Dogecoin was created by Billy Markus and Jackson Palmer in December 2013.  Dogecoin began its journey as a joke currency and it was named after the Shiba Inu “dog” meme.

Dogecoin is a peer-to-peer decentralized currency. It enables users to send money online instantly across the globe.

Dogecoin is mined like other popular cryptocurrencies. It has a block time of 60 seconds (1 minute) and a difficult retarget time of four hours. Miners are paid a certain amount of Dogecoin for their work.

Unlike the Bitcoin SHA-256 algorithm, Dogecoin is based on the Litecoin protocol as it uses "scrypt technology" as a proof-of-work scheme.

Dogecoin has no supply limit this makes it an inflationary coin, while most cryptocurrencies like Bitcoin and Litecoin are deflationary (fixed circulation limit)

There is more than 120 billion Dogecoin in circulation right now. The larger amount of the coins make the value of a single Dogecoin low.

This is the reason why Dogecoin is used in the form of donations, reward-tip for helpful, entertaining, and other useful information on public platforms like Reddit, Twitter, Crypto Forums, etc.

It was created for fun but it has built strong community support.

The success of Dogecoin is closely intertwined with Elon Musk's passion for it. Musk began tweeting about Dogecoin in early 2021, sharing a Lion King DOGE meme. That kickstarted a furious DOGE rally — with temporary dips — that culminated in Musk's appearance on Saturday Night Live.

Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. You can get tipped Dogecoin by participating in a community that uses digital currency, or you can get your Dogecoin from a Dogecoin faucet.

It has a circulating supply of 132,670,764,300 DOGE coins and the max. supply is not available.

If you would like to know where to buy Dogecoin at the current rate, the top cryptocurrency exchanges for trading in Dogecoin stock are currently Binance, OKX, Bybit, KuCoin, and Coinbase.