Dogecoin
| Dogecoin | |
|---|---|
|
| |
| Denominations | |
| Symbol | Ð |
| Code | DOGE |
| Development | |
| Original author(s) | Billy Markus Jackson Palmer |
| Initial release | December 6, 2013 |
| Development status | Active |
| Operating system | Microsoft Windows Linux iOS Android |
| Developer(s) | Billy Markus ("Shibetoshi Nakamoto") Michi Lumin |
| Source model | Free and open-source software (FOSS) |
| License | MIT License |
| Ledger | |
| Timestamping scheme | Proof-of-work |
| Hash function | Scrypt-based |
| Block reward | Ð10,000 |
| Block time | 1 minute |
| Block explorer | dogechain.info |
| Supply limit | Unlimited (approximately Ð5 billion issued per year) |
| Valuation | |
| Exchange rate | Floating (highly volatile) |
| Website | dogecoin.com |
Dogecoin (/ˈdoʊ(d)ʒkɔɪn/ DOHJ-koyn or DOHZH-koyn; DOGE, Ð) is a cryptocurrency created in 2013 by Billy Markus and Jackson Palmer as a humorous payment system intended to satirize the speculative frenzy surrounding cryptocurrencies. It is widely recognized as the first “meme coin” and “dog coin,” featuring Kabosu from the popular “doge” internet meme, and is sometimes regarded as a legitimate investment despite its satirical origins.
Dogecoin was introduced on December 6, 2013, and quickly developed a large and active online community. The cryptocurrency reached a peak market capitalization of over US$85 billion on May 5, 2021. On August 16, 2021, English football club Watford FC featured the Dogecoin logo on its shirts as part of a sponsorship deal valued at nearly US$1 million with Stake.com.
The official website, dogecoin.com, promotes Dogecoin as a “fun and friendly Internet currency,” emphasizing its origins as a joke. Launched on December 6, 2013, by software engineers Billy Markus and Jackson Palmer to parody Bitcoin, Dogecoin gained early popularity on online platforms such as Reddit. Within two weeks of its launch, the project established a dedicated blog and forum and achieved a market value of approximately US$8 million.