Dogecoin is a decentralized, peer-to-peer digital currency. It enables you to easily send money online. Think of it as "the internet currency. It featuring a likeness of the Shiba Inu dog from the "Doge" Internet meme as its logo. Dogecoin is casual in its approach but is gaining wide acceptance for online transactions. It is a decentralized virtual currency and uses peer-to-peer technology to carry out its operations.
Dogecoin was Introduced as a "joke currency" on 6 December 2013, Dogecoin was created by programmer Billy Markus from Portland, Oregon, who hoped to create a fun cryptocurrency that could reach a broader demographic than bitcoin. Jackson Palmer, a member of Adobe Systems' marketing department in Sydney, was encouraged on Twitter by a student at Front Range Community College to make the idea a reality.Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. As Compare to other cryptocurrencies, It had a fast initial coin production schedule. It produced 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth coins had been mined. In December 2017, it has a capitalization of US$1 billion.
It has a block time of 60 seconds that is much faster as compare to other cryptocurrencies and the difficulty retarget time is four hours.
Dogecoin is an inflationary coin.
Dogecoin deals with large numbers of coin that are lesser in value individually, making the currency more accessible with a low entry barrier and fit for carrying out smaller transactions.
It uses scrypt technology as a proof-of-work scheme
Dogecoin is revolutinary technology. people can send money anywhere in the world instantly, securely, with almost no fee, and with complete anonymity. Due to economic crisis there is drastic increase in the value and marketcap of Dogecoin. Dogecoin has a strong community which is constantly growing, and is consistently near the top of the list for most valuable Cryptocurrencies. Dogecoin will increase in value, possibly rapidly, relative to the USD and Euro.
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