What is Dogecoin? DOGE explained with animations!

Original author：Animations Crypto FR

Original source：https://www.youtube.com/embed/00OiuPZtxJM

? What is DOGECOIN?
Dogecoin is a cryptocurrency that can be used for payments and started in 2013 as an online joke. It is a variation of Luckycoin, which was a variation of Litecoin, which itself is a variation of Bitcoin.

This means, from a technical point of view, that Dogecoin acts very similar to Litecoin and quite similar to Bitcoin.

This means, in terms of how Dogecoin verifies its transactions, that it is a Proof of Work consensus mechanism, like Litecoin and Bitcoin.

? What makes Dogecoin unique?
Dogecoin started as a joke but has become a legitimate cryptocurrency thanks to its substantial online presence and charitable contributions.

However, it is likely that Dogecoin will have a merged mining relationship with Litecoin. This means that miners can mine both cryptocurrencies simultaneously without wasting additional computing power.

Timestamps ⏳

00:00 Introduction

0:45 Usefulness of Dogecoin

1:06 Dogecoin and Elon Musk

1:34 How does Dogecoin work?

2:49 What makes Dogecoin unique

3:30 Merged mining relationship between Dogecoin and Litecoin

4:49 DOGE tokenomy

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