Page 19 - En-38

ELITE

Doge-coin: A joke That Turned Into

Bitcoin's Competitor

Walaa Mohamed Abas Bahij - Level 3 - Political Science

Doge-coin! What is this strange name? Is there currency was developed by software engineers,
really a currency with this name, or is this a Bill Marcus and Jackson Palmer, with the aim of

misspelling and is meant another currency such making fun of the crypto currency market, and
as Bit coin? In fact, dear reader, this is not a many at that time considered it a comic
spelling mistake as I thought at first. But a alternative to Bit coin. On the platforms, but the
crypto-electronic currency has recently reason for its rise in the recent period is due to

appeared bearing this name and has become the Elon Musk’s post and the Reddit platform group,
fifth largest crypto currency in the world. The and it received a wide interaction. Other digital
world has a market capitalization of about $70 currencies, but as you can see, dear reader, this is
billion according to Coin base, and it is suspicious because it was founded with the aim

considered the most exciting and exotic of ridiculing the world of other digital currencies
currency on the planet. In more details about the and does not have real applications in practical
features of this currency. how to obtain it and life and has no project or achievable goal.
the features of its future, a very important When talking about the advantages of this

question must be answered, which is how did it currency, we see that it has many advantages that
start? What is the secret behind this strange made it spread so quickly, for example, but not
name? limited to the speed of its production. Because it
This coin was launched on December 6, 2013 as does not need servers in its early stages, nor does

a joke as a reference to the “dog” meme that it need an organizational center such as Bit coin,
was spreading on the Internet. and it was which made it more desirable among users. In
showing a “Shiba Inu” dog and since then the addition to its use Mining algorithms are easy
dog has become the logo of the Doge coin and faster than other currencies and

currency, and it is no longer just a joke, and this
coin was launched. The

18