Dogecoin (DOGE)

Dogecoin is an open-source digital currency based on the "Doge" meme that functions as a peer-to-peer medium for fast payments and digital tipping. Unlike projects backed by corporate entities, its value is driven by a global community, and the project is managed by a decentralized group of volunteers and the non-profit Dogecoin Foundation rather than a formal company. Originally created in 2013 by software engineers Billy Markus and Jackson Palmer as a market parody, the project held no public sale or venture capital rounds. The network operates as a fork of LuckyCoin, which itself was a fork of Litecoin, using a proof of work consensus mechanism. It employs the Scrypt algorithm to ensure the mining process remains fast and efficient, with new blocks processed every 60 seconds. A unique technical feature is its use of merged mining, allowing miners to secure Dogecoin simultaneously with other Scrypt-based networks like Litecoin.

Description from CoinGecko.

Coin details

Name

Dogecoin

Symbol

DOGE

Market cap rank

#13

Category

Smart Contract Platform, Meme, Dog-Themed

Runs on

Its own blockchain

Hashing algorithm

Scrypt

Block time

1 min

Launched (genesis)

8 Dec 2013

Circulating supply

156,706,522,860 DOGE

Max supply

No fixed cap

Price in INR

₹6.07

Tax in India

30% on gains + 1% TDS on sale

Website

dogecoin.com

Whitepaper

dogecoin.com/dogepedia

Explorer

blockchair.com/dogecoin

X (Twitter)

x.com/dogecoin

Reddit

reddit.com/r/dogecoin

GitHub

github.com/dogecoin/dogecoin