![]() ![]() One aspect that sets Dogecoin apart is its lighthearted and welcoming community, which values kindness, support, and having fun. Unlike Bitcoin, Dogecoin has no limit on the total number of coins that can be created, which means that new coins will continue to be issued indefinitely. This makes Dogecoin a decentralized, peer-to-peer currency that is not controlled by any government or financial institution.ĭogecoin uses a proof of work (PoW) algorithm called Scrypt, which requires miners to solve complex mathematical equations in order to validate transactions and create new blocks on the blockchain. Like Bitcoin and Litecoin, Dogecoin utilizes a decentralized public ledger known as a blockchain, which is maintained by a decentralized network of nodes or computers around the world that work together to validate transactions and maintain the integrity of the Dogecoin blockchain. Technically speaking, Dogecoin was initially created as a fork of Luck圜oin, a fork of Litecoin, which is itself a fork of Bitcoin. It was named after the popular "Doge" meme, which features a Shiba Inu dog and often includes humorous captions. ![]() The same goes for Withdraw transactions.Dogecoin is a decentralized, peer-to-peer cryptocurrency created in 2013 as a joke by software engineers Billy Markus and Jackson Palmer. For example, if you sold 1 BTC and the price has since dropped by 20% (not a bear, just an example!) this column will show 20%▼. Note that in this column the values will be colored green if the transaction was beneficial to you, and red if it was detrimental. This column shows the difference between the market rate you logged in this transaction and the current rate of the market pair. Since Trade Columnĭirectly to the right of the Price column in the Transactions Table is a column titled Since Trade. This allows you to deduct the fees from either the currency being purchased or the currency being sold. Not all exchanges handle fees the same way, so we give you the ability to select both fee type (either a percentage or a fixed rate) in addition to a fee currency. After selecting a fee, the calculated base and quote quantities (after the fee is applied) will be displayed beneath. Fees are applied in addition to the inputs above. When creating Buy and Sell transactions you can choose to include an optional fee. That is, while Deposit transactions are counted as investments, these transactions are counted as pure profit. ![]() These transactions are similar to Deposit transactions with one major distinction. This can be as specific as "Uniswap Airdrop" or as general as "Staking". For each Reward transaction, you may enter a source. Use these transactions any time you receive coins for free. Fees can either be fixed (such as 2.50 USD) or a percentage (such as 0.5%). In addition to quantity and market rate, you may also include an optional fee that will be deducted. Buy and Sell transactions will deduct the currency you sold from your portfolio and add to the currency you purchased. These transactions should be used for all trades. The currencies you enter here will serve as your first deposit transactions, but you can always add more later. When you create a new Advanced Portfolio, you will be prompted to enter your initial holdings. Deposit transactions should be used to track your investments, while Withdraw transactions should be used when cashing out gains. Use these transactions to add and remove coins to and from your portfolio. ![]()
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