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Dogecoin basics
Dogecoin
Payments
Dogecoin is a playful cryptocurrency popularized by adopting the Shiba Inu internet meme.
Dogecoin token type
DOGE
Native
Payments
Dogecoin history and first price
Fair Launch
Dogecoin was launched on December 6, 2013, with no premine or instamine.
Dogecoin is a meme cryptocurrency with the internet-famous Shiba Inu canine breed as a mascot. The project was introduced on Twitter by Jackson Palmer on November 27, 2013 when he tweeted about "investing" on “Dogecoin”, a made-up name. Some of Palmer's friends encouraged him to create a real Dogecoin project, so he registered dogecoin.com and started working. Billy Markus saw the website and reached out to Palmer. Markus and Palmer thought Dogecoin would make the cryptocurrency space more palletable to newcomers since, as they built the protocol, Bitcoin was beleaguered by associations with Silk Road and dark web. Palmer exited the Dogecoin project and community in June 2014 by tweeting, "Unsubshibing. Peace."
Unlike a variety of other altcoins launched in 2013 and 2014, Dogecoin has proved itself surprisingly resilient to crypto-asset market cycles, which is speculated to be the result of meme durability.
Dogecoin technology explained
Dogecoin is a fairly-launched coin based on the structure of an existing project, Luckycoin, which itself is a code base fork of Litecoin, and arguably enjoys one of the most decentralized peer-to-peer networks after Palmer left the project. New blocks are added to the chain every 60 seconds, on average.
Dogecoin uses scrypt hash function for its proof-of-work consensus mechanism. The scrypt algorithm was specifically designed to make it costly to perform large-scale, custom-hardware attacks. At launch, Dogecoin was mine-able on personal computers, which was attractive to cryptocurrency enthusiasts during a time when Bitcoin mining was increasingly industrialized and capital intensive.
Dogecoin has no formal white paper, although several fans have written blog and forum posts as stand-in explainer documents.
Dogecoin supply limit
Inflationary
Fixed Issuance
Dogecoin DOGE tokens are produced by mining blocks, which rewards miners a randomized quantity of coins. The randomization range halved every 100,000 blocks. Palmer originally capped the DOGE token supply at 100 billion DOGE. But in February 2014, the cap was abolished and an unlimited amount of DOGE can be created, shifting the cryptocurrency from a deflationary to an inflationary supply model. The block reward is now fixed at 10,000 DOGE per block, with one block being mined every one minute.
Dogecoin consensus
Proof-of-Work
1 min
Dogecoin governance
No On-Chain Governance
Store Dogecoin with Cropty cryptocurrency wallet by 3 simple steps:
- Download the app from the Apple AppStore or Google Play, or open your browser wallet.
- Create your Cropty wallet account with Face ID or Touch ID security options.
- Transfer DOGE from external wallet.
Receive Dogecoin to your Cropty wallet by QR-code, phone number, e-mail and nickname:
- Download the app from the Apple AppStore or Google Play, or open your browser wallet.
- Create your Cropty wallet account, set up a nickname.
- Click ‘Receive’ and follow the instructions.
You can transfer your Dogecoin holdings and store it safely with Cropty wallet. Cropty secures safety of your holdings through various verification options like using password, authenticator app, Face ID, Touch ID and backup codes. You can be sure no one can get access to you Dogecoin holding except you.
Start investing in Dogecoin with Cropty cryptocurrency wallet by 3 simple steps:
- Download the app from the Apple AppStore or Google Play, or open your browser wallet.
- Create your Cropty wallet account, set your authentication settings.
- Transfer DOGE from external wallet.
The Cropty wallet provides the most convenient application for storing and transfering Dogecoin. Cropty targets to become one the best crypto wallets for Android and iOS in 2024. Cropty provides convenient application and secure custodial services, built for crypto beginners, as well as for crypto-savvies.
You can receive Dogecoin donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.
You can receive Dogecoin donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.
You can send Dogecoin instantly without fee in the Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Send’, choose ‘Send via e-mail, phone number or nickname’ and follow simple instructions.
- Sign up to Dogecoin wallet.
- Top up your balance with Dogecoin.
- Store, trade or deposit your Dogecoin.
- Get Dogecoin deposit interest directly to your Cropty wallet.