Active communities are integral to a token project’s success in the cryptocurrency market. The most prominent coins have large and supportive communities ensuring the protocol changes are progressive. Dogetti (DETI) intends to leverage its DAO protocol to displace Dogecoin (DOGE) and Cosmos (ATOM) from their top positions on the crypto charts after its launch. Here’s more about the new meme coin’s protocol.
The OG Dogecoin Is Still Kicking It
Dogecoin (DOGE) was launched in 2014 as the first meme coin project within the cryptocurrency market. Its launch was intended to ease the tension associated with activity in the crypto space by supplying daily memes for crypto traders. Even the coin was misnamed as a joke by developers Billy Markus and Jackson Palmer.
Dogecoin (DOGE) runs on a proof of work protocol, the protocol of choice before stake protocols became popular. The protocol allows users to mine their DOGE coins from the unlimited liquidity pool, even though mining has gradually become less common in the cryptocurrency market. Dogecoin (DOGE) is also based on an independent blockchain, which analysts have assumed to be a reason for its relevance in the crypto space.
Dogecoin’s launch saw it accumulate a small audience among crypto traders, which translated into investors in the early stages. This community grew steadily over the years. However, the big break came in 2021 when Elon Musk publicly endorsed the token and its possibility of becoming a primary global medium of exchange. The announcement saw many investors and traders join the Dogecoin network, raising its market capitalization to over $80 billion within a month.
Dogecoin (DOGE) developers are looking to add more features to the platform to make it more attractive and contemporary. The token currently sells for $0.082 on Coinbase.
How To Connect With Cosmos
Cosmos (ATOM) is a decentralized project that features interconnected blockchains, promoting scalability and communication between these blockchains and other models. The platform seeks to make the blockchains attain high levels of scalability while ensuring they are sustainable within the cryptocurrency market.
Cosmos (ATOM) runs on a proof of stake protocol called the Byzantine Fault Tolerance Consensus protocol, which enables faster validation of protocols and powers the individual blockchains. The Tendermint consensus supports the BFT protocol in running the network.
Cosmos (ATOM) uses some tools to ensure the blockchains interact and aid one another. There is the Cosmos Software Development Kit, which facilitates the creation of blockchains for public use. It contains the framework that guides blockchain creation on the Cosmos platform.
The Cosmos Hub is a central feature of the network, representing its economic center and establishing bridges between the blockchains. The Cosmos Hub also provides interchain security and bridges to Bitcoin and Ethereum, thus promoting communication with other blockchains.
The ATOM token is used as a stake token and governance token, as it improves platform security and gives users the right to vote on protocol changes or upgrades.
ATOM sells for $12.85 on Coinbase.
The New Don On The Block: Dogetti
Dogetti (DETI) is the new kid on the block in the cryptocurrency market. With its unique protocol features, it will be looking to offset Dogecoin and Cosmos from their top crypto positions. The token features a DAO community, an NFT marketplace, and an exchange platform, which will enhance its operations.
User participation is essential for the network’s continued success in cryptocurrency, as the most successful token projects have committed users. The Dogetti (DETI) community will form a DAO structure, enabling the users to participate actively in the affairs of the platform. The DAO community will monitor developers, ensuring only user-friendly protocol changes are approved.
The NFT marketplace is another top element the Dogetti (DETI) users will enjoy on the platform. The NFT marketplace will allow users and developers to create their NFTs from various forms of multimedia content. The marketplace also allows them to sell their NFTs to users all over the crypto space. NFTs on the Dogetti (DETI) platform will be for future upgrades to a Metaverse ecosystem or a blockchain game, providing better use cases for NFTs generated on the platform.
Anticipate the Dogetti (DETI) presale event, as the developers will soon announce its launch. Use code WISEGUY25 for an initial 25% bonus on any presale purchase. Stay with us as we watch for more information on the presale.
Join The Dogetti (DETI) Family Now:
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
