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Cardano Founder Launches Surprising Dogecoin, Bitcoin Insight
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In a tribute to the beloved Shiba Inu Kabosu recently deceased Cardano founder Charles Hoskinson posted a memetic statement that resonates deeply within the crypto community.
In a tweet, Hoskinson posted a GIF image with the caption “I have been and always will be your friend,” to which he wrote “Doge to Bitcoin.” The Cardano founder was responding to a post about Kabosu’s disappearance.
Kabosu, the face of Dogemoneta and the iconic “Doge” meme, has left an imprint on the hearts of many. His passing was felt across the Internet, uniting communities in remembering the joy he brought to the world.
The Japanese Shiba Inu inspired a generation of online jokes after her skeptical gaze became a symbol of Internet humor in 2010. The Cardano founder’s recent comment not only pays homage to Kabosu’s legacy, but also highlights the camaraderie that exists within the crypto space.
The Cardano founder’s memetic statement would be essentially true considering the relationship between Dogecoin and Bitcoin.
In 2013, two software programmers, Jackson Palmer and Billy Markus, were inspired by the simplicity of Bitcoin to create Dogecoin, a parody cryptocurrency.
Given that DOGE was originally a joke copy of Bitcoin and used a significant portion of Bitcoin’s source code, the two cryptocurrencies share a lot in common.
For example, both Bitcoin and Dogecoin use a proof-of-work (PoW) consensus mechanism involving miners. Transactions on a proof-of-work blockchain are stored in blocks. Once a block is full, a group of devoted users considered miners begin validating it.
However, several changes have been implemented over time, causing Dogecoin and Bitcoin to differ more than they might seem at first glance.
About the author
Tomiwabold Olajide
Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analyzes and trading predictions on estimated market trends. Tomiwabold graduated from the University of Lagos.