Cryptocurrency is a digital asset designed to work as a medium of exchange. It’s complicated cryptography that allows for the creation and processing of digital currencies and their transactions across decentralized systems. For centuries, people have used money as a method of exchange. However, as society moves towards a more technological infrastructure, it makes perfect sense that it’d consider a digital currency as its main method of exchange which is free from government manipulation and control.
There are several other cryptocurrencies that are popular. It’s trending on the news recently because of its increased value. Furthermore, it helps that Elon Musk and other giants in the financial industry are starting to voice their opinions on the trends.
Digital currencies are becoming more commonly accepted. In the mainstream, Bitcoin and Ethereum aren’t the only digital currencies that are hitting record highs this week. Dogecoin, or as some may pronounce it “doggie coin” is a cryptocurrency that was invented by engineers named Billy Markus and Jackson Palmer. They wanted to create a payment system that was free and fun from traditional banking systems.
There are some exchanges that offer DOGE/BTC and DOGE/LTC trading. Dogecoin, the cryptocurrency that features the face of a Shiba Inu dog, has surpassed 10 cents for the first time. It’s not trending necessarily because of its usability though. It has a large following on Reddit which is one of the major reasons it continues to surge as they are major supporters of the dog. Musk is Dogecoin’s richest fan, however, since Coinbase becoming public, dogecoin surged along with it.
Coinbase is an American company that operates a cryptocurrency exchange where you can purchase bitcoin and other cryptocurrencies. With its recent announcement and surge in media, this caused a chain reaction bringing more attention to all cryptocurrencies including Dogecoin. While Dogecoin cannot be purchased via Coinbase’s app, there is a demand for crypto and it’s fan status continues to rise.