How Dogecoin works?

[CryptoHolic]

1. Blockchain Technology:

Dogecoin, like other cryptocurrencies, is built upon blockchain technology. Think of the blockchain as a giant digital ledger that records every Dogecoin transaction ever made.
This ledger is decentralized, meaning it's distributed across a vast network of computers rather than controlled by a single institution. This ensures security and transparency.
2. Transactions:

When you send Dogecoin to someone, the transaction is broadcast on the Dogecoin network.
It includes information about the sender's address, the recipient's address, and the amount of Dogecoin.
3. Mining and Verification:

Dogecoin 'miners' use powerful computers to solve complex mathematical puzzles that verify these transactions.
This process of verification is called "mining." In return for their efforts, successful miners receive newly created Dogecoin as a reward.
4. Adding to the Blockchain:

Once verified, transactions are grouped into "blocks." These blocks are linked together chronologically, creating the chain or the Dogecoin blockchain.
The blockchain serves as an irreversible and tamper-proof record of all transactions on the network.
5. Security:

Dogecoin utilizes cryptography for secure transactions.
You have a public key (your Dogecoin address) used to receive Dogecoin.
You also have a private key, which acts like a password to sign off on transactions, ensuring only you can access the Dogecoin associated with your address.

Reference: https://trustcrypto.weebly.com/blog/dogecoin-su-ra-oi-va-ac-iem-co-ban

[Ronald Ray]

Dogecoin operates on blockchain technology, a decentralized ledger recording all transactions. When you send Dogecoin, details like sender and recipient addresses are broadcast on the network. Miners use computers to verify these transactions through complex puzzles, earning rewards in Dogecoin. Verified transactions form blocks linked together to create the blockchain, an irreversible record of transactions. Security is ensured through cryptography, with public and private keys used for transactions, providing secure access to your Dogecoin.