Dogecoin (Part 2)

Information About The Cryptocurrency Token/Coin: DOGE

Information About Dogecoin:

From Wikipedia: Dogetipbot was a cryptocurrency transaction service used on popular sites like Reddit and Twitch. It allowed users to send Dogecoins to other users through commands via Reddit comments. In May 2017, Dogetipbot was discontinued and taken offline after its creator declared bankruptcy; this left many Dogetipbot users losing their coins stored in the Dogetipbot system.

DeFi (decentralized finance) is a form of finance that does not rely on middlemen such as brokerages, exchanges, or banks to offer financial instruments. This is accomplished using “smart contracts” which are automated enforceable agreements that do not need intermediaries like a bank or lawyer but use online blockchain technology instead. While Dogecoin cannot interact with smart contracts directly given that it operates on its own chain, the coins can be “wrapped” so that they can be locked into a state that is interoperable with a contract until it is later released. The Ren Project has enabled Dogecoin (renDOGE) to be used on the Ethereum blockchain and access the DeFi network. Most DeFi coins use the Ethereum blockchain network. DeFi linked coins use decentralized applications (“dApps”) to transact and trade on decentralized exchanges (DExs). An…