👨‍💻Introduction

A basic understanding of Cryptocurrency and The Blockchain

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system.

A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT).

Blockchain is a type of DLT in which transactions are recorded with an immutable cryptographic signature called a hash.

Cryptocurrency such as Bitcoin is a product of this wonderful technology, many more crypto currencies called the Altcoins have been created over time. Each coin or token tries to create solution to an existing problem, through the blockchain technology. The solution that these coins or tokens tries to create, are called Utilities or usecases. And various products such as Game, App, NFTs, Staking etc, are created to be able to best solve the existing problems. On the other hand, we have the Meme tokens or coins, Meme coins don’t have a lot of use cases, if any. These cryptos are inspired by internet memes and often start as jokes. Though serious crypto investors would want to stay away from such investments, these coins can be highly lucrative over short periods, resulting in massive gains.

For instance, we saw how Dogecoin’s price shot up over 1,500% in 2021. Moreover, Shiba Inu gained more than 500% at its peak. Therefore, having a small holding of such coins in your portfolio could result in some incredible gains.

In this light, Denji Inu is created to combine the advantages of both kind of coins: having utility use cases of the major coins and having the fun side of a basic Meme token, being pushed all the way to the top by the community hype from ever growing loyal supporters.