What is bitcoin and dogecoin

Во что инвестировать: Bitcoin vs Dogecoin

Биткоин (BTC) и Dogecoin (DOGE) в последнее время оказались в центре внимания, и неспроста.

Как известно, в прошлом году стоимость биткоина подскочила более чем на 600%. В свою очередь, Dogecoin вырос на невероятные 2400%. Другими словами, $40 тысяч, вложенные в Dogecoin год назад, к настоящему моменту увеличились бы до $1 млн.

Но эти впечатляющие достижения остались в прошлом, поэтому возникает вопрос: какую из двух валют лучше покупать прямо сейчас?

Биткоин и Dogecoin имеют одну большую общую черту: обе валюты основаны на технологии блокчейн, гениальной одноранговой системе, разработанной для обеспечения высокой прозрачности и безопасности. Чтобы понять, почему это важно, давайте разберемся в том, как работает майнинг криптовалюты.

Простыми словами, все транзакции, которые происходят в сети биткоин (или Dogecoin), объединяются в блоки. Майнеры используют мощные компьютеры, с помощью которых решают сложные математические задачи. Как только задача решена, майнер зарабатывает криптовалюту, и блок добавляется в блокчейн (то есть осуществляется постоянная запись всех предыдущих транзакций).

Именно поэтому биткоин и Dogecoin являются децентрализованными валютами. Майнеры зарабатывают токены за решение блоков, и после того, как все другие узлы (компьютеры) в сети проверяют решение, блок добавляется в блокчейн. Другими словами, не требуется никакого центрального банка для выпуска или отслеживания валюты. Сеть позаботится об этом самостоятельно. В отличие от фиатных валют, таких как доллар США, где центральный банк играет роль эмитента и регистратора.

Более того, поскольку все узлы связаны между собой, практически невозможно атаковать сеть блокчейнов или фальсифицировать информацию. Фактически, для этого человеку потребуется контролировать 51% вычислительной мощности в сети, что звучит невероятно.

Несмотря на сходства, биткоин и Dogecoin имеют несколько ключевых различий. И эти различия очень важны для их долгосрочных перспектив.

Во-первых, майнинг Dogecoin в настоящее время никак не ограничен. Это означает, что майнеры могут продолжать решать блоки и зарабатывать новые Dogecoin постоянно. Для сравнения, биткоин ограничен 21 млн токенов, 18,7 млн из которых уже существуют. После формирования каждых 210 тысяч блоков вознаграждение уменьшается вдвое. Другими словами, в какой-то момент в будущем вознаграждение будет фактически нулевым. И после этого биткоин-майнеры смогут получать только комиссию за транзакции.

Подобно золоту и другим драгоценным металлам, этот дефицит должен сделать биткоин более ценным, чем Dogecoin. Но у биткоина есть еще одно преимущество – это наиболее широко распространенная и самая ценная криптовалюта. Данный факт может показаться банальным, но на самом деле он очень важен.

По состоянию на январь существовало более 4 тысяч различных криптовалют. И независимо от того, считаете ли вы какие-либо из них разумными инвестициями или нет, трудно отрицать тот факт, что столь значительное количество криптовалюты создает большие сложности. Другими словами, большая часть стоимости со временем будет консолидирована всего в нескольких из этих токенов. И огромное преимущество биткоина практически гарантирует, что ему удастся обойти Dogecoin.

Инвесторам следует помнить, что и биткоин, и Dogecoin являются очень нестабильными инвестициями. Например, биткоин потерял более 80% своей стоимости с декабря 2017 года по май 2018 года. Поэтому, если вы решите инвестировать, примите дикую волатильность во внимание.

Инвесторы также должны знать, что среди как сторонников, так и противников криптовалюты есть очень умные люди. К примеру, Кэти Вуд (генеральный директор Ark Invest) и Джек Дорси (исполнительный директор Square), являются большими поклонниками биткоина, в то время как такие организации, как Goldman Sachs, выражают скептицизм, а знаменитый экономист Нуриэль Рубини назвал биткоин «матерью всех мошенников».

Тем не менее, вопрос в том, что лучше купить, а не в том, является ли то или иное выгодным приобретением. И с этой точки зрения биткоин имеет несколько преимуществ перед Dogecoin: он более редкий, более популярный и более ценный. Вот почему биткоин побеждает в этом конкурсе.

