Who: Dogecoin is a cryptocurrency created in 2013 by Billy Markus and Jackson Palmer as a joke based on a "doge" meme popular on the Internet.
What: Dogecoin is known as a "meme coin." This refers to a cryptocurrency that gained popularity through internet culture and humor, without relying on any concrete value or use cases.
Where: Dogecoin, like other cryptocurrencies such as Bitcoin and Litecoin, uses a technology called blockchain. Dogecoin's blockchain uses a mining system called "proof-of-work" to verify transactions and generate new DOGE.
When: Dogecoin was launched on December 6, 2013. It had relatively low popularity for the first few years. However, it experienced a sudden explosion of popularity in 2020 with the support of celebrities such as Elon Musk.
Why: Dogecoin's popularity is largely based on its connection to internet culture and humor. The support of figures such as Elon Musk has also increased this popularity. The increasing use of Dogecoin and the general trend of the cryptocurrency market are also among the factors affecting its price.
How: Dogecoin, like other cryptocurrencies, can be bought and sold on various cryptocurrency exchanges. It can also be used to purchase goods and services on some online platforms.
Additional Information:
Dogecoin has an unlimited supply. This is different from cryptocurrencies such as Bitcoin, which have a limited supply.
Dogecoin is relatively easy to mine.
Dogecoin has been used to support many philanthropic projects...