Dogecoin is a cryptocurrency with a fun and friendly brand picture that aims to be a supportive introduction to cryptocurrency. Billy Markus, an Oregon programmer, came up with the concept for a kind of “joke” cryptocurrency. He reasoned that a more lighthearted coin, rather than Bitcoin, would have a greater chance of gaining mainstream acceptance. Although Dogecoin is nowhere near the scale of Bitcoin, the ‘joke’ currency’s market cap has risen from more than $1 billion in early January to $47 billion on Saturday, according to CoinMarketCap.
It was dubbed a “meme cryptocurrency.” Dogecoin (DOGE) is an open-source cryptocurrency that is based on a fork of the Litecoin code. As the name implies, it is mainly based on the Doge meme that swept the Internet in 2013.
Interest Facts About Dogecoin
- Dogecoin is an open-source peer-to-peer digital currency popular among Shiba Inus around the world.
- “Doge” is our amusing and friendly mascot! The Shiba Inu is a Japanese breed of dog that has become popular as an online meme and is associated with Dogecoin.
- Dogecoin has one of the most active and largest communities in the cryptocurrency world.
- This group has banded together to support a variety of charitable endeavours and other ventures. They were also able to fund a NASCAR race.
- Unlike Bitcoin, Dogecoin has no upper limit, which means there are actually more than 100 billion dogecoins in circulation.