When we talk about cryptocurrencies, Bitcoin comes to mind as the currency that started it all, but have you ever wondered how similar the beginnings of Dogecoin are to Bitcoin? Although both currencies started under different circumstances, there are commonalities between them, the most prominent of which is that neither had a central project or support from large companies when it started.
#البيتكوين : The decentralized revolution that began without a project
In 2008, an anonymous person named Satoshi Nakamoto published a research paper proposing the creation of a decentralized digital currency that would operate without the need for a third party such as a bank. In 2009, the first block of Bitcoin was mined, but it was not backed by any institution, and there was no clear “project” behind it.
• Bitcoin had no formal marketing or investment funding, but rather relied on a small community of programmers and enthusiasts.
• It had no commercial purpose at first, but was simply a technical experiment on how to create decentralized money that works over the Internet.
• Over time, as people realized its unique value, demand for it increased until it became the largest and most powerful digital currency in the world today.
#دوجكوين : The joke that turned into a popular currency
Similar to Bitcoin, Dogecoin emerged in 2013 as a joke created by Jackson Palmer and Billy Markus, intended to poke fun at the then-popular cryptocurrencies. However, Dogecoin quickly became a huge societal phenomenon.
• There was no central project or clear future vision behind it, it was just a joke based on the open source code of Bitcoin.
• It did not receive investment support from major companies or trading platforms upon launch.
• Its core strength came from its active community, as people initially used it as an online tipping tool.
Common denominator: Community support is key.
If we look at Bitcoin and Dogecoin, we will find that both started as completely decentralized concepts with no institutional support, but grew thanks to the community that embraced them. While Bitcoin had a revolutionary character against traditional financial systems, Dogecoin had a sense of humor, but it quickly became part of crypto culture.
Today, with big investors like Elon Musk entering the world of Dogecoin, this currency has become a symbol of popular finance, just as Bitcoin has become a symbol of the decentralized financial system.
Can Dogecoin Become Like Bitcoin?
Although Bitcoin is considered a scarce asset with a maximum supply of 21 million BTC, while Dogecoin has an unlimited supply, history proves that community support can turn any digital asset into a global phenomenon.
Dogecoin may not be “digital gold” like Bitcoin, but it shows us that cryptocurrencies don’t need a “legitimate project” to succeed—they just need a community that believes in them.
