What Is Dogecoin?
Dogecoin is an cryptocurrency that started as a joke. It was introduced on December 8, 2013 by programmer Billy Markus. The idea for Dogecoin came from the “doge” meme which features pictures of Shiba Inu dogs with captions written in broken English.
Although it started as a joke, Dogecoin has grown to have over $28.8 billion CAD in market cap. Dogecoin is based on the litecoin protocol and it uses a proof-of-work algorithm to secure its network. Dogecoin also has a very large and active community that supports its development. This community has been responsible for some of the most innovative applications built on top of dogecoin, including tipping services and decentralized marketplaces.