Dogecoin is a cryptocurrency created in December 2013 by software engineers Billy Markus and Jackson Palmer. Initially developed as a lighthearted parody of Bitcoin, it features the Shiba Inu dog from the popular "Doge" internet meme as its mascot. Dogecoin operates on blockchain technology and uses a proof-of-work system similar to Bitcoin and Litecoin.

Despite its humorous origins, Dogecoin has gained popularity due to its vibrant community and low transaction fees, making it suitable for microtransactions and charitable donations. Its value has been highly volatile, often influenced by social media and endorsements from figures like Elon Musk.

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