Dogecoin (DOGE) is a Litecoin-derived cryptocurrency featuring a Shiba Inu from the Doge Internet meme on its logo. It was introduced back on December 8, 2013, by software engineers Billy Marcus and Jackson Palmer as a joke, designed to serve no real purpose other than generating a few laughs. The users themselves call it “joky”.
Now, Dogecoin is not a joke anymore. It has soared in popularity, gaining support from such figures as Tesla CEO Elon Musk, the US rapper Snoop Dogg, actor and comedian David Spade, as well as the billionaire Mark Cuban.
Like other cryptocurrencies, Dogecoin is a peer-to-peer digital currency that enables fast, decentralized transactions between users all over the world. It is based on the same technology as Litecoin, which allows for blocks to be mined at a faster rate than Bitcoin and, as a result, enables faster transaction speeds.
Initially, Dogecoin launched with a supply cap of 100 billion DOGE tokens. But there is currently no limit to the number of Dogecoins that can be created.
One of the most popular uses of Dogecoin is the reward of Internet users for interesting and quality content created or shared by them. With that in mind, DOGE can be bought, held, and traded on exchanges, as well as transferred directly between wallets quickly and securely and from locations in any part of the world.
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