Overview Of Dogecoin A Cryptocurrency Training Ppt

Slide 1

This slide gives an overview of one of the key cryptocurrencies, Dogecoin. Dogecoin, an open-source cryptocurrency, was founded in 2013 by Jackson Palmer and Billy Markus. Dogecoin originated as a joke based on a popular meme depicting a Shiba Inu (a Japanese dog breed). It is based on litecoin and employs the same proof-of-work algorithm.

Slide 2

This slide lists multiple interesting facts about Dogecoin (DOGE). Dogecoin's price is impacted by the same variables that affect the broader cryptocurrency market. Changes in regulatory frameworks, an increase in the number of merchants accepting cryptocurrencies as payment for goods, and demand for a cryptocurrency influence its value.

Slide 3

This slide gives multiple advantages and disadvantages of Dogecoin (DOGE). Dogecoin's benefits include faster confirmation of completed transactions, low transaction cost, a dedicated and amicable community of creators and fans, etc. In disadvantages, its mining is unprofitable since its value is low and involves a large number of coins; its functionality is also limited with no smart contracts on offer.

Slide 4

This slide highlights the difference between Dogecoin and Bitcoin. The fee for processing a bitcoin transaction is significantly higher than processing a Dogecoin transaction. Dogecoin and Bitcoin also have different transaction fee systems. Bitcoin users have the opportunity of paying a more significant fee for a transaction to be completed faster, with the same price being charged regardless of the amount of the transaction.

Instructor Notes:

Bitcoin was designed as a "purely peer-to-peer version of electronic cash" that permits financial transactions without a middleman or centralized administration. Dogecoin is the "fun and friendly online money" that is "liked by Shiba Inus worldwide."