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Bitcoin BTC VS Dogecoin DOGE VS Polygon MATIC 🔥 Bitcoin price 🔥 Dogecoin price 🔥 Polygon matic news
Bitcoin price 🔥 Dogecoin price 🔥 Polygon matic news 🔥 Bitcoin (BTC) VS Dogecoin (DOGE) VS Polygon (MATIC)
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🎁 Bitcoin (BTC): 1FgvskEbTnhfrNhpbM9fQKL6LVAY2i48LE
🎁 Dogecoin (DOGE): D7WdqTRHSK4cBNYjU1bgS4nBsAEZcgZZhQ
🎁 Litecoin (LTC) : LNmdiWSYaaraA2vFWM4HnCPbbYvV18Evyu
⚡ What is polygon matic
Polygon (MATIC) is a layer 2 scaling solution designed to build upon the Ethereum blockchain, facilitating higher transaction throughput and lower transaction costs. Formerly known as the Matic Network, Polygon aims to create the blockchain infrastructure necessary to deploy and use Etheruem-based decentralized applications (DApps) at scale.
Functioning as an add-on to the Ethereum blockchain, Polygon uses scaling solutions in order to increase the size, capacity, security, and efficiency of the Etheruem network. The Polygon platform is a multi-level system that creates sidechains upon which transactions are executed before they are merged with the main Ethereum chain, reducing the overall load on the Ethereum network.
⚡ What is Dogecoin (DOGE)
Dogecoin was developed in 2013 by Jackson Palmer and Billy Markus, who decided to create a tongue-in-cheek take on altcoins, which were steadily gaining popularity amongst crypto speculators at the time.
Dogecoin began as a “meme coin” that poked fun at the buzz around new altcoins entering the market. Initially, Dogecoin had little to no value, and it was initially used as a tipping mechanism to thank users on social media and online forums like Reddit.
One notable aspect of Dogecoin was that it borrowed the scrypt-based proof-of-work (PoW) consensus algorithm used by the now-defunct Luckycoin, which borrowed much of its own technology from Litecoin.
PoW mechanisms create consensus using a network of computers that run the software. This allows anyone with a valid computing device and an internet connection to dedicate computing resources to become a validator on the Dogecoin network. In exchange, validators receive mining rewards in the form of additional Dogecoin. The PoW mechanism also ensures Dogecoin offers quick transactions and low fees, which contributed to its adoption by cryptocurrency enthusiasts.
The Dogecoin community is well-known and refer to themselves as “Shibes”. Today, Dogecoin is still used to tip online creators. It’s also used, albeit infrequently, for eCommerce, as users can buy goods and services using Dogecoin at select merchants.
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⚡ Our videos ARE NOT financial advice
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments. CryptoOK and affiliates are not responsible for individual loss due to poor trading decisions or any other actions which may lead to loss of funds.
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#btc #doge #matic
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