Known to the crypto community as the
creator of Dogecoin, Jackson Palmer, product manager at Adobe by profession and coder by passion, told Cointelegraph how he sees the future of the cryptocurrency, started as a parody and broke the $ 1 bln market cap in the beginning of 2018, shared his thoughts on the cryptocurrency community, and disclosed some plans for the future.
Regardless of the
value of Dogecoin, you want to keep them nice and safe on your hard drive.
Being the one behind the
idea of Dogecoin when it launched in 2013, however, Jackson made explicit his dislike for some parts of its community and culture in the following years.
According to one developer they «pull coins
off of the dogecoin blockchain and put them onto ethereum in the form of ERC - 20 tokens, and be able to move them back.»
The price
of a dogecoin when it launched was $ 0.0018, and hasn't made much of an improvement even now as it stands at $ 0.00834 presently.
In the wake of an otherwise tumultuous week for cryptocurrencies, the lightheartedness
of the Dogecoin community is both entertaining and uplifting.
Dogethereum is the bridge between two cryptocurrencies, Dogecoin and Ethereum, and aims to enable the inter exchangeability
of dogecoins from the Dogecoin blockchain to ether tokens on the Ethereum blockchain.
CNBC, meanwhile, quotes a digital commodities trader who suggests that the
appeal of Dogecoin for some investors may be that the individual coins are themselves quite cheap: At the moment, there more than 112 trillion of them in circulation, with each unit costing about a penny.
Still, I'm reluctant to prophesize the
death of Dogecoin, if only because so many others have before.
Every 5 Minutes, as with all Moon branded faucets, however, you can actually earn $ 10 - $ 15
worth of Dogecoin every single month if you claim the max amount of times.
The comedic
beginnings of the Dogecoin have become an excuse for the creators to turn it into a friendly and fun cryptocurrency which makes it stand out.
At its height,
thousands of dogecoins were easily zipping around Reddit, Twitter, and other social media channels; these coins were exchanged between its users, who dubbed themselves as «shibes.»
A huge
army of dogecoin fans believe that it is a perfect coin for beginners willing to learn how the digital currency market works.
The
history of Dogecoin is an interesting one; although conceived as a joke, Dogecoin had made its way into...
This only gained root when a random hacker managed to break into Dogewallet and steal
millions of dogecoin tokens from what was supposed to be the secure safe that held dogecoins.
However, behind all the fun and
games of Dogecoin lies a very popular cryptocurrency.
The coin uses a PoW script mining algorithm similar to Bitcoin; however, while Bitcoin has a limited number of coins, there is no limit to the number
of Dogecoins which can be created.
Jackson Palmer, the
founder of Dogecoin who left the project in 2015, is reported to have excoriated the current environment of rampant speculation that surrounds most altcoins, stating: «I have a lot of faith in the Dogecoin Core development team to keep the software stable and secure, but I think it says a lot about the state of the cryptocurrency space in general that a currency with a dog on it which hasn't released a software update in over 2 years has a $ 1B + market cap.»
Currently, the
volume of Dogecoin is 13,190 BTC and the market cap is 112,469 BTC (as of Jan. 9, 2018).
Despite the relative
inactivity of the Dogecoin developer community in the past two years, Dogecoin has benefitted from the overall rise in the value of crypto assets.
In the
heyday of dogecoin (back when its thriving community could pool together $ 30,000 in donations to fund a bobsled team), Ethereum Foundation UX designer Alex Van de Sande got together with other developers and set a bounty to incentivize someone to come up with a way to move coins from dogecoin to ethereum and back.
Known to the crypto community as the
creator of Dogecoin, Jackson Palmer, product manager at Adobe by profession and coder by passion, told Cointelegraph how he sees the future of the cryptocurrency, started as a parody and broke the $ 1 bln market cap in the beginning of 2018, shared his thoughts on the cryptocurrency community, and disclosed some plans for the future.
With the rapid increase in the
value of Dogecoin, more and more cryptocurrency traders are embracing this altcoin.
The currency looks quite healthy when compared with others since fresh mining power continues to appear online and that is basically what is improving the hash
rate of dogecoins.
Created by programmer and former IBM engineer Billy Markus and his friend Jackson Palmer, the
idea of DogeCoin (DOG) was turned into reality in the hopes of «reaching a broader demographic» than Bitcoins and generate something that wouldn't be involved with any controversial history unlike the latter.
Coins like Dogecoin based off of the
Maximilian Keller, one
of dogecoin's developers, is openly concerned about the trend.
The creator
of Dogecoin, Jackson Palmer, cautioned of such after his shiba inu - themed joke currency shot to a potential $ 400 million value, becoming a «magnet for greed and [attracting] a group of scammers and hackers who defrauded investors, hyped fake products and left many of the currency's original backers empty - handed.»
Jackson Palmer is best known as the creator
of dogecoin, but since cutting ties with the meme coin, he's gone on to perform some of his best work in excoriating dubious crypto projects.
Cointelegraph talked to the creator
of Dogecoin, Jackson Palmer, about Bitcoin forks, the crypto community, education, and plans for 2018.
The market
of Dogecoin is highly volatile.