Beginner’s Guide to Dogecoin

Reading Time: < 1 minute

While we are quite sure you know Bitcoin, Ethereum or Bitcoin Cash as you are visiting a crypto news magazine right now, maybe you are not that familiar with Dogecoin.

While this cryptocurrency was created in 2013 by software engineers Billy Markus and Jackson Palmer as a meme, very few people knew about it until quite recently, when it became very popular partly thanks to Elon Musk.

The CEO of Tesla, a popular electric car manufacturer from the US, has made multiple mentions to the cryptocurrency on Twitter, which has resulted in a lot of people buying it simple because such an important entrepreneur and investor was talking about it.

The currency itself was originally designed to be a meme, without any real use in mind. The physical representation of the cryptocurrency depicts a shiba inu dog.

Despite being conceived as a crypto, as a result of its increasing popularity, some companies have started to accept it as a means of payment. For example, it is accepted by California-based tech-focused online retailer Newegg, Mark Cuban-owned NBA club Dallas Mavericks or AirBatlic.

We believe in Dogecoin’s potential to become a means of payment. Apart from making us laugh, you can also use it to pay for goods and services. What else could you ask for?

If you like our content and want to support us, please follow us on Twitter, Facebook and Instagram and don’t miss the latest news!