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Top 10 questions asked about dogecoin, best web resources

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Are you clueless about dogecoin or even the cryptocurrency market? Well, here are some of the top questions asked by digital currency novices. Also, a list of some of the best Internet resources around is listed below.

1. What’s a dogecoin?

A: Dogecoin (DOGE) is a litecoin-derived cryptocurrency.

2. Why is it called dogecoin?

A: Dogecoin is based upon the Shiba Inu from the immensely popular 2013 “Doge” Internet meme, which is used as the digital currency’s primary logo.

3. How much is dogecoin worth?

A: One dogecoin is valued at less than one penny.

4. Is dogecoin just like bitcoin?

A: It shares the same concept like other cryptocurrencies, but it uses the same cryptography as litecoin and is an inflationary virtual currency as opposed to a speculative deflationary asset, such as bitcoin.

5. Where can I buy dogecoins?

A: Dogecoins can either be mined or they can be bought or traded for at online exchanges.

6. Can I make money from dogecoins?

A: It’s possible because the market fluctuates each day, but it requires buying thousands and thousands of dogecoins. It should be noted that the creators intended it as a usable currency as opposed to an investment.

7. Are dogecoins safe and secure?

A: Dogecoin is still brand new to the world of cryptocurrencies so its developers are still working out its kinks and potential vulnerabilities. Encryption and a strong passphrase are important to making sure your dogecoins are not stolen.

8. If dogecoin is just based on a meme, can I create my own cryptocurrency?

A: Yes. You can use the publicly available bitcoin open source code.

9. Is dogecoin a better digital currency than bitcoin?

A: It all depends on your economic viewpoint: inflation vs. deflation, currency vs. asset

10. Who accepts dogecoin?

A: Dogecoin isn’t as widespread as bitcoin, but there are several retailers accepting dogecoins.

Web Resources

The cryptocurrency community provides real-time reporting and spots news 24 hours a day, seven days a week. There are various resources that are used to gather information regarding bitcoin, dogecoin and the digital currency market, but the websites that have provided the most value to prior research.

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