What is Dogecoin?

Dogecoin is a cryptocurrency based on the Litecoin algorithm, created in December 2013. It originated from an Internet meme, a photo of a Shiba Inu with the tag "wow". Although it was originally created as a joke, Dogecoin quickly gained widespread attention and support in the cryptocurrency market.

Dogecoin has the following main features:

1. Unlimited supply: Unlike cryptocurrencies such as Bitcoin, there is no upper limit to the total supply of Dogecoin, with about 5 billion coins added each year. This makes it more suitable as a daily payment method.

Low transaction fees: Compared with other cryptocurrencies, Dogecoin's transaction fees are very low, which is one of the reasons for its popularity.

2. Active community: Dogecoin has a very enthusiastic and active community who actively participate in the promotion and development of the project. Many celebrities have also publicly expressed their support for Dogecoin.

3. Practical application: In addition to being a means of payment, Dogecoin is also used to sponsor athletes, hold various online events, etc., expanding its usage scenarios.

In general, although Tugou originated from an Internet meme, its unique attributes and active community make it a force that cannot be ignored in the current cryptocurrency market. It continues to attract more and more investors and users.