

Rank: # 9
Market Cap: $ 34,673,630,509
Volume (24hrs): $ 2,926,445,308
Circulating Supply: 150,530,106,384 DOGE
Price in BTC: Ƀ 0.00000196
Change (1 Hr): 0.16%
Change (7 Days): -6.14%
Change (30 Days): 7.03%
All Time High: $ 0.731578
All Time High Date: May 8, 2021
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- Crypto to become UAE’s second-biggest sector in 5 years — Institutional investorCointelegraph.com News - 3 hours agoThe crypto industry is set to experience massive growth in the United Arab Emirates (UAE) due to its pro-tech and business regulations. The crypto sector…
- Blockchain security must localize to stop Asia’s crypto crime waveCointelegraph.com News - 7 hours agoWithout localized risk detection and public–private cooperation, illicit capital will continue to flow unchecked, and trust in the system will collapse. Opinion by: Slava Demchuk,…
- Here’s what happened in crypto todayCointelegraph.com News - 8 hours agoNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3…
- S&P Dow Jones in talks to bring tokenized indexes to exchanges, DeFi: ExecCointelegraph.com News - 8 hours agoS&P Dow Jones Indices is exploring partnerships with major exchanges, custodians and DeFi protocols to launch tokenized versions of its benchmarks. S&P Dow Jones Indices…
- Ether accumulation heats up: $882M in ETH snapped up by Bitmine, whaleCointelegraph.com News - 11 hours agoBitMine and an unknown whale have acquired nearly $882 million in Ether through major OTC desks and exchange withdrawals in a show of growing institutional…
What is Dogecoin?
Dogecoin is a fun meme coin that was launched on December 6, 2013. The coin is a decentralized peer-to-peer currency that tried mimicking the popular Bitcoin, but in an an effort to surpass Bitcoin's popularity. Doge features a cartoon Japanese character Shiba Inu, that acts as the coin's mascot. The intention of this mascot is to show the fun part that this coin was intended to be.
Dogecoin's developer Billy Markus based this coin's code on Lucky coin, that is based on another coin called tecoin. Litecoin uses the scrypt technology in its proof-of-work consensus mechanism preventing dedicated Bitcoin miners from mining. It is for this reason that Dogecoin was at least originally effectively mined with ordinary PCs instead of the dedicated miners.
While it was introduced as a fun coin, Dogecoin's community has since grown by a lot. It is now mainly used to tip social media users who contribute great and interesting content on various platforms. Instead of simply liking their content, the contributors get rewards in form of Dogecoins. It is also frequently used for raising funds for charity events, eg. in the case of the construction of a well in the Tana river delta in Kenya.
Apart from Billy Markus, who came up with the original idea, another key individual in the coin's development is Jackson Palmer of Adobe Systems. It is Palmer who took over this project and propelled it to its current status.
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