Dogecoin as an asset provides a rather unattractive long-term prospect based upon it very dilutive structure. What value Dogecoin does hold is its liquidity, speed of transaction, and brand loyalty above that of any other blockchain, for say Bitcoin itself.
- Speed and Cost. Doge boasts fast transactions and low transaction fees.
- Dogecoin Community — over 1.4m Reddit members are known for their friendly and welcoming group.
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.
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.
TulsaLabs will look to develop a number of commercial applications off a host of new exciting blockchain protocols. Doge, based on its brand loyalty and speed of transaction, just makes this protocol one area we wish to focus on here at our newly launch Blockchain Research Lab.
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