Let's Get to Know Crypto Doge

Let's Talk About Doge

What is Dogecoin (DOGE)?

Dogecoin is a **decentralized open-source cryptocurrency** that was created in **December 2013** by software engineers **Billy Markus (Shibetoshi Nakamoto)** and **Jackson Palmer**.

The most notable aspect of Dogecoin is that it was born as a **joke or "meme coin"**. Its initial goal was to be a fun and lighthearted alternative to Bitcoin, using the image of the popular internet meme **"Doge"**, which features a Shiba Inu dog with humorous text in incorrect English.

### Key Features and Peculiarities:

1. **Origin as a Meme Coin:** Unlike many cryptocurrencies that emerge with a serious technological or financial purpose, Dogecoin was created to be a "joke" and to poke fun at the cryptocurrency frenzy at that time. This gave it a unique identity and a very particular community.

2. **Based on Litecoin:** Dogecoin forked from Litecoin, which in turn is a fork of Bitcoin. It uses the **Scrypt** mining algorithm, making it compatible with specific ASIC miners and it can also be mined with graphics cards (GPU), although it is not as profitable as other coins.

3. **Inflationary Supply:** Unlike Bitcoin, which has a limited supply of 21 million coins, Dogecoin has a **practically unlimited supply**. Approximately 5 billion new DOGE are mined each year, making it an inflationary cryptocurrency.