What Is DogeCash?

DogeCash, also known as DOGEC, is a cryptocurrency coin created as a community-driven project in 2018. The project was developed by a group of Dogecoin enthusiasts who wanted to see the coin succeed in the future of DeFi, or decentralized finance and payment processing.

Since Dogecoin uses the proof of work mechanism, it's far from eco-friendly. And the reason being it requires a lot of electricity to run on a network. In fact, this factor makes Bitcoin so environmentally damaging, too.

This is one of the main reasons why DogeCash was developed. In light of the highly concerning climate crisis we are experiencing, many crypto enthusiasts believe that the crypto industry must become more eco-friendly to mitigate its environmental impact using the Proof-Of-Stake mechanism.

The proof of stake mechanism came after proof of work and offered a more energy-efficient way of running a blockchain securely. Because of this, most new tokens and some pre-existing cryptos now use the newer consensus mechanism.

A particularly notable mechanism switch to proof of stake took place on the Ethereum blockchain. By the end of 2022, the entire Ethereum blockchain will switch to proof of stake, which will result in a significantly reduced energy consumption rate across the network. So, it makes sense that DogeCash's developers wanted to use proof of stake right off the bat.

DogeCoin Vs DogeCash

Unlike Bitcoin Cash or Bitcoin Gold, DogeCash is not a hard fork of the Dogecoin blockchain. Instead, it is an independent project with its own blockchain. Hence, DogeCash isn't a token built on top of another blockchain, but a coin in its own right. On top of this, DogeCash has a limited coin supply. While there is a maximum of 210 million DogeCash coins that can ever be circulated, Dogecoin currently has no supply cap at all.

However, just like Dogecoin, DogeCash focuses on charity, making it a more ethical coin than many others on the market. The project focuses on supporting animal-related charities like the Scottish Society for Prevention of Cruelty to Animals, or SPCA, and also supports numerous animal shelters.

DogeCash also has very low transaction fee's , given that its super eco-friendly blockchain requires far less energy to operate than Dogecoin. Additionally, unlike Dogecoin, DogeCash uses PIVX, an open-sourced blockchain project, as its codebase. PIVX focuses on user privacy and data protection, which is reflected in DOGEC's code. DOGEC's use of the proof of stake mechanism is also inspired by PIVX's ecosystem. Using the Zdogec Protocol one can send shielded transactions on the blockchain. DogeCash is the only dog-themed Cryptocurrency that uses Zk-snarks technology. 

DogeCash's Focus on Community and Sustainability Making It a Promising Coin!

DogeCash's goal of preserving what is great about Dogecoin while also offering several other valuable features makes it a unique coin with an exciting future in the industry. With a sustainable blockchain, thriving community, and low transaction fee's, we may see DogeCash rise through the ranks and gain a strong foothold in the crypto market in the coming years.