๐ What Is Dogecoin?
Dogecoin (DOGE, symbol: ร) is a decentralized, community-driven cryptocurrency first released on December 6, 2013, by Jackson Palmer and Billy Markus as a humorous alternative to Bitcoinโfeaturing the iconic Shiba Inu โDogeโ meme as its logo .
Unlike Bitcoinโs capped supply, Dogecoin has an unlimited supply. After mining the initial 100โฏbillion coins, it adds approximately 10,000 DOGE every minute, making it inherently inflationary .
๐ง How Dogecoin Works
Blockchain & Mining: Dogecoin runs on its own Scrypt-based proof-of-work blockchain, initially forked from Litecoin. Block times are around 1 minute, enabling faster transaction confirmations than Bitcoin or Litecoin .
Inflationary Design: With no maximum limit and a steady release of new coins, Dogecoin encourages circulation rather than scarcity .
Dogecoin (DOGE, symbol: ร) is a decentralized, community-driven cryptocurrency first released on December 6, 2013, by Jackson Palmer and Billy Markus as a humorous alternative to Bitcoinโfeaturing the iconic Shiba Inu โDogeโ meme as its logo .
Unlike Bitcoinโs capped supply, Dogecoin has an unlimited supply. After mining the initial 100โฏbillion coins, it adds approximately 10,000 DOGE every minute, making it inherently inflationary .
๐ง How Dogecoin Works
Blockchain & Mining: Dogecoin runs on its own Scrypt-based proof-of-work blockchain, initially forked from Litecoin. Block times are around 1 minute, enabling faster transaction confirmations than Bitcoin or Litecoin .
Inflationary Design: With no maximum limit and a steady release of new coins, Dogecoin encourages circulation rather than scarcity .