Чем вызвано резкое падение акций Tesla

Акции производителя электромобилей сейчас торгуются примерно на 25% ниже исторического максимума, достигнутого ранее в этом году.

Акции Tesla (TSLA) резко упали во вторник. Стоимость бумаг сократилась на 5,2%, завершив торговую сессию падением на 4,4%.

Это снижение, скорее всего, было в первую очередь связано с резким падением цен на многие акции роста к концу сессии.

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An Introduction to Dogecoin, The Meme Cryptocurrency

Updated: Apr 20, 2021, 4:26pm

Dogecoin is a cryptocurrency, like Bitcoin or Ethereum—although it’s a very different animal than either of these popular coins. Dogecoin was originally created at least in part as a lighthearted joke for crypto enthusiasts, and took its name from a once-popular meme. Despite this unusual origin story, it has exploded in popularity in 2021—as of writing, Dogecoin has become the fifth largest cryptocurrency by market cap.

What is Dogecoin?

Software engineers Billy Marcus and Jackson Palmer created Dogecoin in late 2013. Palmer branded the cryptocurrency’s logo using a meme popular at the time that featured the deliberately misspelled word “doge” to describe a Shiba Inu dog.

“Doge was really started to poke fun at Bitcoin,” said Pat White, CEO of Bitwave. In its early days, a community of enthusiasts arranged publicity stunts to raise Dogecoin’s profile, gathering funds to send the Jamaican Bobsleigh team to the 2014 Olympics, for instance, or sponsoring a NASCAR driver.

In early 2021, Dogecoin gained cult status on Reddit’s WallStreetBets message board—the prime instigator behind the GameStop affair in January—where enthusiasts had promised to propel its value “to the moon” (that was before all discussion of crypto was banned on the subreddit).

Today Dogecoin is no joke, having exploded in value and gained more than 5,000% in 2021. Among its boosters is Tesla CEO Elon Musk, who called Dogecoin his favorite cryptocurrency. Musk also named Dogecoin the “people’s crypto,” and promised to plant a physical Dogecoin token on the moon.

Dogecoin might be my fav cryptocurrency. It’s pretty cool.

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How Does Dogecoin Work?

Dogecoin is a cryptocurrency that runs on blockchain technology, similarly to Bitcoin and Ethereum. Blockchain is a distributed, secure digital ledger that stores all transactions made using a decentralized digital currency.

All holders carry an identical copy of the Dogecoin blockchain ledger, which is frequently updated with all new transactions in the cryptocurrency. Like other cryptocurrencies, Dogecoin’s blockchain network uses cryptography to keep all transactions secure.

People called miners use computers to solve complex mathematical equations in order to process transactions and record them on the Dogecoin blockchain—a so-called “proof of work” system. In exchange for processing transactions and supporting the blockchain ledger, miners earn additional Dogecoin, which they can then hold or sell on the open market.

Dogecoin may be used for payments and purchases, but it’s not a very effective store of value. This is chiefly because there is no lifetime cap on the number of Dogecoins that may be created by mining—meaning that the cryptocurrency is highly inflationary, by design. The blockchain rewards miners for their work by creating millions of new Dogecoins every day, which makes it very challenging for speculative price gains in Dogecoin to hold up over time.

Dogecoin vs. Bitcoin

Dogecoin has a few significant differences compared to Bitcoin. First, it’s quicker and easier for miners to complete the mathematical equations that complete and record transactions on the transactions, which makes Dogecoin somewhat more efficient for processing payments.

“Where it takes 10 minutes for the process to ratify new blocks on the Bitcoin blockchain, it takes only one minute on the Dogecoin blockchain,” said Gary DeWaal, Chair of Katten’s Financial Markets and Regulation group.

Another significant difference is the absence of any lifetime cap on the number of Dogecoins that can be created, as we noted above. There is a lifetime cap of 21 million Bitcoin that limits the maximum possible number of coins that can be created. This means that miners are forced to work harder and longer over time to earn new Bitcoin, and to a degree it helps guarantee Bitcoin’s ability to hold and grow its value over time.

How to Buy Dogecoin

You can buy Dogecoin on a cryptocurrency exchange like Binance or Kraken. The exchanges require you to set up and fund an account with U.S. dollars or crypocurrency. You then are able to buy and exchange cryptocurrencies, including Dogecoin. Notably, leading crypto exchange Coinbase does not support purchases of Dogecoin.

