Dogecoin

Dogecoin code: DOGE, symbol: ) is a cryptocurrency founded by software programmers Billy Markus and Jackson Palmer as a “joke” in response to the rampant cryptocurrency speculation at the time. It is regarded as the first “meme coin” and, more precisely, the first “dog coin.” Despite its humorous nature, some people regard it as a viable financial opportunity. Dogecoin’s emblem and name are inspired by the Shiba Inu dog from the “Doge” meme. It was first released on December 6, 2013, and it swiftly grew its own online community, eventually reaching a market capitalisation of more than $85 billion[a] on May 5, 2021. Watford of the Premier League currently has it as their sleeve sponsor.

Dogecoin.com advertises the currency as a “fun and friendly Internet currency,” referring to its “joke” origins. The satirical cryptocurrency was created by software programmers Billy Markus and Jackson Palmer as a parody of Bitcoin and the many other cryptocurrencies boasting great aspirations to take over the world. The site became an instant hit thanks to Reddit’s aid. Dogecoin had built a dedicated blog and forum within two weeks, and its market value had jumped to $8 million, making it the world’s seventh largest electronic currency. Dogecoin uses the Scrypt algorithm and has a faster transaction process than Bitcoin. BTC takes 10 minutes to confirm, while Dogecoin takes barely one minute.

Read more here (wikipedia)