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Complete information About Doge coin
Dogecoin (DOGE) is a decentralized, open-source cryptocurrency created in 2013 by Billy Markus and Jackson Palmer as a "joke coin". Despite its origins, Dogecoin has gained popularity and become a widely recognized digital currency.
*Key Features:*
- *Blockchain:* Dogecoin's blockchain is based on Litecoin's architecture, utilizing Proof of Work (PoW) technology.
- *Mining:* Dogecoin uses the Scrypt algorithm, which is less energy-intensive than Bitcoin's SHA-256 algorithm, allowing it to be mined on regular computers.
- *Block Time:* Dogecoin's block time is 1 minute, enabling fast transaction confirmations.
- *Supply:* Dogecoin has an unlimited supply, with 10,000 new coins mined every minute, generating 5 billion new DOGE every year.
- *Transaction Fees:* Dogecoin's transaction fees are relatively low, with an average fee of $0.44 since January 2021.
*History and Milestones:*
- *Launch:* Dogecoin was launched on December 6, 2013.
- *Popularity:* Dogecoin gained popularity in 2021, reaching a peak market capitalization of over $85 billion on May 5, 2021.
- *Endorsements:* Dogecoin has been endorsed by Elon Musk, whose tweets have significantly impacted DOGE's price.
*Use Cases:*
- *Payments:* Dogecoin can be used for microtransactions and online payments.
- *Donations:* Dogecoin has been used for charitable causes and sponsored athletes.
- *Trading:* Dogecoin is widely traded on cryptocurrency exchanges.
*Current Information:*
- *Price:* Dogecoin's current price is around $0.1605, with a 4.39% increase in the last 24 hours.
- *Market Cap:* Dogecoin's market capitalization is approximately $23.88 billion.
- *Circulating Supply:* The circulating supply of Dogecoin is around 148.81 billion DOGE ¹.
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