DOGECOIN

WHAT IS DOGECOIN?

Dogecoin is a decentralised cryptocurrency based on the doge meme. Dogecoin is an open source peer-to-peer digital currency, favored by Shiba Inus worldwide. It is THE FUN AND FRIENDLY INTERNET CURRENCY. Dogecoin sets itself apart from other digital currencies with an amazing, vibrant community made up of friendly folks just like you.

What do you mean by "decentralised"?

Dogecoin is not run by any individual company or person. Technically speaking, it operates according to rules agreed by consensus, rather than decided upon by some founding or owning entity.

What do you mean by "cryptocurrency"?

A cryptocurrency is a digital currency that is secured by cryptography, in contrast to conventional (fiat) currencies where they are secured by a government or governments.

Okay, but what does that mean?

It means you don't have to trust any central organisation or person the way you would a bank, but also that you have to be your own bank. The developers can't seize your funds, but they also can't return them if you send them to the wrong address.

So who does run Dogecoin?

No-one, or everyone does equally, depending how you look at it. The developers can release new software, but the community have to choose to use that software. That community includes not just the end-users, but miners, exchanges, payment processors, etc. Typically the community does adopt new software we release because we have an established track record, but there's no special access we have.

Facts

Dogecoin (DOGE) was created in 2013 as a lighthearted alternative to traditional cryptocurrencies like Bitcoin. The Dogecoin name and Shiba Inu logo are based on a meme. Unlike Bitcoin, which is designed to be scarce, Dogecoin is intentionally abundant — 10,000 new coins are mined every minute and there is no maximum supply.

DOGE

Dogecoin (DOGE) was created as a lighthearted alternative to traditional cryptocurrencies like Bitcoin in 2013. The name and Shiba Inu logo are based on a meme. Unlike Bitcoin, which was designed to be scarce, Dogecoin is intentionally abundant — with 10,000 new coins mined every minute and no maximum supply.

For most of its existence, Dogecoin (pronounced “dohj coin”) was considered to be an amusing “memecoin” beloved by its community — but with relatively little value. That changed in 2021, when DOGE became one of the larger cryptocurrencies by market cap — with a total value that topped $80 billion in 2021, even though each individual coin is worth pennies.

How is Dogecoin mined?

Like more prominent cryptocurrencies, including Bitcoin and Ethereum, Dogecoin is also secured by mining. Thousands of computers around the world compete to mine Dogecoin in order to share the millions of new coins added to the supply per day, while also validating and processing network transactions.

Early in Dogecoin’s history, any computer could be useful for mining DOGE. As its popularity has surged however, mining competition has increased, making it difficult for small-scale miners with regular hardware. With a powerful graphics processor unit, a miner may be able to earn Doge, however a more powerful, specialized computer called an ASIC is likely necessary in order to mine profitably.

Binance Smart Chain Contract Address:

0xbA2aE424d960c26247Dd6c32edC70B295c744C43