The meme lord

What Is Dogecoin (DOGE)?

A peer-to-peer, open-source cryptocurrency is called Dogecoin (DOGE). It was introduced in December 2013 as an alternative cryptocurrency, and its logo is a Shiba Inu dog. The blockchain of Dogecoin has merit because it uses Litecoin's core technology. Dogecoin, which employs the scrypt algorithm, is notable for its low cost and limitless supply.

History of Dogecoin

In 2013, Jackson Palmer, a product manager at Adobe Inc.'s Sydney, Australia, office, developed Dogecoin as a method to mock the fervor surrounding cryptocurrencies. He purchased the domain dogecoin.com after seeing encouragement and interest on social media.


Billy Markus, an IBM software developer, wanted to design a digital money but struggled to gain support for his ideas. Palmer and Markus worked together to create the software that powers a real Dogecoin.

Markus based Dogecoin's code on Luckycoin, derived from Litecoin, and initially used a randomized reward for block mining, although that was changed to a static reward in March 2014. Dogecoin uses Litecoin's scrypt technology and is a Proof-of-Work (PoW) coin.


 Proof of Work (PoW) forms the basis of many cryptocurrencies, allowing for secure, decentralized consensus.
Palmer and Markus launched the coin on Dec. 6, 2013. Two weeks later on Dec. 19, the value of Dogecoin jumped 300%, bolstered by China's policy to forbid its banks from investing in cryptocurrency.