What is Dogecoin and some awesome facts about it

What is Dogecoin and some awesome facts about it

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3 January, 2022

Dogecoinis a cryptocurrency made by IBM software engineers Billy Markus and Jackson Palmer. They wanted to create a payment system that is instant, fun, and free from conventional banking fees.

It was created for a peer-to-peer digital currency that could reach a broader demographic than Bitcoin.

What is Dogecoin and some awesome facts about it

The Dog on Dogecoin is the face of theShiba Inudog from the "Doge"memeas its logo and namesake.

TheShiba Inu is a small-to-medium breedofhunting dogfromJapan and the smallest of the six original and distinct spitzbreeds ofdognative to Japan.

What is Dogecoin and some awesome facts about it

Dogecoinwas launched on December 6, 2013, and within the first month, there were over a million visitors to Dogecoin.com.

  • Dogecoin has been used to try to sell a house and has been used in the pornography and poker industries.
  • Several cases of people using their employers' or universities' computers to mine Dogecoin have been discovered.
  • In January 2021, Dogecoin went up over 800% in 24 hours as a result of attention from Reddit users, encouraged by Elon Musk and GameStop's short squeez.
  • In February 2021, Dogecoin hit its all-time high price followingTwitterencouragement from Elon Musk, Snoop Dogg, and Gene Simmons

The current market capitalization ofDogecoinis US $5,382,875,000 as of January 28, 2021