What is Dogecoin? Well SNL, it’s a Future Payment Protocol That’s What!

May 9, 2021 Uncategorized

(NEW YORK)–A skit on Saturday Night Live asked ‘what is Doegcoin’ and the answer is a possible leader for micropayments and rewards is what.

In news skit on Saturday Night Live with Elon Musk the commentator kept quizzing Elon’s character again and again, what is Dogecoin? At end they joke together ‘it’s a hustle’.

Funny bit, but jokes aside, DogeLabs believes we could see real life uses emerging for Dogecoin as a possible popular mobile or web-based micropayment feature for many future applications.

Transaction Processing Speed

One of the advantages of Doge is the very fast transaction processing speed compared to other cryptocurrencies. This is due to relatively simple mining, which allows for faster block processing. The block is created once a minute, which is nearly 2.5 times faster than LTC.

Only 4 DOGE blockchain confirmations is needed to complete the exchange. This speed of transaction could make Doge an excellent means for transfer and micropayments for websites and mobile applications.

Brand Loyalty

One of the most attractive features is their community, and brand loyalty. With million+ followers, and growing every day, applications built around Doge could provide a ready available market on which to deploy to new applications to.

Having a large community of loyal Doge users would also provide companies a ready market who will help promote their products rapidly into the market.

Conclusion

Elon did a great job on SNL, but Dogecoin is quickly being accepted as a possible means of payment for goods and services, and Dogelabs will be focused on building and promoting new applications around this cryptocurrency.

Doge Investor Network

If you feel the same way about Doge then register to our Doge investor network for updates on our lab and potential airdrops deals in the future https://dogelabs.io/investors/


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https://etherscan.io/token/0x05ef5b0c53c17136d0f19fb11b02a749e08067b8

About DogeLabs

DogeLabs is a blockchain research lab located in New York City and Tulsa, OK focused on developing commercial applications around the Doge protocol. The goal of the lab is to bring together developers and enthusiasts who have interest in the Doge blockchain. https://dogelabs.io/

Forward-Looking Statements:

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DogeLabs is strictly research firms focused on the development of blockchain applications, and in no way is involved with the buying, selling, issuance of any cryptocurrencies, or investment advice.