Dogecoin $DOGE is a cryptocurrency created in December 2013 by Billy Markus and Jackson Palmer as a parody of Bitcoin. Inspired by the dog meme #Shibalnu , it quickly gained an engaged online community and became one of the leading "memecoins" in the market.
Technical Features
Open source and decentralized: any programmer can access and contribute to its development. Coinext
Proof of Work (PoW) consensus protocol: similar to Bitcoin's, it requires mining to validate transactions. UEPB Digital Library
Unlimited supply: unlike other cryptocurrencies, Dogecoin does not have a maximum issuance limit, which makes it an inflationary currency.
Popularity and Influence
Dogecoin gained notoriety due to its use in online communities for tips and donations. Additionally, the support of public figures, such as Elon Musk, boosted its value and visibility in the market.
Prosperity Outlook
Although it started as a joke, Dogecoin has shown resilience and adaptability. Its active community and the ongoing support of influencers suggest that it may continue to play a significant role in the cryptocurrency ecosystem.
