Dogecoin
Dogecoin is a Bitcoin-based digital currency (cryptocurrency). It was created by Billy Markus and Jackson Palmer on 8 December 2013, and was inspired by the Shiba Inu featured in the "Doge" internet meme.[1][2] Palmer and Markus launched the coin on Dec. 6, 2013. Two weeks later on Dec. 19, the value of Dogecoin jumped 300%, perhaps due to China forbidding its banks from investing in cryptocurrency. Doge functions based on the Scrypt technology. It has unlimited emission, and fast transaction processing speed.[3]
Users can buy and sell Dogecoin on digital currency exchanges. They can opt to store their Dogecoin on an exchange or in a Dogecoin wallet.[4]
Dogecoin.com promotes the currency as the "fun and friendly Internet currency", referencing its origins as a "joke."
Elon Musk frequently mentions or talks about Dogecoin on his Twitter account, boosting its popularity significantly in recent years.
References
[change | change source]- ↑ Stephen Hutcheon. "The rise and rise of dogecoin, the internet's hottest cryptocurrency". Sydney Morning Herald. Fairfax Media. Retrieved 31 January 2014.
- ↑ "Cryptocurrency accounting". Archived from the original on 2020-01-29. Retrieved 2020-02-23. Sunday, February 23, 2020
- ↑ "What is Dogecoin?". Investopedia. Retrieved 2021-07-27.
- ↑ "Shiba Inu vs. Dogecoin. Who is the Lead Dog of the Pack?". PR Fire. Archived from the original on 2021-07-27. Retrieved 2021-07-27.
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