From Simple English Wikipedia, the free encyclopedia

Dogecoin is a Bitcoin-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.[1][2] 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.[3]

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.[4] promotes the currency as the "fun and friendly Internet currency", referencing its origins as a "joke."

Elon Musk frequently mentions or talks about Dogecoin on his Twitter account, boosting its popularity significantly in recent years.

References[change | change source]

  1. Stephen Hutcheon. "The rise and rise of dogecoin, the internet's hottest cryptocurrency". Sydney Morning Herald. Fairfax Media. Retrieved 31 January 2014.
  2. "Cryptocurrency accounting". Archived from the original on 2020-01-29. Retrieved 2020-02-23. Sunday, February 23, 2020
  3. "What is Dogecoin?". Investopedia. Retrieved 2021-07-27.
  4. "Shiba Inu vs. Dogecoin. Who is the Lead Dog of the Pack?". PR Fire. Archived from the original on 2021-07-27. Retrieved 2021-07-27.