Dogecoin $DOGE was born in 2013.
It was originally a joke created by two software engineers, Billy Markus and Jackson Palmer. They wanted to create a lighthearted digital currency, primarily to satirize the craziness of the cryptocurrency market at the time. The logo of Dogecoin features a Shiba Inu dog, a figure that comes from a popular internet meme.
From a technical perspective, Dogecoin is based on Litecoin's code; it is an open-source peer-to-peer digital currency. It shares similarities with cryptocurrencies like Bitcoin, such as recording transactions via blockchain technology and using cryptographic techniques to ensure security.
However, Dogecoin has developed its own characteristics over time. Its transaction confirmation time is relatively short, taking about 1 minute, and its total supply is very large, with 100 billion coins, which is quite different from Bitcoin's capped supply of 21 million coins. It has garnered widespread attention on social networks, especially with support and promotion from some celebrities, allowing it to carve out a place in the cryptocurrency market.
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