dogecoin core wallet connecting to peers

#Dogecoin core wallet connecting to peers software

The main purpose of its creation was to raise public awareness of blockchain technology capabilities. It was created using the open-source code from Litecoin, which itself was a fork of the Bitcoin blockchain.

#Dogecoin core wallet connecting to peers software

History of the Dogecoinĭogecoin was created in late 2013 by two software engineers, Bill Marcus and Jackson Palmer, who were working at IBM and Adobe Systems, respectively. Dogecoin mining is less power-intensive than Bitcoin algorithm SHA-256. It also uses the “proof-of-work” protocol, enabling it to receive work from other Scrypt based networks. Also, it counts the support of a robust community around the DOGE popularly known as the “Doge Army.” In 2021, Dogecoin is the ninth-largest cryptocurrency by market capitalization.ĭogecoin uses a simplified variant of the hashing algorithm, Scrypt. However, Dogecoin introduced some improvements, which included faster access speeds and more affordable transactions.

It was created in December 2013 and was based on the same basic technology of other cryptocurrencies like Bitcoin and Litecoin. It was originally created as a light-hearted joke for crypto enthusiasts, but it quickly exploded to be one of the leading cryptocurrencies in use today.ĭogecoin’s brand logo is based on a popular meme of that time that featured a Shibu Inu dog. Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency that was made as a parody of the crypto market following the establishment of Bitcoin.