Forget Dogecoin? Earn with DOGcoin Become Validator ?

DogCoin is a new and exciting cryptocurrency that brings a whole new meaning to blockchain. The purpose of DogCoin is to increase the adoption of blockchain technology and make it more accessible for all. Dog Coin enables anyone to build apps, services, games and other use cases that fit in with their own world.

How to Earn passive income with DOG coin

You can create passive income in any network by becoming validator but to become validator you need to hold certain amount of tokens, In dogcoin you need to stake 0.5% of supply which now cost in between $7000-12000$.

Developers and smart contract owner can also generate passive income when any users use their dapps and pay fees then portion of fees goes to developer and some portion goes to validator.

Who are Validator ?

A validator is the key actor in maintaining the network. Validators run a full node and secure the network by staking DOGS to produce blocks, validate and participate in Proof-of-Stake (PoS) consensus. One of the key responsibilities of a validator is to validate transactions within the blockchain and they get fees in return.

How to Become DogCoin Validator

Dogcoin Validator Node is very easy to install and deploy in a Docker container. This requires Docker and Docker Compose to run.Follow below steps to become validator.

Step 1: Install Docker

sudo apt install docker && sudo apt install docker-compose

Step 2: Clone the Github repository

git https://github.com/dogcoin-network/Core-Blockchain.git

Step 3: Navigate into the directory where you've cloned this repository

cd Core-Blockchain/

Step 4: Add your wallet's address, private key and password to docker-compose.yml file

There are environment & args on the line number 5 & 12 respectively, There are fields in key: value format Simply copy paste your values save the file.

• Open the docker-compose.yml file nano docker-compose.yml or you can use any other editor as well.

• Find the code snippet shown as below and add your wallet's private key and the password.

• To paste in the nano editor you'll need to use this keyboard shortcut – ctrl + shift + v

• Now to save and exit from nano editor please do it this way – ctrl + x, press y and just hit enter

( For MAC users please use cmd instead of ctrl )

sample snippets

Add your wallet address in the environment as shown below

environment:

      address=921343c8cfW30d8caa70488884d532Ece203c045

then add the private key and the password as shown below

args:

        privatekey: f8fe0Fff5189aYYfd61fY753e8064E4fd6e6f8617b25MdcD7b4bD724f26f5

        password: 123456

Step 5: Run the docker composer

sudo docker-compose up –build

Now wait for the docker image to be built and up…

Step 6: Add peer

When the building process done successfully and the validator prompt running then you'll have to add the peer as shown below. Get the enode and use it here.

admin.addPeer("enode://2072370eb034a99113eb4c63c8exxxxxxxx42ff08040ed384c757fcaf9cc802702874072f7458cc50c7693b9fa8xxxxxxxxxc69cb@bootnodeIp:32668")

You can directly paste in the running terminal using ctrl + v or cmd + v (for mac) and hit enter And that's all.

 Dogecoin don't have this feature because dogecoin is not a smart contract platform, In dogecoin miners mine doge and earn profit, whereas in dog coin users stake and become validator and earn fees.

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