaican Bobsled Team to the Olympics in Sochi and providing donations for fresh water development in Kenya. Its foundation website at <a href="http://foundation.dogecoin.com/projects/">http://foundation.dogecoin.com/projects/</a> lists the different charities that DogeCoin supports. </p><p></p><p>Its website is at <a href="http://dogecoin.com/">http://dogecoin.com/</a> and lists DogeCoin resources.</p></blockquote><p></p>
[QUOTE="arrana, post: 237499, member: 13714"] [b]DogeCoin[/b] DogeCoin is fast becoming the # 2 crypto currency on the exchange markets behind BitCoin. It is the crypto currency whose symbol is a Shiba Inus breed dog nicknamed “Shibeâ€. Acceptable pronunciations of DogeCoin include “dohjâ€, “dogâ€, and “dog-eeâ€. But most DogeCoin users refer to themselves as “Shibesâ€. The currency was created by a Portland, Oregon by a programmer, Billy Markus, just three months ago (December 2013) and circulation is estimated at 75 billion coins as of March 2014. One US dollar is worth 1,370.35 DogeCoins (Doges) at today’s rate of exchange. In perspective, it would take DOGE 812,182.74 to buy one BitCoin. Because of the large number of Doges needed for payment the term “Mega Doges†is used to denote prices. DogeCoins are unique among the crypto currencies as it prevents “dust transactionsâ€. Dust transactions occur when an extremely small amount of a currency’s coinage is involved in a transaction. The recording of all transactions, no matter how small, lengthen a currency’s BlockChain (the public record of all transactions) and all users have to be updated. The process of constant updating and recording of these miniscule and mostly unnecessary transactions is viewed as a type of “spammingâ€. To prevent this, DogeCoin has developed its code to only transfer whole Doges. So one Doge is only worth one Doge-no partial Doges can ever be accepted. Let’s compare Doges to a fiat currency. AS an example, a USD equals 100 American pennies (cents). One penny by itself cannot be split into divisions, but put enough of them together and you can buy something. The amount $ 1.43 USD means that there are 143 pennies in the price but it is easier to call a hundred pennies a dollar with forty-three cents. Same thing with Doges and Mega Doges. This is why mining so many Doges have been planned in the currency coding. More Doges in circulation pushes down the exchange price but manages to keep DogeCoins as a viable currency for transactions. Lately, DogeCoin has been getting a lot of press because of its community of users donating money to send the Jamaican Bobsled Team to the Olympics in Sochi and providing donations for fresh water development in Kenya. Its foundation website at [url]http://foundation.dogecoin.com/projects/[/url] lists the different charities that DogeCoin supports. Its website is at [url]http://dogecoin.com/[/url] and lists DogeCoin resources. [/QUOTE]
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