Dogecoin is a cryptocurrency that runs on blockchain technology, similarly to Bitcoin and
Ethereum. Blockchain is a distributed, secure digital ledger that stores all transactions made using a decentralized digital currency.

All holders carry an identical copy of the Dogecoin blockchain ledger, which is frequently updated with all new transactions in the cryptocurrency. Like other cryptocurrencies, Dogecoin’s blockchain network uses cryptography to keep all transactions secure.

Samana Developers made the announcement ahead of the launch this summer of its residential project in Jumeirah Village Circle Dubai, going as far as offering a 5 percent discount to investors who opt to pay using Dogecoin Dubai.

People called miners use computers to solve complex mathematical equations in order to process transactions and record them on the Dogecoin blockchain—a so-called “proof of work” system. In exchange for processing transactions and supporting the blockchain ledger, miners earn additional Dogecoin, which they can then hold or sell on the open market.