Introduction to Dogecoin

Dogecoin (ticker: DOGE, symbol: Ð), also known as "Doge Coin" or simply "Doge," was launched on December 8, 2013. It was created by Jackson Palmer, an Australian branding and marketing expert, and Billy Markus, an American software engineer. The name and logo of Dogecoin are derived from the popular internet meme featuring a Shiba Inu dog known as “Doge.” Initially intended as a joke to satirize the speculative nature of cryptocurrencies like Bitcoin, Dogecoin gradually gained popularity and carved out a place for itself in the digital asset space due to its unique charm and vibrant community.

Dogecoin is based on the Scrypt algorithm and has a block confirmation time of only one minute, making transactions significantly faster than those of Bitcoin. It was designed with the goal of enabling convenient microtransactions. Unlike Bitcoin, which has a fixed supply cap of 21 million coins, Dogecoin has no maximum supply limit. After its initial issuance of 100 billion coins in 2013, Dogecoin has been subject to a steady annual inflation of 5 billion coins. This unlimited supply model stands in stark contrast to Bitcoin’s deflationary design.