What Is Dogecoin? How Does It Work?
What Is Dogecoin? Dogecoin (code: DOGE) is an open-source P2P cryptocurrency created by IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer. It is shown with a Shibu Inu (Japanese dog) as its logo and this cute presentation makes it popular in the crypto community in Reddit. Dogecoin's protocol is based on existing cryptocurrencies Litecoin, which use scrypt technology in their proof-of-work algorithm. The digital currency, Dogecoin started as a joke but now the market capitalization is nearly $85 billion and still increasing. What's the History of Dogecoin? December 6, 2013: Because of the popularity of digital currency, a large number of people rush to invest in cryptocurrency or start mining. The software engineer Billy Markus and Jackson Palmer tried to create a peer-to-peer digital currency to make fun of digital currency, such as Bitcoin. Then they launched Dogecoin on December 6, 2013, which is an unlimited supply and low price. With the aim t...