11/5/2022 0 Comments Dogecoin core 1.14.4Generally speaking, the community is mostly in it for the fun factor. They speak their own language, which you need to see for yourself to grasp. The Dogecoin community refers to themselves as Shibes. It also has a good reputation for its charitable donations and many other good causes. It's known as a beginner-friendly and welcoming coin. This "meme coin" spawned a wave of fans across the internet, and now, has one of the largest crypto communities out there. #DOGECOIN CORE 1.14.4 CODE#In 2014, the Dogecoin code changed, merging the Litecoin and Dogecoin processes, allowing them to use the same mining process. These functions are computationally intensive and that's why they require raw computational power to generate many possible solutions. Litecoin used Scrypt, a hash function alternative to another function known as SHA-256. Litecoin (LTC), an international payment method, is a cryptocurrency that a former Google Engineer, Charlie Lee, founded in 2011. Luckycoin also borrowed much of its technology from Litecoin, so you also have a connection here. Luckycoin (LKY) was an open-source, peer-to-peer currency that relied on advanced cryptographic algorithms for protection over time it became obsolete. It's typically linked to the computational power miners, or nodes, that contribute to validate transactions. PoW is a system that designates who updates the transactions within a blockchain network. To create the Dogecoin token, they borrowed the Scrypt-based Proof-of-Work (PoW) consensus algorithm that Luckycoin was using at the time. Needless to say, since memes were and still are prevalent in many online communities, this fresh approach to cryptocurrencies excited the internet. They took the Shiba Inu dog meme and adopted it as their mascot. The two creators sat down and made something quite interesting. In 2013, while Bitcoin's value fluctuated only at around $1,000, many people started taking cryptocurrencies a lot more seriously, maybe a little bit too seriously. That changed in 2014, and Dogecoin gives miners a static reward worth 10,000 DOGE tokens. Initially, Dogecoin gave miners a randomized reward for block mining. #DOGECOIN CORE 1.14.4 SOFTWARE#Palmer created the token, and when Markus found out about it, he reached out to get permission to build the software behind the token. That's why Dogecoin creators envisioned a fun, inclusive, and light community.īack then, Jackson Palmer was a product manager at the Sydney, Australia office of Adobe Inc., while Billy Markus was a software developer at IBM in Portland, Oregon. It was meant to be absurd since the crypto community used to be very elitist and limited. They decided to adopt a tongue-in-cheek take on altcoins, which at the time were gaining much popularity among crypto speculators.Īt the time, Markus created the token in just a few hours as a parody of the most well-known cryptocurrency, Bitcoin. On December 6, 2013, Jackson Palmer and Billy Markus created Dogecoin. Throughout this article, you'll learn the ways you can get your hands on some Dogecoin tokens, so keep that in mind and let's dive in. Let's take an in-depth look at Dogecoin's antics and see what exactly sets it apart from the other cryptocurrencies. Where did all this success come from? What made Dogecoin such a special token for investors? Eventually, the currency became much more than a simple parody. It didn't even do anything too special.ĭogecoin creators only created it to make fun of the other altcoins that came out at the time. What once began as a joke eventually became one of the most logical ways through which cryptocurrency users tip creators online, conduct online purchases, and engage with each other.ĭogecoin isn't a cryptocurrency that brought any technological advancements. It was the first “meme coin”, but that didn't stop it from receiving praise from Elon Musk, who even adopted it as a payment method for Tesla. This cryptocurrency has been trending nonstop on Reddit and Twitter, making it incredibly popular. If I say DAI or Algorand, would you know what I"m talking about? Probably not!ĭogecoin, though, is a name you'll recognize blindfolded.
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