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Dogecoin information


Dogecoin
Official logo of Dogecoin
Denominations
SymbolÐ
CodeDOGE
Development
Original author(s)Billy Markus, Jackson Palmer
Initial releaseDecember 6, 2013; 10 years ago (2013-12-06)
Development statusActive
Operating systemMicrosoft Windows,
Linux,
iOS,
Android
Developer(s)Billy Markus ("Shibetoshi Nakamoto"), Michi Lumin, Ross Nicoll
Source modelFOSS
LicenseMIT License[1]
Ledger
Timestamping schemeProof-of-work
Hash functionScrypt-based
Block rewardÐ10,000
Block time1 minute
Block explorerhttps://dogechain.info/
Supply limitUnlimited Exactly Ð5 billion will enter circulation each year.
Valuation
Exchange rateFloating (very volatile)
Website
Websitehttps://dogecoin.com/

Dogecoin (/ˈd(d)ʒkɔɪn/ DOHJ-koyn or DOHZH-koyn,[2] Abbreviation: DOGE; sign: Ð) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time.[3] It is considered both the first "meme coin", and more specifically the first "dog coin". Despite its satirical nature, some consider it a legitimate investment prospect. Dogecoin features the face of the Shiba Inu dog from the "doge" meme as its logo and namesake.[4][5][6] It was introduced on December 6, 2013, and quickly developed its own online community, reaching a peak market capitalization of over US$85 billion[a] on May 5, 2021.[7] As of 2021, it is the sleeve sponsor[b] of Watford Football Club.[8]

Dogecoin.com promotes the currency as the "fun and friendly Internet currency", referencing its origins as a "joke".[9] Software engineers Billy Markus and Jackson Palmer launched the satirical cryptocurrency as a way to make fun of Bitcoin and the many other cryptocurrencies boasting grand plans to take over the world. With the help of Reddit, the site became an instant hit. Within two weeks, Dogecoin had established a dedicated blog and forum, and its market value reached $8 million, once jumping to become the seventh largest electronic currency in the world.[10] Dogecoin is based on Scrypt algorithm.[11]

  1. ^ "COPYING". GitHub. November 27, 2021.
  2. ^ "How do you pronounce 'Dogecoin'?". The Daily Dot. April 24, 2014. Archived from the original on December 22, 2018. Retrieved December 21, 2018.
  3. ^ "Dogecoin Started as a Joke. Now It's Too Important to Laugh Off". Barrons.
  4. ^ Roose, Kevin (September 15, 2017). "Is There a Cryptocurrency Bubble? Just Ask Doge". The New York Times. ISSN 0362-4331. Archived from the original on October 3, 2017. Retrieved October 3, 2017.
  5. ^ A History of Dogecoin. Archived June 3, 2018, at the Wayback Machine. Dogecoin Analysis Report. Social Science Research Network (SSRN). Accessed December 28, 2017.
  6. ^ Couts, Andrew (December 12, 2013). "Wow. Dogecoin is the most Internet thing to happen, ever". Digital Trends. Archived from the original on December 14, 2013. Retrieved December 12, 2013.
  7. ^ Hutcheon, Stephen (January 24, 2014). "The rise and rise of dogecoin, the internet's hottest cryptocurrency". Sydney Morning Herald. Archived from the original on March 31, 2014. Retrieved April 5, 2014.
  8. ^ "Watford FC to feature Doge on football shirts". CityAM. August 16, 2021. Retrieved August 18, 2021.
  9. ^ "What is Dogecoin and what does it have to do with Elon Musk and Saturday Night Live?". Australian Broadcasting Corporation. May 9, 2021. Retrieved May 10, 2021.
  10. ^ Sigalos, MacKenzie (May 7, 2021). "How dogecoin went from a joke to one of the world's top cryptocurrencies". CNBC. Retrieved November 28, 2021.
  11. ^ Cite error: The named reference gfinityesports.com was invoked but never defined (see the help page).


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