Dogecoin (in English: Dogecoin or DOGE) is a decentralized and open-source digital currency, created in December 2013 as a joke on the hype surrounding cryptocurrencies, but it quickly turned into a real currency with popularity and spread.

🛠️ How does Dogecoin work?

1. Its technical origin

Dogecoin is a fork (modified version) of Litecoin, which itself is built on Bitcoin's code, and uses a proof-of-work mining mechanism with the Scrypt algorithm.

The time to create each block is about a minute, compared to about 10 minutes for Bitcoin.

2. Mining reward and issuance

For each completed block, miners receive 10,000 DOGE.

There is no maximum supply; about 5 billion new DOGE are issued annually.

3. Decentralized network

It operates on a peer-to-peer network and is not subject to any central authority.