SHIBA INU
SHIBA INU
Coin: Dogecoin (DOGE)
Dogecoin is a cryptocurrency based on the viral internet meme of a Sibu Inu Dog, created to mock Bitcoin.
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Tokenomics
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Security
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Scalability
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Decentralisation
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Applications
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Team & Developers
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Usage & Adoption
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Community Strength
Refers to the size, loyalty and legitimacy of a projects community across Twitter, Reddit, Discord, Youtube & more.
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Overall Rating
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Disclaimer: Platypus Terminal does not provide any investment advice, nor is anything mentioned an offer to sell, or a solicitation of an offer to buy any security or other instrument. Under no circumstances should investments be based solely on the information provided. We do not guarantee the security or completeness of our information, and are not held liable.
Created in 2013 by two Reddit friends, Billy Markus and Jackson Palmer, as a peer-to-peer cryptocurrency, Dogecoin has risen into the top 10 largest coins by market cap and has consistently gained fame and popularity.
Doge has its own blockchain, which acts as a digital ledger and utilises cryptography to ensure transaction security. It operates on a proof of work consensus mechanism that rewards miners with coins for solving the equations and confirming transactions. There are around 130 billion Dogecoins in circulation as there is no cap on the number of coins produced. Despite being a meme coin Dogecoin does boast faster and cheaper transactions than Bitcoin and can ratify blocks in about 1 minute vs BTC’s 10 minutes. Although Doge was initially created as a meme-coin, it has become a legitimate currency now accepted by major companies such as Tesla and AMC. Dogecoin is available for purchase at many exchanges such as Coinbase and Binance as well as through most brokers, including Robinhood and TradeStation.
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