Dogecoin Casino
Jan 04, 2019 Similar to Bitcoin, Dogecoin too is decentralized and permission-less, which is the true essence of Blockchain Technology. The once belittled joke coin is now giving tons of reasons for the people to invest in Dogecoin. It’s been a long time that Dogecoin has been able to withstand the generic market. 2 days ago By adopting dogecoin as a form of payment, Kronos also expect to market N95 masks to the entire meme coin community on Reddit, which has grown to over 670,000 members.
Dogecoin is an altcoin that allows for relatively pseudonymous transfer of money via the internet. Dogecoin concept is very similar to other cryptocoins like Bitcoin or Litecoin. You can acquire Dogecoin and then, exchange them for goods or services, as you would do with any other currency in the world.
A total of 100 billion dogecoins will be produce by the Dogecoin network..
Since Dogecoin is a digital currency, you can get a dogecoin wallet on your computer or smartphone which allows you to send dogecoin to others, or receive dogecoin from others.
Dogecoin was created by Billy Markus, programmer and former IBM engineer, working with his associate Jackson Palmer, marketeer for Adobe Systems.
Markus based Dogecoin on the existing currency Litecoin.
The dogecoin mascot is established on the popular internet meme ‘doge’ . Pictures of a Shiba Inu dog frequently get littered with text written in multi-colored Comic Sans MS. The text is intentionally written in broken English and the word “wow” is also frequently used. Although based on a absurd concept, dogecoin is one of the fastest-growing cryptocurrencies.
Whilst gambling is undoubtly risky, it can be a quick way to double your dogecoin.
Many people like to try and turn their dogecoins into even more dogecoins by gambling with them in online casino games. Most dogecoin games accept other cryptocurrency too.
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Other dogecoin games
- DOGE CRYPTOPYRAMID The more DOGE you deposit, the more you earn from deposits of others!
- COINVEGAS HI/LO Game with only dogecoin and litecoin
- COINCONTROLLER The Ultimate Chain Game!
- DOGECOINBOMB Every row contains one bomb, the trick is to avoid all the bombs
- COINGAMES A game-site dedicated to doge games
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- DOGE2048 Dogecoin game of famous 2048! Non-gambling
News
Prices of Dogecoin rose by 50% less than 24 hours after the world's richest man, Elon Musk, tweeted a meme of himself and the cryptocurrency's logo in Disney's The Lion King film.
Elon Musk, CEO of SpaceX and Tesla is also the world's richest man
With just a few tweets, Elon Musk has sparked a market run on a little-known cryptocurrency, Dogecoin.
According to the website Coinmarketcap.com, a cryptocurrency data provider, the price of Dogecoin rose by around 50% to $0.02610 (€0.022) on Thursday — up by almost 3 cents in less than 24 hours.
The volume of trading also more than tripled over the course of the day.
Musk, the world's richest man, head of electric car maker Tesla and spacecraft producing SpaceX company, had fueled the rise by simply posting the word 'doge' on Twitter with a picture of a moon rocket.
He then wrote: 'Dogecoin is the people's crypto[currency.]'
'No highs, no lows, only Doge,' he added.
He also tweeted a meme of himself and dogecoin in Disney's Lion King film.
No laughing matter
The computer generated currency Dogecoin uses a Japanese shiba inu dog meme as its logo.
As reported by the Guardian, it was started in 2013 as a joke following the invention of Bitcoin which launched a wave of other competing cryptocurrencies.
Free Dogecoin Games
Since then the joke has caught on. The coin had a market value of over $6.3 billion by Thursday morning according to Coinmarketcap.com.
What sets Dogecoin apart from other computer-derived currencies is that the number of digital coins that can be generated through 'mining' is not limited.
In the generation process, users provide computing capacity for the encryption of transactions. Users are then paid in the corresponding cryptocurrency.
Decentralized encryption
Since the encryption of Dogecoin is simpler, transactions can be processed more quickly than with Bitcoin or Litecoin.
Dogecoin bills itself as a decentralized open source peer-to-peer digital currency that enables users to easily send money online.
However, analyst Timo Emden of Emden Research warned that it is not sustainable. 'For investors the market environment with Dogecoin resembles going to the casino.'
Bitcoin has become the most valuable as well as best known Cryptocurrency
Musk's influence
Musk is followed by over 45 million people on Twitter, but his social media influence is also boosted by his pop icon status.
Neil Wilson, chief analyst at online broker Markets.com, said 'People are literally investing in him and his ideas.' The contest of those ideas does not matter, according to the expert.
Though Musk vowed recently to take a break from Twitter, beyond making several online comments there that pumped up the value of Dogecoin, he recently sparked a rally around Bitcoin.
Its price rose above $38,000 last week after Musk changed his Twitter bio to include '#bitcoin.'
By Thursday morning, its price had increased to over $38,741.
A tipping point for Bitcoin?
Dogecoin Casino
mb/dj (Reuters, Dpa)