Some online brokers, including Robinhood and TradeStation, also allow you to buy Dogecoin—in addition to conventional assets like stocks, mutual funds and bonds. They don’t offer as many of the cryptocurrencies as exchanges, but Dogecoin is generally available.

As with other cryptocurrencies, once you’ve purchased Dogecoin it’s best to move your coins to a crypto wallet. Wallets take many forms, from online services offered by exchanges like Coinbase (while you can’t buy Dogecoin on Coinbase, you can store it in your Coinbase wallet), to apps on your mobile device or even a physical hard drive. You secure the wallet with a private password. Since your coins are held outside of an exchange, there’s an extra layer of protection against hacks.

Before Dogecoin broke out into the mainstream and rocketed higher in price, you used to be able to earn free coins for doing basic tasks online.

“For many years, you could perform tasks at Dogecoin ‘faucets’ to earn Dogecoin instead of buying it,” said C. Neil Gray, partner in the fintech practice areas at Duane Morris LLP. “The tasks included things like watching an advertisement or taking a survey. More recently, it’s become difficult to find any that work.”

Is Dogecoin a Good Investment?

Since there is no lifetime limit on the number of Dogecoins that can exist, and millions of new Dogecoins are released onto the markets every single day, there is very little incentive to hold the cryptocurrency for the long term. Bitcoin continues to rise in value because of the system’s lifetime cap on the number of coins that can be created.

“Doge really is less like Bitcoin and more like DASH or Bitcoin Cash, where the express goal is a spending currency,” said White.

Historically, the per coin value of Dogecoin has been very low, around $0.003 per coin for most of 2020, so people were more likely to give them away. “Users on social platforms, like Reddit, Twitter, Facebook, and others, can use Dogecoin to reward, or “tip,” each other for posting content,” said Gray.

The gains in Dogecoin that have been seen in 2021 may not be sustainable over the longer term. Whether the crypto’s tipping and donating culture will continue remains to be seen.

Should You Buy Dogecoin?

Those who bought Dogecoin to start 2021 have been well rewarded. Still, White is a little wary about buying Dogecoin, especially as an investment. The constant flow of new coins onto the market put unending downward pressure on the coin’s value.

White also warned about additional security risks for Dogecoin, compared to other major cryptocurrencies. “It just hasn’t had the same security and code-level scrutiny that Bitcoin or Ethereum has. Plus, there’s just not a particularly robust mining community around Doge, so the exposure for a mining level attack is well above that of something like Bitcoin.”

Buying any sort of cryptocurrency involves risk, and that includes Dogecoin. It’s always worth buying a few coins and familiarizing yourself with the system—but it’s probably best to refrain from sinking more than a token amount of your hard earned money in a cryptocurrency that started life as a joke.

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What is Dogecoin: The World’s Most Valuable Joke or Speculative Altcoin?

Dogecoin is a peer-to-peer digital currency, just like Bitcoin and Litecoin. It’s part meme, part functional token, and part legend in the cryptocurrency community.

You can buy Dogecoin with Bitcoin on Poloniex and Bittrex.

Check out https://www.dogecoins.com/spend.php for a list of stores that accept Dogecoin.

Dogecoin is an open source peer-to-peer digital currency. Part meme, part functional token, part legend in the cryptocurrency community, Dogecoin makes for an interesting case study.

Dogecoin is like the class comedian who got kicked out of school for making jokes who ended up becoming a billionaire anyway.

While it’s easy to dismiss Dogecoin as a joke, its supportive community and massive market cap is hard to ignore. The Dogecoin community consists of over 489,000 subscribers on Reddit and has received admiration from individuals such as Elon Musk.

What is Dogecoin

Dogecoin is a peer-to-peer digital currency, just like Bitcoin and Litecoin. It was founded in 2013 by Jackson Palmer and “ Shibetoshi Nakamoto ”. The site and project are laced with homages to its mascot, a Japanese Shiba Inu dog . For those unfamiliar with the meme, “doge” is derived from the word, and the memes often revolve around simple-minded expressions of emotion such as “much wow”, “very crypto”, and “such moon” in Comic Sans font.

The token is designed to have over 100 billion coins, a stark difference between that of its competition Bitcoin, which will only have 21 million total tokens. Dogecoin operates just like any other cryptocurrency; it can be mined or purchased on most exchanges.

