Dogecoin Will Become Proof-of-stake

According to the chief executive and founder of Celsius Alex Mashinsky, Dogecoin will probably transition from a proof-of-work protocol to proof-of-stake. Mashinsky said in a brief statement during a webcast “I’m going to make a prediction. In the next two years, dogecoin is going to migrate from proof of work to proof of stake.” Proof of stake means instead of committing electricity to run computers and try to win a contest, people will stake actual coins. But how does this all work? Well, you basically lock a certain amount of funds on an everyday computer that is connected to the…


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Will Tesla replace Bitcoin with Dogecoin for vehicle purchases?

Dogecoin’s price had decreased significantly after Elon Musk’s SNL appearance on May 8th. Many believe that this is due to the fact that Musk said “Dogecoin is a hustle” during the show and some believe it is due to his mother’s statement about Dogecoin. Musk brought his mother Maye on stage during the opening, and she said “I’m excited for my Mother’s Day gift. I just hope it’s not dogecoin.” Musk demonstrated his influence and power in the crypto market by making the price of Dogecoin surge through his tweets. Many Dogecoin traders got disappointed after Musk’s appearance on SNL…


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What is Chainlink ?

Chainlink is a cryptocurrency seeking to foster a global network of computers to generate dependable, real-word data to smart contracts operating on top of blockchains. Smart contracts are agreements programmed to carry out if and when some conditions are met. The Chainlink network permits smart contracts on Ethereum to securely connect to outer data sources, APIs, and payment systems. Chainlink is a tokenised oracle network that generates price and events data collected from on-chain and real-world sources. The cryptocurrency was launched in 2017 by Serge Nazarov, and it seeks to provide a solution to the oracle problem or the ability…


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Dogecoin is becoming increasingly popular due to its massive increase in price. At the time of writing, the meme currency is about 27 cents and is the 7th largest cryptocurrency in the world with a market cap of $35,191,548,868. Dallas Mavericks owner and billionaire investor Mark Cuban spoke about Dogecoin on the Ellen show. The actual interview is going to air today at 4pm EST.

Ellen: “I am interested in Dogecoin and i really want to know more about this, so talk about Dogecoin.”

Mark: “It’s crazy, the craziest story ever. So Dogecoin is a cryptocurrency that was created as…


Is Ethereum outperforming Bitcoin?

Ethereum hit a new all time-high of over $2,600 yesterday, as Bitcoin dominance dropped below 50%. The second largest cryptocurrency progressively stood out against the rest, as Bitcoin continued to consolidate lower and other altcoins experienced a massive decrease. Most altcoins are dependent on BTC; they increase when BTC increases and decrease when BTC decreases. I consider Ethereum as a lucrative investment due to its uses; many altcoins such as Maker, Chainlink, and Aave are built on the Ethereum blockhain, and NFTs are also part of the Ethereum blockchain. It is believed that Ethereum price is dependent on BTC price…


What is Doge Day 4/20?

Dogecoin supporters and traders want to take the meme currency to a new all-time high on April 20 by buying more of it in the masses to increase its price to 69 cents. Some have been urging others to buy $4.20 worth of Dogecoin on Doge Day, to increase the value. However, this date is celebrated every year by several marijuana smokers and enthusiasts globally as “Weed Day.” Nevertheless this year, Dogecoin fans want to rebrand 4/20 as “DogeDay.” At the time of writing, the meme currency is about 39 cents making the 69 cents target possible. Dogecoin has received…


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Dogecoin reaches all-time high

According to CoinMarketCap, Dogecoin’s price increased by 336.51% in the last seven days. The meme currency is now among the top ten most valuable cryptocurrencies in the world with a market cap of $35,638,053,045 at the time of writing. It reached an all-time high of $0.44 on Friday, making many millionaires. According to Michael Kamerman, CEO of fintech firm Skilling, the chief drivers behind dogecoin’s popularity is its online communities, coupled with support from high-profile business magnates like Elon Musk. Mr Kamerman said that the current price run could encourage even more people to take risks and invest large amounts…


What’s Happening With Dogecoin?

In one of my articles titled Whaf If Dogecoin Goes to the Moon? , i predicted that Dogecoin will go to the moon (rise significantly in price) and this came to pass yesterday. According to CoinMarketCap, Bitcoin’s price has hit new all-time high of $64,863.10 causing altcoins to surge. Altcoins usually surge when Bitcoin’s value increases. According to Coindesk, Dogecoin’s price increased over 86.5% from its 24-hours low of $0.00759 to $0.01416. This surge can be partly attributed to Tesla CEO Elon Musk who made several tweets about the meme currency over the past four months causing people to buy…


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What is Maker (MKR)?

Maker (MKR) is a cryptocurrency on the Ethereum blockchain created to reduce the price volatility of its own USD-pegged cryptocurrency, DAI which is the world’s first unbiased currency. DAI has a monetary value of $1. It is a decentralized and collateral-backed cryptocurrency. Users can create Collateralized Debt Positions (CDPs) and utilise Ethereum as collateral to generate DAI through the MakerDAO system. The Dai Stablecoin System, today called the Maker Protocol, now accepts as collateral any Ethereum-based asset that has been endorsed by MKR holders, who also vote on corresponding Risk Parameters for each collateral asset. Voting is a critical component…

E. B. Kevin

Writing is My Addiction — Making an Impact is My Mission — Sharing Knowledge is My Passion. www.ebkevin.com

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