What is Dogecoin (DOGE)?
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Overview
Dogecoin is a cryptocurrency that started as a meme in 2013. Featuring the Shiba Inu dog as its mascot, it offers fast transactions and low fees. It became famous through Elon Musk's endorsement and has an active community.
How It Works
Uses a Litecoin-based Scrypt Proof of Work algorithm. Unlike Bitcoin, it has no supply cap, with ~5 billion new DOGE mined annually. 1-minute block time enables fast confirmations.
Key Features
Unlimited supply
1-minute block time
Scrypt PoW algorithm
Strong community
Low transaction fees
Specifications
Founded2013
ConsensusProof of Work (Scrypt)
Max SupplyUnlimited
Websitedogecoin.com
Use Cases
Tipping & donationsmicropaymentscommunity currencymeme culture