Dogecoin $DOGE is an open-source internet-inspired cryptocurrency that uses popular internet memes and logos such as the dog $SHIB for its lighthearted and humorous nature. It was created by Billy Markus of Portland, Oregon, and Jackson Palmer of Sydney, Australia in December 2013 as a fork of Litecoin.
*Some of the key features of Dogecoin:*
1. *Scrypt Technology*: Dogecoin uses a Proof-of-Work protocol similar to Bitcoin, but based on Scrypt technology.
2. *Block Time*: Dogecoin has a block time of one minute, which helps speed up transaction processing⁽¹⁾.
3. *Unlimited Supply*: The number of Dogecoins that can be mined is unlimited, meaning it is not limited in supply like Bitcoin.
Dogecoin started as a joke but gained wide acceptance among cryptocurrency users due to its unique nature and charitable uses. It started as a fun way but it has established itself in the cryptocurrency world and has become one of the largest cryptocurrencies in terms of market capitalization.
