Dogecoin is a peer-to-peer electronic payment system based on Shiba Inu, which became popular in 2013. It is a branch of Luckycoin and itself is a fork of Litecoin ( introduced by Litecoin LTC ).

Dogecoin uses a PoW script mining algorithm similar to Bitcoin. Although Bitcoin has a limited number of tokens, there is no limit to the number of Dogecoins created. The rate of creation of Dogecoin currently exceeds 5 billion per year.

Dogecoin is one of the oldest altcoins in existence, so they have a relatively large community. There are approximately 90,000 Dogecoin lovers on the Reddit page. Dogecoin is an excellent digital currency for micro-transactions, usually used to tip items.

Dogecoin is also a self-proclaimed “joking token,” which has become popular in the community.

 

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