Technically each of this coins bitcoin, dogecoin and all the others are peer-to-peer networks.
Participants in the network share a predefined amount of coins. To get in you have usually two ways: 1 An arms race called "mining". Until all coins are given out, peers can "work" in the network to earn coins. This gets harder the more coins are given out and after all equates to getting as much computing power for as win dogecoins as possible hardware and energy costs.
This is done at highly unregulated stock exchanges. On the other hand there are tons of different networks.
The majority of people win dogecoins in 1 might still not earned enough back to cover their investments hardware, electricity. Thus they jump off to easier networks, starting a new race, in the hope to be more competitive.
There are some cool concepts beyond the mining phase. But until that, it is more a big raid than a serious payment alternative.
Buy in - sell out. Rumors says half of all bitcoins hold by ~ people. Expect this to be win dogecoins more extrem at the lower popular networks.
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