Dogecoin is a Litecoin-based digital currency (cryptocurrency). It was created by Billy Markus and Jackson Palmer on 8 December 2013, and was inspired by the Shiba Inu featured in the "Doge" internet meme. Palmer and Markus launched the coin on Dec. 6, 2013. Two weeks later on Dec. 19, the value of Dogecoin jumped 300%, perhaps due to China forbidding its banks from investing in cryptocurrency. Doge functions based on the Scrypt technology. It has unlimited emission, and fast transaction processing speed.
Users can buy and sell Dogecoin on digital currency exchanges. They can opt to store their Dogecoin on an exchange or in a Dogecoin wallet.
References[change | change source]
- Stephen Hutcheon. "The rise and rise of dogecoin, the internet's hottest cryptocurrency". Sydney Morning Herald. Fairfax Media. Retrieved 31 January 2014.
- "Cryptocurrency accounting". Sunday, February 23, 2020
- "What is Dogecoin?". Investopedia. Retrieved 2021-07-27.
- "Shiba Inu vs. Dogecoin. Who is the Lead Dog of the Pack?". PR Fire. Retrieved 2021-07-27.