The Rise of Dogecoin (DOGE)
Dogecoin is a digital currency operating on blockchain technology. Blockchain provides a secure, decentralized ledger to record transactions securely. As it’s open source and free of any central authority, anyone can verify the legitimacy of any transaction that takes place across its network.
Dogecoin requires users to possess both a public and private key. When sending coins from one wallet to the next, an application notifies all miners on the network of any new transactions taking place; then these miners verify whether or not the owner of a private key possess the required amount of dogecoin for transfer – once this transaction has been confirmed by miners, then new coins will automatically arrive in their recipient’s wallet.