Bitcoin wallet not enough space

Nowadays the real innovation seems to be embodied by digital currencies. Almost everyone knows what Bitcoin are, but it is also important to get in touch with the whole word of crypto-currencies.

Some months ago I heard about Dogecoin for the first time. At first it was just a game to me, but in a few weeks this crypto-currency showed a huge potential. Let's start from the beginning. When Kanye West threatened to sue the producers of Coinye Coin, it seemed to be the perfect moment to create a new digital currency. So, the idea of Dogecoin took place and now it is actually the cutest crypto-currency on the web. Despite being initially misunderstood, Dogecoin has been able to achieve a number of transactions doubling Bitcoin’s one, in a relatively short time.

How did such a coin, born almost as a joke, become one of the crypto-currencies with the highest growth rates on the web? In late November, the co-founder of Dogecoin, Jackson Palmer, encouraged by the exorbitant growth of crypto-currencies, registered the domain dogecoin.com introducing also a simple logo, which soon spread everywhere. “At first it was nothing more than an hilarious idea… The next morning, Billy Markus, a former engineer of IBM, worked on the interface and suggested me the creation of a digital wallet suitable for Dogecoin”. The rest is what we experienced. The creation of a digital and safe wallet for Dogecoin meant that it could work as a proper crypto-currency. The first sign implying that Dogecoin was more than just a passing fad occurred a few weeks after its creation, when its value increased more than 300% in a day: the largest growth ever registered for any crypto-currency within 24 hours. Soon after, a true microeconomic system around the universe of Dogecoin took form. People started to use the newborn coins for real transactions. On websites like shibemart.com, Dogecoin could be used to pay for different services such as Latin translations services, Photoshop, or even get a plumber (currently available only in Vancouver).

Going a little deeper into the technicalities of Dogecoin let me explain how it works in simple words.