Dogecoin

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Dogecoin
Basic data

Publishing year December 8, 2013
Current  version 1.14.2
(November 8, 2019)
operating system Windows , Linux , macOS , iOS , Android , Blackberry
programming language C ++
category Cryptocurrency
License MIT license
German speaking Yes
dogecoin.com

Dogecoin ( symbol : Ɖ ; abbreviation : DOGE ) is one of Litecoin derived peer-to-peer - cryptocurrency whose name and design on the Internet phenomenon Doge based.

history

Dogecoin was released on December 8, 2013. Although originally intended as a parody of Bitcoin and the rapidly growing number of complementary currencies , the Dogecoin to US dollar exchange rate rose rapidly in the first two weeks. On December 19, 2013, 1,050 DOGE were worth one US dollar and, measured by market capitalization , Dogecoin was the ninth largest crypto currency with 8.79 million US dollars. | The coin's logo shows a Shiba on which “Doge” is based. On January 10, 2014, only around four weeks after the publication, 25% of all Dogecoins had already been created by mining. On January 19, 2014, the Dogecoin community collected Dogecoins worth around 30,000 US dollars for a possible Olympic participation by Jamaica's bobsleigh team. As a result, the Dogecoin price soared 50% and was the seventh largest cryptocurrency with a market capitalization of $ 51.54 million. On January 31, 2014, Dogecoin was already the fifth most valuable cryptocurrency with a market capitalization of more than 61 million US dollars. The Reddit Dogecoin Community is currently collecting Dogecoins for a manned moon mission. In June 2015, Dogecoin’s little sister currency appeared : Litedoge (abbreviation: LDOGE ).

Differences from Bitcoin

Like Litecoin , Dogecoin uses scrypt in its proof-of-work algorithm. In contrast to the Litecoins, it takes 1 minute to create a new block (Litecoins: 2.5 minutes). The biggest difference compared to other cryptocurrencies, however, is the immense number of coins that can be generated. While Bitcoin and Litecoin are limited to a total of 21 million and 84 million coins respectively, Dogecoin was originally designed for 100 billion coins. On February 2, 2014, Dogecoin founder Jackson Palmer published the decision to lift the limit. Dogecoin therefore has a clearly inflationary character, from 2015 onwards 5.256 billion new Dogecoins are to be minted every year, which corresponds to an inflation rate of 5.3%. Since the amount that is added each year is constant, the inflation rate will decrease continuously (it will be 3.4% in 2025, 2.5% in 2035, only 1.9% in 2050, etc.).

Online exchanges

Due to its relative novelty, the exchange rate is subject to violent price movements even compared to Bitcoin and is not traded on all online exchanges. Some online exchanges allow Dogecoin to be traded directly with national currencies without going through Bitcoin. Since Kraken ceased trading in euros in September 2014, only Yacuna offers Dogecoin trading in euros and British pounds, Vault Of Satoshi trading in Canadian dollars, and the Prelude, CoinMKT and ANXPRO exchanges trading in US dollars.

Block plan

Block no. Reward per block First block Coins expected to be produced Estimated total number of coins
1-100,000 0–1,000,000 (random) December 8, 2013 50,000,000,000 50,000,000,000
100.001-144.999 0-500,000 (random) February 14, 2014 11,250,000,000 61,250,000,000
145,000-200,000 250,000 (fixed) 17th March 2014 13,750,000,000 75,000,000,000
200.001-300-000 125,000 (fixed) April 28, 2014 12,500,000,000 87,500,000,000
300,001-400,000 62,500 (fixed) 15th July 2014 6,250,000,000 93,750,000,000
400,001-500,000 31,250 (fixed) 2nd October 2014 3,125,000,000 96,875,000,000
500,001-600,000 15,625 (fixed) December 14, 2014 1,562,000,000 98,437,500,000
600.001+ 10,000 (fixed) February 25, 2015 5,200,000,000 per year No limit

See also

literature

Web links

Individual evidence

  1. https://github.com/dogecoin/dogecoin/releases
  2. http://www.digitaltrends.com/social-media/wow-dogecoin-bitcoin/
  3. https://bitcointalk.org/index.php?topic=361813.0
  4. http://coinmarketcap.com/
  5. https://defcoin.one/currency/dogecoin
  6. Archive link ( Memento of the original from January 16, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / dogecoined.de
  7. https://www.heise.de/newsticker/meldung/Dogecoin-Kryptogeld-fuer-Jamaikas-Bobmannschaft-2090152.html
  8. https://www.theguardian.com/technology/2014/jan/20/jamaican-bobsled-team-raises-dogecoin-winter-olympics
  9. http://mashable.com/2014/01/20/dogecoins-amaica-bobsled-team
  10. Archive link ( Memento of the original dated February 3, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / dogecoined.de
  11. http://www.reddit.com/r/dogecoin/comments/1vsoky/just_found_our_ticket_to_the_moon
  12. https://bitcointalk.org/index.php?topic=1077390.0
  13. http://www.heavy.com/tech/2013/12/dogecoin-what-is-shibe-cryptocurrenc/
  14. http://arstechnica.com/business/2014/02/dogecoin-to-allow-annual-inflation-of-5-billion-coins-each-year-forever/
  15. Kraken.com stopped selling Doge for USD / EUR . In: Reddit , September, 2014. 
  16. How to Buy Bitcoin in the UK . In: Coindesk , 2014. 
  17. Dogechain - The official Dogecoin blockchain! . In: Blockchain Record for Block 1 . Retrieved January 30, 2014.
  18. Dogechain - The official Dogecoin blockchain! . In: Blockchain Record for Block 100000 . Retrieved April 25, 2014.
  19. Dogechain - the official Dogecoin blockchain! . In: Blockchain Record for Block 145000 . Retrieved March 17, 2014.
  20. Dogechain - the official Dogecoin blockchain! . In: Blockchain Record for Block 200000 . Retrieved August 20, 2014.
  21. Dogechain - the official Dogecoin blockchain! . In: Blockchain Record for Block 300000 . Retrieved August 20, 2014.
  22. Dogechain - the official Dogecoin blockchain! . In: Blockchain Record for Block 400000 . Retrieved November 22, 2014.
  23. Dogechain - the official Dogecoin blockchain! . In: Blockchain Record for Block 500001 . Retrieved November 22, 2014.
  24. Dogechain - the official Dogecoin blockchain! . In: Blockchain Record for Block 600001 . Retrieved March 14, 2015.