Dogecoin DOGE to BitcoinHD BHD Exchange

Crypto Pair Details: DOGE to BHD

Dogecoin DOGE

Dogecoin is a cryptocurrency based on the popular 'Doge' Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a 'joke currency' on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined. Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes. The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional. To purchase Dogecoin, it involves downloading a crypto wallet, setting up a crypto exchange account and then trading away for your desired crypto currency. Once we have set up an account with a DOGE currency exchange and deposited some funds, you are ready to start trading.

BitcoinHD BHD

Users can employ unused hard disk capacity to mine Bitcoins without the need for expensive mining rigs and other specialized hardware. Traditional mining hardware is energy intensive, noisy, produces a lot of heat, and is becoming increasingly specialized, moving beyond the means of ordinary people. With BHD, mining is simple and accessible. POW-based mining is all about raw computing power and energy output, whereas BHD's POC-based mining is far more energy efficient and returns to Satoshi Nakamoto’s original ideal that mining would be decentralized and performed by ordinary people. POC (Proof of Capacity) scans are only performed once every few minutes. For the rest of the time the hard disk is on stand-by with negligible power usage, greatly reducing energy costs. Based on capacity proof, it will support super-large blocks in the future and will add functions such as zero-knowledge proof. Solid-state drives are expensive, POC has no requirement for fast data processing, only capacity, so POC naturally eliminates ASIC chips. Currently, the amount of energy expended globally in POW mining is greater than the total energy output of 159 countries. The development of digital currencies shouldn’t have to be built on the wasting of resources. With BHD, POW calculations can be completed with a minimum of computing and energy resources.

SOURCE: COINGECKO

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