Dogecoin
open source peer-to-peer digital currency From Wikipedia, the free encyclopedia
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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.
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