In a rapidly technologically changing world, cryptocurrencies are becoming more and more popular. The ease at which transactions can be made quickly and securely is changing how people think about and handle their money. Bitcoin and later Ethereum changed the landscape of finance and economics with their innovative change to currency. Following their success, many other attempts at cryptocurrency have been forged. One such attempt is known as Dogecoin.
What originally started as a joke based off of a popular internet meme involving a Shiba Inu, Dogecoin has become a large cryptocurrency that as of March 2016 had a capitalization of $22 million. Perhaps this joke contributed to Dogecoin’s rapid success. Compared to other cryptocurrencies, Dogecoin is relatively similar in popularity, although it in most cases it is less mature than its competitors. The lone fact that Dogecoin was originally intended as a joke and has still been able to become a large, functioning cryptocurrency is a testament to the upwards trend of the cryptocurrency industry in general.
This article seeks to explain Dogecoin’s capabilities, specifically in relation to online gambling.
Cryptocurrencies have become increasingly popular in recent times for several reasons. First, cryptocurrencies are untouched by large banking and financial institutions and are thus untouched by the various fees and charges that can be related to using such institutions. These institutions serve essentially as middlemen who take a percentage of every transaction for using their services. As cryptocurrencies conduct business peer to peer and on an anonymous level, users will not suffer the consequences of using these middlemen.
Another major reason for popularity is the anonymity involved with cryptocurrencies. Transactions can be made between users without forfeiting personal information. Therefore, business is conducted on a much more secure level. Essentially, cryptocurrencies have made it easier for people to have more control and security over their money. All of these facets apply to Dogecoin, and when taking them in to account, it is easy to see how it has become such a successful cryptocurrency. Something that makes Dogecoin stand out among its fellow cryptocurrencies, however, is that they were designed to reach a broader demographic, thus in turn increasing the popularity of cryptocurrencies overall.
Gambling and Dogecoin
Although Dogecoin is relatively new and continuing to grow as a cryptocurrency, there is already a sizeable amount of gambling websites that accept Dogecoin as payment. Those who are avid online gamblers do not have to worry about exchanging their Dogecoins for another form of currency as there are currently a large group of games and casinos that will gladly let people make wagers with their Dogecoins. Some of the games Dogecoin users can currently play are Dice, Poker, Slots, Roulette, Blackjack, Lotteries, and Sports Betting. Users can even play less expected games like Minesweeper with their Dogecoins. Currently, the top bitcoin online casinos that accept Dogecoins are BitcoinPenguin, Crypto-Games, and FortuneJack.
These major casinos and the multitude of games available to users of Dogecoins represent the growing clientele that Dogecoins is becoming associated with. As time goes on and the cryptocurrency continues to grow, it can be expected that more casinos and games will be made available for users. Considering that Dogecoin initially started off as joke, it is very impressive to see that they are widely accepting among online gambling sites.
Due to the nature of cryptocurrencies, users are able to access their ‘virtual wallet’ from nearly anywhere in the world. This facet allows users to make incredibly fast withdrawals when cashing out from their chosen gambling website. Users of Dogecoins can expect that cash outs will happen almost immediately on a consistent basis, allowing users to have more control over their money. Cryptocurrencies have become the easiest and quickest form of currency to play online gambling with, in part because of the rapid crypto cash outs. Coupled with this is the security and anonymity involved with using cryptocurrencies, creating a safe environment for online gamblers to play in.
Dogecoin has become a close competitor to what were seen as the giants of the cryptocurrency landscape. Perhaps some of this popularity is due to their strategy of using a popular internet meme as the namesake and mascot of the currency. But Dogecoin’s popularity is also due much in part to its dedication to provide its users with a safe and anonymous cryptucurrency that consistently works.
For those who avidly gamble online with cryptocurrencies, it would be wise to try Dogecoin as it will likely boost their game. All in all, Dogecoin should be valued for how popular and revered it has become considering its difficult conditions starting out. Their rise tells a great story of how hard work, a dedication to top of the line service, and a bit of humorous luck can come together to make a great user experience. Dogecoin has become strong enough to stand up to giants of the industry like Bitcoin and Litecoin, and it certainly seems that they are not backing down anytime soon.
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