How Dogecoin Works?
1. Blockchain Technology – Dogecoin runs on its own blockchain, where transactions are recorded securely and transparently.
2. Mining & Proof of Work (PoW) – Dogecoin uses a PoW system like Bitcoin, but it relies on the Scrypt algorithm (like Litecoin). Miners solve complex math problems to validate transactions and earn new Dogecoin as a reward.
3. Fast Transactions & Low Fees – Dogecoin processes transactions faster and with lower fees compared to Bitcoin, making it suitable for microtransactions.
4. Unlimited Supply – Unlike Bitcoin, which has a capped supply of 21 million coins, Dogecoin has an unlimited supply, with millions of new DOGE entering circulation daily.
5. Community & Usage – Originally created as a joke, Dogecoin has a strong community and is widely used for tipping, donations, and even payments in some online stores.
Are you interested in investing in Dogecoin, or do you want to know about its future potential?