How does dogecoin work

Neither Markus nor Palmer invested too much time into making Dogecoin into a revolutionary cryptocurrency. The first version of Dogecoin.com was a minimalistic website with a logo of the meme and a few paragraphs written in Comic Sans. But believe it or not, that wasn’t a problem that stood in the way of Dogecoin’s rise to fame. Dogecoin info The Dogecoin network works similar to Bitcoin’s blockchain and many other altcoins, such as Litecoin, as all transaction data and block generation info are permanently written on the immutable blockchain. This decentralized system is designed to inherently prevent tampering with recorded data. The rules of the network are defined by the protocol and are enforced through full nodes (miners) who are responsible for verifying every single transaction on the network.

Miners on Bitcoin and Ethereum use ASIC computers to solve the mathematical problems and get the right to add a block to the network. However, on Dogecoin, things are a bit different.  Dogecoin Trading & Investing Guides The digital currency instantly exploded on Reddit, generating a market value of $8 million at the time. It became popular for the internet practice of "tipping," which was a way of repaying people on the web for performing "good deeds," like sharing an idea or making a platform more accessible.