Just like umpteen other cryptocurrencies, Dogecoin is as enigmatic and very popular amidst many techs and gambling enthusiasts.
Dogecoin actually emerged as a result of a light joke. Dogecoin got its eponymous name from Shiba Inu “doge” meme. However, soon its developer, Billy Markus from Portland, Oregon, saw an astonishing upsurge in its popularity.
List of Online Casinos Using Dogecoin
With popularity, Dogecoin’s value graph also witnessed an upward swing. As a result, a horde of supporters started sharing the Dogecoin. Posting of memes about the coin online became a commonplace. All this and more ensued in putting Dogecoin in the race of top cryptocurrencies in the market.
As a result, a horde of supporters started sharing the Dogecoin. Posting of memes about the coin online became a commonplace. All this and more ensued in putting Dogecoin in the race of top cryptocurrencies in the market.
What is Dogecoin?
Launched in 2013, Dogecoin is an open source peer-to-peer cryptocurrency or digital currency. Like bitcoin it is a decentralized platform which is used by people to ensure swift and low-cost transactions. However, there are certain aspects that keep Dogecoin miles away from controversial parts of Bitcoin.
Dogecoin is primarily used for two purposes. Dogecoin is often used to tip other users on social media sites for posting informative content. Though, many a times tips are low but it is still a generous way of showing gratitude. Moreover, the merchants who have been accepting bitcoins as a means of transaction are not widely accepting dogecoins as well.
What makes Dogecoin stand out from the norm is its approachable image. Juxtaposed to other intimidating cryptocurrencies, it is fun, fresh and friendly.
You may wonder: What is the story behind ‘Doge’?
‘Doge’, an amiable and quirky mascot is very vital to Dogecoin’s success. When a meme of ‘The Shiba Inu’, a Japanese breed of dog, was doing the rounds online, Dogecoin got its unconventional name.
For those who haven’t come across the meme and are clueless about it, ‘Doge’ here is the slang word for ‘Dog’.
Gambling and Dogecoin Casinos
The notorious meme that contributed to the enthralling success of Dogecoin increased its outreach in the online casinos as well.
Though not as widely used as Bitcoin and bitcoin cash, Dogecoin is steadily making its mark in the domain of online gambling.
Dogecoin, like many other cryptocurrencies, owes its popularity in the field of gambling to the fact that it allows the users to make swift transactions without giving out little or no private information.
However, Dogecoin provides a little something extra when compared to other more popular cryptocurrencies like Bitcoin, Ethereum et al. It was specially designed for the purpose of carrying out micro transactions.
A large number of gambling websites are already indulging their players by accepting Dogecoin as payments. Top online casinos like Mbit, Betchain and bitstar are some known patrons of Dogecoin.
Who would have thought that something that started off as a joke could reach this far?
How Does Dogecoin Gambling Work?
Owing to its dedication and credibility, this seemingly silly cryptocurrency is now widely used for gambling and is a force to be reckoned with.
Using Dogecoin for gambling no herculean task. In fact, it is relatively simple and pretty much identical to using a majority of cryptocurrencies.
You can deposit and withdraw funds without giving out any private information at any Dogecoin accepting gambling site of your choice.
Now, after depositing the funds, you are armed with the Dogecoins and ready to gamble your heart out.
The Future of Dogecoin
In September 2017, Dogecoin soared to new heights. It marked its place among the top ten cryptocurrencies in the market, with several exchanging offering Dogecoin/Bitcoin and Dogecoin/Litecoin.
This clearly amounts to Dogecoin’s success and predicts a successful future. Not only that, Dogecoin is now to a large extent used on acclaimed social media platforms like Reddit and Twitter to provide a tip to the users in exchange for tip-worthy information, funny posts et al.
Also, there is no dearth of merchants who are wholeheartedly embracing Dogecoin which is an indication of a bright future.
And if more and more communities and people start adopting this tipping or rewarding culture, then this fun, fresh and iconic altcoin is bound to reach humongous heights.
However, notwithstanding its success so far, Dogecoin’s future is as volatile as every other cryptocurrency. As some factors work in its favor while some might impinge on its overall growth.