• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, July 8, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Everything you need to know about the Dogcoin network

by Reshab Agarwal
February 8, 2023
in Crypto
Reading Time: 4 mins read
0
Everything you need to know about the Dogcoin network
TwitterWhatsappLinkedin

Did you make money investing in Dogecoin and Shiba Inu? If yes, that’s great, but there is a high chance you didn’t. Their meteoric rise was unexpected and showed that with meme coins, everything is possible. I have seen my friends make 20x returns on their investments in these coins. However, there might be a second chance for those who didn’t. In this article, I will share everything about the Dogcoin network, compare it with popular meme coins like Shiba Inu and Dogecoin and share its future potential.

You might also like

Digital Finance Surge: X Launches Trading, Polygon Revamps, Bitcoin Core Expands Data Capability

America Party Embraces Bitcoin: Musk Declares Fiat “Hopeless”

Dormant $8.6B Bitcoin Wallet Transfers Spark Hack Fears, Says Coinbase Executive

Do note that Dogcoin is not the same as Dogecoin.

About Dogecoin and Shiba Inu

Dogecoin and Shiba Inu
Image Source: NewsroomPost

Dogecoin is the first meme coin ever created back in 2013. In fact, the sole motto behind its creation was to mock the idea of cryptocurrencies. However, in 2021 as Elon Musk preached Dogecoin on Twitter, its fan base increased rapidly, and so did the price. It touched 74 cents and also became the 4th largest cryptocurrency by market cap for a while. However, after the hype subsided, the price began to crash, and currently, it is almost 90% down from its all-time high.

Dogecoin still has a huge community and the backing of one of the richest individuals on the planet. Therefore, we can expect it to rise again when the bull market begins.

Coming to Shiba Inu, no matter what its developers say, it was built after seeing the success of Dogecoin in 2021. The market cap of Shiba Inu is currently at $7.8 billion, and it is the 13th largest cryptocurrency. Shiba Inu also has a huge fan base and developments going on, but Dogecoin’s community is bigger and more active.

The new Dogcoin network and its potential

The Dogcoin network has a lot of potential as it has high transactions per second and low fees. This allows for the usage of the cryptocurrency network as a payment medium, giving it a legit use case. It is also important to note that currently, the market cap of the Dogcoin network is very low, which means early investors will get a huge advantage by putting their money in it right now. Developers are also actively working on the network to increase the TPS to 500k, which is a huge target and is multi folds of the volume of Visa and Mastercard processes per second.

This will be a layer 2 solution in Dogecoin, and the primary focus will be gaming. It will be fast and smooth and allow users to do microtransactions which is something that no crypto network has managed to achieve till now. However, sometimes the plans and target of the network seem to be unrealistic when we realize that, at present, it can support 80 transactions per second.

This is definitely higher than a lot of cryptocurrencies like Bitcoin, which has a tps of 7, while Solana, which claims to really fast, has a tps of 50. Compared to that, Visa, the largest payment processor network, supports almost 1,700 transactions per second.

The network is great for creators

The Dogecoin network is also really awesome for creators. How? Well, every contract creator will get a commission of the gas fees that get generated from the user transactions. This commission is around 5%, so if a DApp generates $10,000 in gas fees, the creator will get $500 in earnings. This will be able to incentivize creators to build more on the network, and when there is enough usage scenario for the masses, the adoption of the Dogcoin network will rise.

Should you invest in the Dogcoin network?

Whether you invest in a network or not is a very subjective question. If you have the capability to take the risk of investing in such a new project for the chance of making huge returns, then yes, the Dogcoin network could be a choice. However, the way the cryptocurrency has been named does sound shady, and it looks like the marketing team is trying to bank on Dogecoin’s popularity.

How to buy Dogcoin?

If you have decided to buy Dogcoin then here are the steps to follow to be able to purchase the token. First of all, you need to download the Binance wallet. It is available on all platforms .i.e, android, iOS and the web. Now, once you set up the wallet and store your seed phrase carefully, you are really to go. The third step is to purchase the BNB chain, set it up as your base currency, and send it to your wallet from Binance.

Now, you need to connect the wallet with a DEX, one of the popular ones is Pancake swap. You can now trade/exchange your BNB for Dogcoin on the platform. If searching for Dogcoin doesn’t show it on the DEX, you can also search for it using the smart contract address. And voila! you are done.


What are your thoughts on the Dogcoin network? And I hope you do not have any more doubts about it! Do let us know if you have any queries in the comments below. Also, like and share the article with your friends and family.

Read: Genesis creditors expect an 80% recovery under the restructuring plan.

Tags: Dogcoin_Network
Tweet54SendShare15
Previous Post

10 Best Professional Business Haircuts For Men

Next Post

New: Tinder to hide your profile from people

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Digital Finance Surge: X Launches Trading, Polygon Revamps, Bitcoin Core Expands Data Capability

by Anindya Paul
July 8, 2025
0
Digital

With large improvements from Elon Musk's X, Polygon and Bitcoin Core it is clear the digital asset sector is at a major tipping point this month. X with...

Read more

America Party Embraces Bitcoin: Musk Declares Fiat “Hopeless”

by Anindya Paul
July 7, 2025
0
America Party

Elon Musk, the serial entrepreneur behind Tesla and SpaceX, has confirmed that his newly unveiled political movement, the “America Party,” will officially support Bitcoin—declaring fiat currency “hopeless.” Announced...

Read more

Dormant $8.6B Bitcoin Wallet Transfers Spark Hack Fears, Says Coinbase Executive

by Anindya Paul
July 7, 2025
0
Bitcoin

An unidentified movement of around 80,000 Bitcoin—valued at roughly $8.6 billion—in what appears to have been an account that had been dormant for more than 14 years has...

Read more
Next Post
New: Tinder to hide your profile from people

New: Tinder to hide your profile from people

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?