The strongest revolutionary changes to cryptocurrency have undoubtedly been produced by the industry’s twin pillars, Bitcoin (BTC) and Ethereum (ETH). They have changed the industry since their inception, with other cryptocurrencies subsequently seeking to emulate the blueprints of both these coins. However, this is an innovative industry; beyond the domineering presence of both Bitcoin and Ethereum there is scope for crypto creativity from other coins. One such coin which could be an innovative force is the new meme coin DogeMiyagi (MIYAGI).
What Is DogeMiyagi And What Does It Offer?
Gone are the days when meme coins were merely a source of amusement; DogeMiyagi is a prime example of this change. This novel meme coin, built on the Ethereum blockchain, is introducing dependability and stability to the meme coin domain. By leveraging the strength of the community and the meme coin culture, DogeMiyagi aims to be transformative.
Through its decentralised autonomous organisation (DAO), DogeMiyagi empowers the community to actively participate in shaping the project’s trajectory. Each member of the community will have the opportunity to contribute to the decision-making process through voting rights. Additionally, the community can anticipate daily rewards, exclusive non-fungible tokens (NFTs), and access to a dedicated domain featuring special benefits and offers.
The launch of DogeMiyagi will take place on Uniswap, a user-friendly decentralised exchange (DEX) that ensures seamless swapping of tokens with other ERC20 tokens and Ethereum. DogeMiyagi demonstrates forward-thinking characteristics and embodies the future of meme coins. Although the presale has just commenced, it is expected to flourish upon official launch.
Bitcoin Is The Pioneer That Stands Above All:
Bitcoin is the first cryptocurrency and has to this day stood taller than the rest. Its innovations are endless but here are just some of the main ones.
Bitcoin introduced the concept of a decentralised digital currency, eliminating the need for intermediaries like banks or governments to facilitate transactions. It relies on a peer-to-peer network of computers (nodes) to maintain a transparent and secure ledger called the blockchain.
Bitcoin introduced the blockchain, a distributed ledger that records all transactions in a transparent and immutable manner. This technology enables secure and verifiable transactions without the need for a central authority.
The Proof-of-Work (PoW) consensus mechanism, where miners compete to solve difficult puzzles so that transactions can be validated and added to the blockchain, was first introduced by Bitcoin. This system ensures network security by making it computationally expensive to attack or manipulate the blockchain.
Lastly, Bitcoin implemented a capped supply of 21 million coins, ensuring scarcity and potentially acting as a hedge against inflation. This feature has contributed to its store of value properties.
Ethereum Embodies Crypto Innovation:
Ethereum revolutionised the cryptocurrency landscape by introducing smart contracts, which are self-executing contracts with predefined rules and conditions encoded into the blockchain. Smart contracts enable the development of decentralised applications (dApps) and facilitate the creation of new tokens and programmable digital assets.
Ethereum’s platform enables the development of dApps that run on the blockchain, eliminating the need for intermediaries and offering transparency and trust in various industries. These dApps can be used for decentralised finance (DeFi), supply chain management, gaming, and more.
Ethereum also introduced a standardised protocol called ERC-20, which enabled the creation of fungible tokens. This innovation sparked the initial coin offering (ICO) boom, allowing projects to raise funds by issuing and distributing their tokens.
For more about DogeMiyagi: