Dogecoin (DOGE) is one of the earliest decentralized, peer-to-peer cryptocurrencies created in December 2013 when it was forked from Litecoin. It is considered a fun and friendly internet cryptocurrency featuring a Shiba Inu for the logo, the Japanese breed of dog from the internet meme. Doge gained popularity as an internet tipping system, where users send Dogecoin as tips to others for providing entertaining and interesting content.
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The total supply of Dogecoin is not limited, which makes it an inflationary coin with roughly five billion new coins per year. The Dogecoin blockchain uses scrypt technology in its Proof-of-Work algorithm, meaning that miners can’t use Bitcoin mining equipment and therefore the coin is more compelling for common users to mine.
