Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. It is considered an altcoin and an almost sarcastic meme coin. Launched in Dec. 2013, Dogecoin has the image of a Shiba Inu dog as its logo.
Dogecoin is a cryptocurrency, a form of digital money that, much like bitcoin, enables peer-to-peer transactions across a decentralized network. One important difference: bitcoin is the original blockchain proof-of-concept. Bitcoin is ground-breaking. Bitcoin is (some believe) world-changing tech with the potential to transform how money works in the 21st century.
Dogecoin is a digital coin with a picture of dog on it.
Dogecoin, which is named after the doge meme, is similar to Bitcoin. It’s a cryptocurrency that enables peer-to-peer transactions across a decentralized network. Cryptocurrencies are novel investments marked by extreme volatility, which is also why they attract so many speculators. And the recent speculative investment into Dogecoin has been fueled by the SatoshiStreetBets Reddit, TikTok, and the tweets of Elon Musk, who’s been having fun with the retail investor phenomenon.
Dogecoin was originally founded as the result of a joke made by Jackson Palmer in November 2013. When he was contacted by programmer Billy Markus, they decided to turn Dogecoin into a reality.
The main thing that separates Dogecoin from most other cryptocurrencies is that it is an inflationary, rather than deflationary, cryptocurrency.
Dogecoin is also part of a wider phenomenon of money piling into increasingly speculative investments.
As dogecoin has demonstrated, cryptocurrency holders can be vocal and passionate. It’s not just about love for memes, nor is it just about profit. It’s about innovation, choice, freedom of expression and changing what seems to be broken.