Here's what you need to know about Dogecoin:
*Overview*
Dogecoin is an open-source, peer-to-peer digital currency created in 2013 by software engineers Billy Markus and Jackson Palmer as a joke to poke fun at the wild speculation in cryptocurrencies at the time. Despite its satirical origins, Dogecoin has developed a dedicated community and is considered a legitimate investment prospect by some.
*Key Features*
- *Block Time*: 1 minute
- *Block Reward*: Ð10,000
- *Hash Function*: Scrypt-based
- *Supply Limit*: Unlimited, with Ð5 billion entering circulation each year
- *Symbol*: Ð
- *Ticker Symbol*:$DOGE
*Price and Market Performance*
- *Current Price*: $0.1942
- *Market Capitalization*: $29.16 billion
- *24-hour Price Change*: 5.86% increase
- *All-Time High*: $0.7376 (May 8, 2021)
- *All-Time Low*: $0.00008547 (May 7, 2015)
*Community and Use Cases*
- *Community*: Dogecoin has a vibrant community that supports each other, promotes kindness, and engages in fundraising and meme-making activities.
- *Use Cases*: Dogecoin can be used for online tipping, purchasing merchandise, and has been accepted by some companies, including Tesla for merchandise purchases.
- *Charity*: The Dogecoin community has raised funds for various charitable causes, such as the Jamaican Bobsled Team and building a well in Kenya.
