Dogecoin is a peer-to-peer, open-source cryptocurrency. Dogecoin is a cryptocurrency featuring a likeness of the Shiba Inu dog from the “Doge” Internet meme as its logo. Introduced as a “joke currency” Dogecoin quickly developed its own online society and currency has gained traction as an Internet tipping system, in which social media users grant Dogecoin tips to other users for providing interesting or noteworthy content. Like other cryptocurrencies, Dogecoin can be held as an investment or traded in the hopes of making a profit. Most Dogecoin fans use the altcoin as a currency, taking advantage of its very low transaction fees, easy-to-use platform and fast transaction times. Dogecoin is worth buying as a personal collection cryptocurrency for long-term portfolios. Dogecoin operates similar to many other cryptocurrencies it offers users the ability to exchange value, over the internet, without traditional financial gatekeepers. The true power of Dogecoin lies in the strong and dynamic community that sprung up around it.
Original author – Jackson Palmer & Billy Markus
Programming language of implementation – C++
Initial release – 6 December 2013
Development status – Active
Website – dogecoin.com