what is dogecoin?

arz today — Sun, 12 Dec 2021 11:19:17 +0000

The cryptocurrency dogecoin went on a rocket ride to the moon and back over the weekend after Elon Musk poked fun at it on Saturday Night Live before announcing on Monday that his company would accept it as legitimate payment for a mission to the moon.

If that sentence makes little sense to you, you're not alone. But read on for a primer about what exactly is going on.

First thing's first — what is dogecoin?
Dogecoin was created in 2013 by a pair of software developers who worked at Adobe and IBM, respectively, as a parody of cryptocurrencies such as bitcoin. Cryptocurrencies are a type of digital money that can be used to pay for things in the online world. Most of them, including dogecoin and bitcoin, are backed by an encrypted digital ledger of transactions, known as a blockchain.

What are cryptocurrencies like bitcoin? Here's everything you need to know
Named after a Shiba Inu dog that was the subject of an internet meme at the time, cryptocurrency enthusiasts and online jokesters began trading dogecoins for fractions of a penny. The first dogecoin that ever changed hands in early 2014 was worth $0.001540753 US. Today that same dogecoin is worth 50 cents US, an increase of more than 32,000 per cent.

While technically dogecoin exists as an offshoot of the original blockchain that bitcoin is on, it is not as secure as bitcoin, nor is there a cap on the number of dogecoins that can exist, as is the case with bitcoin.

"Unlike many other cryptocurrency projects, dogecoin does not seek, or even pretend, to be anything more than the world's most fun currency," is how Alex Thorn, head of research at TSX-listed investment management investment firm Galaxy Digital, described it in a research report last week.

What does it have to do with Elon Musk?
Strictly speaking, nothing. But Musk, who recently became the richest man in human history, is a big fan of the cryptocurrency. Musk jumped aboard the doge train last year, mostly as a joke, but over the course of several months, comments he made about dogecoin on social media lent it more and more credence.

His earliest mention of dogecoin came on Twitter in April 2019, when he called it "my fav cryptocurrency."

His fondness has only grown since then.

His electric car company, Tesla, became a major influence in cryptocurrencies in general, after it announced earlier this year that it would accept bitcoin as payment, and would hold bitcoin on its books as an asset.

Last quarter, the company revealed it has already stockpiled more than $1 billion US worth of bitcoin.

What happened this weekend?
Musk hosted NBC's comedy show Saturday Night Live this past weekend, which led to speculation that he was likely to talk about the currency during his appearance.

Soon after, the price of dogecoin rose to a high of about 73 cents US on Thursday, according to cryptocurrency exchange Coinbase.

WATCH | Elon Musk pokes fun at dogecoin on SNL's Weekend Update segment:

In one SNL sketch, Musk, appearing as a fictional cryptocurrency expert, was asked to explain what exactly dogecoin is, and after some jovial back and forth, Musk's character admits the whole thing is a "hustle."

Despite Musk's character saying elsewhere in the same sketch that dogecoin is "the future of currency" and "an unstoppable financial vehicle that's going to take over the world," the currency sold off after the sketch aired going as low as about 40 cents US per doge in the early hours of Sunday morning

Edward Moya, a market analyst with foreign exchange company Oanda, said large blocks of doge started selling fast.

"Twitter quickly focused on the many whale alerts that showed a steady abandoning of massive dogecoin bets during [the show]," he said.

So why is dogecoin 'going to the moon' again?
The dogecoin in-joke got a little more serious on Monday when Musk tweeted about his space exploration company's next mission.

"SpaceX launching satellite Doge-1 to the moon next year," Musk tweeted without elaborating.

More details came in a media release from Canadian manufacturing and logistics company Geometric Energy Corporation. The company said it will launch a 40-kilogram satellite into orbit on one of SpaceX's rocket. The release said the company would pay for the mission in dogecoin.

"This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce," SpaceX's vice-president Tom Ochinero. "We're excited to launch Doge-1 to the moon!"

CBC News asked Geometric exactly how much dogecoin they are paying in exchange for their space on the rocket. That inquiry was not immediately returned.

Following news of the deal, the cryptocurrency's price increased on Monday, topping 50 cents US at one point. Late in the day however, doge were going for around 46 cents, well below where they were before the show aired.

https://arztoday.com/what-is-dogecoin/

what is asp.net?

arz today — Sun, 12 Dec 2021 11:16:32 +0000

What are the Benefits of Building Web Apps as an ASP.NET?
Microsoft enabled the ASP support to let developers use Microsoft tools, ecosystem, and C++ and C# for web development as well as for desktop. As a result, they achieved the goal of delivering a 100% cross-platform development environment. The main advantages of using .NET-based development tools as web development tools are:

The possibility to write backend with C#: front-end, as usual, is written with JavaScript and its frameworks. However, for backend, developers can choose among multiple tech stacks, and Microsoft’s goal was to make C-based backend development easier. Developers can use JET packages and work in Visual Studio.
A single development environment for JS, HTML, CSS, and C# development: developers can build syntax for dynamic web applications and immediately preview the app’s outputs sent to a user.
.NET framework allows seamless integration of C# with JavaScript and provides libraries, templates, ready-to-use plugins for progressive web application, and single page application development.
Another question here might be what’s the reason for using a framework for C#-based backend development? What are the advantages that specifically .NET delivers?

.NET just does what all good development frameworks are supposed to do. It provides developers with a ready-to-use application architecture, libraries with patterns and page templates, ready web app functionality (like authentication, access control, page display, etc.)

.NET framework

Additionally, developers work in code editors that automatically complete code fragments, highlight code, sort through different sections efficiently, and support real-time editing.

How do ASP.NET Core vs ASP.NET Relate?
You already understand the distinction between .NET and ASP.NET. Just to recap:

NET is a C#, C++, F# framework that makes desktop development easier and faster.

ASP.NET is a framework that has the same functionality as .NET, only it’s adapted to writing backend for web pages and web apps.

Developers can use the same tools, libraries, and infrastructure to build web and desktop projects. This way, a desktop development team can easily learn backend development, development takes less time, and cross-platform development becomes more effortless.

However, it’s not the only distinction in the .NET ecosystem. ASP.NET is only one of the versions of the framework. Another one is called ASP.NET Core.

Are ASP.NET and ASP.NET Core the Same?
ASP.NET was the first version of the web-adapted .NET framework. ASK.NET Core is an improved version with richer functionality, a more comfortable interface, new libraries, and other distinctions. We’ll talk about their side-by-side comparison just in a minute, but here are the key points for now:

ASP.NET Core is the continuation of ASP.NET, an improved one;
ASP.NET Core is available as an open-source tool;
ASP.NET Core is cross-platform and runs on macOS, Linux, and Windows, unlike ASP.NET that works only on Windows;
Just like ASP.NET, ASP.NET Core is based on the Model-View-Controller framework, like most web development frameworks;
ASP.NET Core has robust Cloud support, and it supports modular architecture better than ASP.NET does.
So, ASP.NET Core is a newer, more comfortable version of ASP.NET. Microsoft’s team understood what things could be improved in regards to user experience and improved the functionality.

DEV Community: arz today

what is dogecoin?

what is asp.net?