What is Dogecoin?
Adekunle Joshua
Dogecoin is a decentralized digital currency launched on December 6, 2013.
DOGE was created by Jackson Palmer, a product manager at Adobe, and Billy Markus, a software developer at IBM.
It features the Shiba Inu dog as its logo.
Dogecoin's underlying technology is derived from Litecoin and uses the Scrypt algorithm.
Key features of Dogecoin include low prices and unlimited supply.
The underlying blockchain technology of Dogecoin allows quick confirmations, making it suitable for microtransactions.
Built on the same underlying technology as Bitcoin, Dogecoin utilizes a decentralized network that ensures robust security and stability.
Unlike Bitcoin, Dogecoin possesses a higher token supply and faster block generation, leading to a more inflationary model.
Dogecoin has gained popularity for tipping content creators and supporting charitable causes.