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Doge Devs Share New Weapon Against Dogecoin FUD

Dogecoin (CRYPTO: DOGE) developers have created a new resource they believe will be an important weapon against fear, uncertainty and doubt (FUD) surrounding the meme-based cryptocurrency.

Benzinga · 07/27/2022 13:52

Dogecoin (CRYPTO: DOGE) developers have created a new resource they believe will be an important weapon against fear, uncertainty and doubt (FUD) surrounding the meme-based cryptocurrency.

What Happened: In a tweet on Tuesday, Dogecoin Foundation director Timothy Ebbing shared a link to the new website that developers are calling “Dogepedia.”

The website contains documentation, guides, answers to FAQs and other resources pertaining to the Dogecoin blockchain.

Users can contribute their own DOGE articles to the website and interact with developers and other key personalities in the meme coin’s ecosystem.

The Dogepedia contains information on how to set up a wallet, mine coins and run a node on the Dogecoin blockchain.

See Also: HOW TO MINE DOGECOIN

The developers address some frequently circulated criticisms of Dogecoin, including its apparent lack of utility and concentrated supply, in a section titled “FAQ & FUD.”

“The simple fact is that money has utility - and Dogecoin is money! Indeed, Dogecoin is one of the few cryptocurrencies that has been used for this main purpose from day one,” said the developers, pointing to the JSON-RPC interface that lets shops integrate directly with the Dogecoin blockchain.

See Also: Mark Cuban: Dogecoin Was 'Real Money For Us' Until People Lost The Vibe For It

A number of companies, including Tesla Inc (NASDAQ:TSLA), have began accepting the meme coin for certain payments. 

Price Action: According to data from Benzinga Pro, at press time, DOGE was trading at $0.063, up 3.49% in the last 24 hours.