Why Dogecoin Transaction Volume Is Plummeting, And How It Affects The Price

in #trader2 years ago

Dogecoin, a new cryptocurrency that has been around for less than two years, is an interesting digital currency. It's fun and cute and it has some Bitcoin-like features like its blockchain, which records every transaction made on Dogecoin's network, but it also has some very different features.

One of these features is that Dogecoin is extremely easy to use. With most other cryptocurrencies, you need to download the entire blockchain to use them, which can be a bit complicated if you want to use your currency in situations where speed is needed (like shopping) or pay online. With Dogecoin, however, all you have to do is download the client software for your operating system and make sure it's running in the background when you want to send or receive money.

But that's not all. The second difference between Dogecoin and other cryptocurrencies is its inflation rate: while Bitcoin currently has around 21 million coins in circulation (out of an initial supply of just 21 million), Dogecoin has always had A fixed amount of 1 billion coins is in circulation. which means each coin will never lose value over time. This makes