In the wake of an otherwise tumultuous week for cryptocurrencies, the lightheartedness
of the Dogecoin community is both entertaining and uplifting.
Not exact matches
The
Dogecoin community is known for its philanthropic campaigns; some
of the world's largest charities have started accepting Bitcoin donations as well.
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.
Dogecoin founder Jackson Palmer has announced a «leave
of absence» from the digital currency
community.
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.
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.
That's what sets
Dogecoin apart from all the other cryptocurrencies, and why it's been such a successful coin — the loyal
community welcomes everyone with open arms, and they actually use the coin instead
of just letting it sit tucked away in a wallet for the long term.
Dogecoin has got the most active
community I've seen out
of any cryptocurrency, including Bitcoin.
Jackson Palmer: I started stepping back from
Dogecoin and the
community after a scammer, who I and others had been trying to call out as dangerous for a while, finally ran away with a lot
of money from the
community.
When you take into consideration that this digital currency is being supported by DOGE
communities and increasing number
of supporters and fans, adding the fact that along all that time
DogeCoin remained stable and survived, making it to the top 50 to 40 digital currencies currently active on the cryptocurrency market.
The
Dogecoin community is known for its philanthropic campaigns; some
of the world's largest charities have started accepting Bitcoin donations as well.
It is largely a result
of its fervent
community support, and impending updates to its core to include processes such as Segregated Witness (SegWit), that it's safe to say that
Dogecoins will be around for some time.
In particular, the
dogecoin community has proven very supportive
of efforts to spread goodwill by donating to those in need, recently fundraising for a charity: water campaign to build much - needed wells in a drought - hit region
of Kenya.
Dogecoin was instantly popular in the crypto
community, and within two months
of its launch, it had a market capitalization
of $ 74 million.
The
Dogecoin community then went ahead to set up a DAO with a bounty
of initial 100 ETH from the personal wallet
of the developer, for anyone who could build a practical model
of this so - called «Dogethereum» bridge.
While PepeCoin creators are focused on presenting the way their currency works in practice, offering proof
of stake and evidence
of work method combined into making a hybrid cryptocurrency that would improve user experience,
Dogecoin relies on the fact that there is a wide, and more importantly strong,
community that supports
Dogecoin.
Dogecoin is one
of the oldest altcoins in existence, and for that reason they have a relatively large
community.
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.