$DOGE: You Can Now Buy Meat Online With Dogecoin

Canadian meat company Meatme says it is now allowing crypto payments.

Here is how BINANCE Academy Dogecoin:

“Dogecoin (DOGE) is an open-source cryptocurrency stemming from a fork of the Litecoin codebase. As the name suggests, it’s largely based on the Doge meme that took the Internet by storm in 2013. The original image depicts a dog of the Shiba Inu breed, whose inner monolog is displayed in comic sans font.

“Billy Markus, a programmer from Oregon, initially came up with the idea for a sort of ‘joke’ cryptocurrency. He reasoned that a more lighthearted coin would have a better chance of attracting mainstream attention than Bitcoin. Around the same time, Adobe’s Jackson Palmer stated that he was ‘Investing in Dogecoin, pretty sure it’s the next big thing’ in a now-deleted tweet.

“Following some encouragement, Palmer went on to create dogecoin.com. When Markus stumbled across the website shortly after its launch, he reached out to Palmer to make it a reality and began work on what’s now known as Dogecoin. Upon launch, the cryptocurrency rapidly spread across social media. Within months, it hit a multi-million dollar market capitalization…

“Dogecoin is based on a fork of Litecoin (LTC) called Luckycoin. However, notable changes have since been made to the protocol… Similar to Bitcoin, Dogecoin uses a blockchain, where  are appended via Proof-of-Work… As a derivative of Litecoin, Dogecoin inherited the Scrypt algorithm. To avoid any competition and to mitigate security risks, though, Dogecoin developers switched to a merged mining model, meaning that Litecoin miners could simultaneously earn Dogecoin…

“Dogecoin mining targets a one-minute block time and yields a block reward of 10,000 DOGE. There’s no maximum supply of units, and over one hundred billion are already in circulation. Enthusiasts view the removal of any limit as a good choice, as it incentivizes the spending of the coin and prevents early adopters from profiting disproportionately.“

Yesterday, Vancouver, BC based firm Meatme — which makes “farm to table” easy by allowing customers to select from the cuts they like from their favourite farmers and fisheries and delivering it to their door — announced support with crypto payments with the help of crypto payment processor BitPay.

Featured Image by “Shutterbug75” via Pixabay