There are several charities, like SocksForTheHomeless or DogePizza, also developed by passionate DOGE users and maintained by Dogecoin’s philosophy lovers. They’ve created an app called DogePal – an easy way to pay with DOGE. Members of the DOGE community (they call themselves Shibes) are known to be very active on social media and to take part in charitable projects, donating DOGE or tipping people with it. Though it may seem that Dogecoin is a silly joke that went too far, rest assured that it’s not the case, at least not anymore. Dogecoin enables people to throw around small sums of money as a gesture of appreciation. DOGE doesn’t cost much, but that’s precisely what makes it easy to use. While prominent men and women of fortune play on the heavy-weight Bitcoin market, ordinary internet users choose Dogecoin as their way into the crypto world. It is a community with a certain set of values and a philosophy, where sharing, encouragement, charity, and overall amiability are cherished. Many more became part of the Dogecoin ecosystem after it proved itself to be more than just a cryptocurrency. Millions of people use DOGE today – some of them started out as the Doge meme fans, others joined when the currency became a popular means of tipping on Twitter and Reddit. One of the most notable things about Dogecoin is its devoted and active community. In January 2018, the coin peaked with an all-time high of $0.017-$0.018. DOGE survived thanks to its faithful community’s efforts. In 2015, Jackson Palmer left the project, bringing on an avalanche of rumors about Dogecoin’s prompt fall. In 2014, Dogecoin even outperformed Bitcoin by traded value and entered the Top-10 most popular cryptocurrencies list on Coinmarketcap. It dropped after three days, but then rose again in January and kept steadily increasing. On the 19th of December 2013, DOGE price grew by 300%. This incident didn’t affect Dogecoin’s image much. In November 2013, he absentmindedly tweeted, “Investing in Dogecoin, pretty sure it’s the next big thing.”, having no clue he had just made a remarkably accurate prediction. To top it off, he was a novice cryptocurrency enthusiast. The idea was to oppose Bitcoin’s hype (it was booming in 2013) and make a less severe, less upscale cryptocurrency that people would relate to.īack in 2013, in prehistoric times by meme standards, a “doge” meme was a thing: thousands of people were posting a picture of a Japanese Shiba Inu dog, surrounded by a cloud of silly and ungrammatical phrases.įuture Dogecoin co-founder Jackson Palmer wasn’t an exception to the craze around the cute dog. Dogecoin (DOGE) Historyĭogecoin was created in December 2013 by an American software engineer Billy Marcus and an Australian product manager Jackson Palmer. If you want to investigate one of those, check out Best Dogecoin Mining Pools. Many users prefer to mine DOGE in a mining pool by joining computing powers with other miners. The mining reward is 10,000 DOGE per block. The DOGE mining difficulty is considerably lower. It is faster and less power-consuming to mine DOGE than, say, BTC with its SHA-256 algorithm. By the way, our service is here to offer you swift DOGE exchange and purchase options.Ĭompared to other cryptocurrencies, Dogecoin is relatively easy to mine. As for hardware wallets, DOGE is compatible with both Trezor and Ledger.ĭogecoin is listed on the most popular crypto exchanges and forms various market pairs. They also allow you to store, send, and receive DOGE. Lighter software wallet options are MultiDoge or an online wallet Dogechain. For instance, Dogecoin Core will download the full Dogecoin blockchain on your PC, turning it into a functional Dogecoin Node. We further explain the matter in Changelly’s article about Dogecoin mining.ĭOGE can be stored on both software and hardware wallets. Mining DOGE is 2.5 times faster than LTC, which also means that transaction confirmation is faster. Unlike Litecoin, Dogecoin has an unlimited supply. Both blockchains use the Scrypt algorithm and the Proof-of-Work algorithm. Dogecoin is based on the Litecoin source code.
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