Kollet supports Dogecoin (DOGE)

Photo by Executium on Unsplash

Great news Doge lovers 🥳🥳🥳 We are excited to announce that we support Dogecoin on Kollet. You can now send and receive Dogecoin (DOGE) on Kollet, in addition to Bitcoin (BTC).

Dogecoin is a consensus network that enables a new payment system and a completely digital money. It is a decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Dogecoin is pretty much like cash for the Internet.

Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme.

Is Dogecoin really used by people?

Yes. There are a growing number of businesses and individuals using Dogecoin. This includes brick-and-mortar businesses like restaurants, apartments, as well as popular online services. While Dogecoin remains a relatively new phenomenon, it is growing fast.

Can Dogecoin scale to become a major payment network?

The Dogecoin network can already process a much higher number of transactions per second than it does today. It is, however, not entirely ready to scale to the level of major credit card networks. Work is underway to lift current limitations, and future requirements are well known. Since inception, every aspect of the Dogecoin network has been in a continuous process of maturation, optimization, and specialization, and it should be expected to remain that way for some years to come. As traffic grows, more Dogecoin users may use lightweight clients, and full network nodes may become a more specialized service.

Keep in mind

Unlike Bitcoin, which is designed to be scarce and resistant to inflation, Dogecoin was created to be abundant. There are about 130 billion DOGE circulating, and miners produce another 10,000 every minute.

Receiving Dogecoin on Kollet is absolutely free. No charges. Have friends and customers pay you using Dogecoin. You can safely manage your payments and crypto assets on your account dashboard.

Register an account on Kollet to send and receive Dogecoin :)

Cheers !! 😉

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