What is DOGE?
Dogecoin is a decentralized, peer-to-peer digital currency.
Sell, buy, or trading Dogecoin (DOGE) to IDR easily in Zipmex. But before the transaction begin, let's find out more about DOGE below.
for social media content
Apart from cryptocurrency trading and online transactions, Dogecoin is used for tipping on social media sites for posts and other contributed content. Tipping is compared to the ‘Like’ button. However, it has a greater impact.
Unlike Bitcoin, Dogecoin has no mining limit. Also, Dogecoin mining is considerably faster when compared to Bitcoin owing to the Scrypt hash.
Dogecoin uses a Proof-of-Work consensus algorithm to keep the network secure. However, this PoW system is not the same version used by Bitcoin. Instead, the network relies on a scrypt technology in its PoW mechanism. This decision was made to prevent the use of high powered Bitcoin mining rigs.
Dogecoin’s average transaction fee is less than $1 compared to Bitcoin, which may go up to $60.