Launched in December 2013 by Billy Markus and Jackson Palmer, inspired by the "Doge" Shiba Inu meme.
Purpose: Created to be more accessible and user-friendly than Bitcoin.
It is used for purchases, tipping, donations, and microtransactions.
Supply Model:
Unlike Bitcoin, Dogecoin has an inflationary model with no maximum supply. Approximately 10,000 new DOGE are minted every minute.
Consensus Mechanism:
Uses a Proof-of-Work (PoW) mechanism based on the Scrypt algorithm, similar to Litecoin, which is designed to be more energy-efficient than Bitcoin's SHA-256.
#DOGE @Doge Coin $DOGE
Purpose: Created to be more accessible and user-friendly than Bitcoin.
It is used for purchases, tipping, donations, and microtransactions.
Supply Model:
Unlike Bitcoin, Dogecoin has an inflationary model with no maximum supply. Approximately 10,000 new DOGE are minted every minute.
Consensus Mechanism:
Uses a Proof-of-Work (PoW) mechanism based on the Scrypt algorithm, similar to Litecoin, which is designed to be more energy-efficient than Bitcoin's SHA-256.
#DOGE @Doge Coin $DOGE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
DOGE
0.27093
+8.35%
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
Explore More From Creator
--
--
--
