Is dogcoin a blockchain or a digital currency
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system.
dogcoin is a kind of cryptocurrency, similar to bitcoin, which is formed by some secret algorithms. At present, the price of dogcoin has risen sharply, and it has the trend of breaking through bitcoin
3. Can dog coin be obtained by mining
can dog money also be obtained by mining? The answer is yes, because dogcoin is also a kind of virtual currency, so it is also constructed through an algorithm. Therefore, dogcoin can be obtained through computing power. Compared with the fierce competition of bitcoin, dogcoin is much more convenient to obtain through mining. But because the price of dog coin is too low, mining to get dog coin can't even earn electricity, so mining dog coin is unprofitable
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musk reminds us of the risk of dogcoin. Is dogcoin legal virtual currency
< / blockquote > one: dog money itself is a kind of currency that parodies the birth of culture< p> In 2013, dogcoin was born, which is regarded as the virtual currency inheriting bitcoin. However, dogcoin was originally just a currency born under the spoof culture. Here, from the name and the virtual image of dogcoin, you can see the expression of a dog. However, I didn't expect that the dogcoin caused a big disturbance on the Internet, and more and more people bought it, and its value doubled< although dog coin is now a mainstream currency, it is not legal currency after all, and there are certain risks, so people who buy dog coin must be cautious in their investment. The popularity of digital currency also means that more and more people come to compete in the market, and the virtual currency itself is popular by speculation, so it has little practical value, Unlike when we buy stamps or other things that have collection value, this kind of virtual currency still relies on the power of capital
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As the most loyal supporter of dog coin, musk recently put forward his views on Dog Coin in a variety show. He pointed out that investors should choose whether dog coin is a future or a fraud. However, many fans of dogcoin were shocked by his remarks. because of the close relationship between musk and dogcoin before, and Musk's repeated promotion of dogcoin on twitter, investors also follow his belief to invest more in dogcoin, but now this statement makes investors feel flustered
Musk's attitude towards dogcoin has always been ambiguous. Through some of his comments on twitter, he incited investors to buy dogcoin in large quantities and brought up the value of the whole currency circle. This is a hype in itself, and whether the price of dogcoin is linked to the world financial system remains to be verified. Investors need to be cautious