Elon Musk and Dogecoin

The Tesla Founder Elon Musk has expressed interest in Dogecoin on a handful of occasions.

In July 2020, Musk’s tweet preceded a 14% spike in Dogecoin’s price.

In December 2020, Musk tweet “One word: Doge”, leading to a 20% jump in the Dogecoin price.

On January 27th, 2021, Musk tweeted a cover of Dogue, allegedly in response to Dogecoin’s 700% astronomic gain in price in the same week.

If you’re new to CoinCentral, we’re not a gossip magazine that glosses over what celebrities say about random projects. Musk’s comments, however, are particularly impactful because they’re so closely tied to Dogecoin’s price and the underlying emotional volatility in the financial sector.

Should I Buy Dogecoin? What’s up with Dogecoin’s Price?

Like any other token, Dogecoin is susceptible to extreme volatility and speculation.

No one can predict the price of anything on the market or advise you whether or not to buy an asset. The ebbs and flows of the market could swing Dogecoin in any direction, and you should be prepared to lose 100% of your investment in any cryptocurrency.

That being said, Dogecoin saw some substantial growth in 2017. Its market cap broke $2 billion in January 2018, and the meme-based token started attracting media attention.

However, its most visible moment was on January 27th, 2021. Following a week of R/Wallstreetbets-fueled pandemonium buying stocks like Gamestop and AMC to blow up hedge fund short positions, and Robinhood pausing trading of those stocks and more, Dogecoin got its strongest pump yet. Its market cap hit a whopping $9.7 billion and Dogecoin traded at a high of roughly $0.076, up from just under a penny the week before.

Although Dogecoin does have a peer-to-peer payment use case and a vibrant and active community, there isn’t sufficient information for anyone to make a claim of whether you should invest in Dogecoin, or any cryptocurrency for that matter, or not.

Where Can You Buy Dogecoin?

A huge reason Dogecoin was able to break into popularity and stay popular is because of its widespread availability in exchanges. The most popular exchange for Dogecoin is Bittrex (upper 30%) and Poloniex (20%), as well as minor exchanges Gate.IO, HitBTC, Cryptopia, and CoinExchange, with the most popular pairing being BTC-DOGE.

Where Can You Store Dogecoin?

Getting started with Dogecoin is a fairly simple process. New users can download the MultiDoge wallet from the site and set it up in under 5 minutes. Alternatively, users can store their Dogecoin either on their exchange wallets or whatever other wallets support the Doge.

Perusing through Dogecoin’s site, you’ll see how simple the team has made the onboarding process.

The Dogecoin Foundation

The Dogecoin community created a (now seemingly defunct) non-profit organization called the Dogecoin Foundation to “facilitate the use of Dogecoin through goodwill, promotional, and charitable endeavors.”

The Dogecoin Foundation openly extends its arms to those who “want to spread the love using the magic of doge”.

This Foundation also claims to make “massive efforts to help people whether they’re on the moon or on Earth.”

The Dogecoin Foundation has an inactive Reddit profile (last post over 2 years ago) and Twitter profile .

Other than that, not much to see here.

Is Dogecoin Legit?

Dogecoin was initially created as a joke, and it doesn’t pretend to be anything else in its marketing material. The digital asset itself, however, has become much greater than it seems its original founders intended. Dogecoin has become a highly speculative asset listed on multiple large exchanges, and we caution our users heavily if considering putting their own money into it.

Is Dogecoin the next Bitcoin? Probably not. However, having broken a $9.6 billion market cap, Dogecoin at least holds the crown for one of the world’s most valuable memes.

Final Thoughts

If there is one single golden lesson we can extract from the Dogecoin project is the importance of building a community.

The token has been long dismissed as a joke by the cryptocurrency elite, yet Dogecoin is far from being obsolete thanks to its robust community of people that simply want to see the coin succeed for the sake of succeeding.

Joke or not, Dogecoin has been able to accomplish something that few tokens can. It has been around for nearly 5 years, which garners some respect.

An analysis of Dogecoin also adds some color to the current cryptocurrency landscape. This straightforward token doesn’t pretend to be anything but what it is: a peer-to-peer digital currency. Among the thousands of whitepaper pages, complex theories, and pedantic explanations of the cryptocurrency market, Dogecoin is a rarity – and its community loves it.

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