Dogecoin (DOGE) is a cryptocurrency that started as a joke but gained widespread popularity, especially due to its active community and celebrity endorsements. It is based on the "Doge" meme featuring a Shiba Inu dog, and it was created in December 2013 by Billy Markus and Jackson Palmer.

WHAT IS DOGECOIN (DOGE)?
Dogecoin is an open-source cryptocurrency that uses a proof-of-work consensus mechanism, similar to Bitcoin. It was initially created as a parody of other cryptocurrencies but has evolved into a widely used digital currency, especially for microtransactions and tipping. Dogecoin’s inflationary model, with no hard cap on supply, makes it different from many other cryptocurrencies.

KEY FEATURES

• Meme-Based Origin: Dogecoin was inspired by the viral "Doge" meme and has maintained a lighthearted and community-driven ethos.

• Fast Transactions: Dogecoin has faster block times (1 minute) than Bitcoin, enabling quicker transactions and lower fees.

• Inflationary Supply: Unlike Bitcoin, Dogecoin has an uncapped supply, with around 10,000 coins mined every minute, leading to its inflationary nature.

• Active Community: Dogecoin has a passionate community that has supported various charitable causes and social initiatives, such as funding the Jamaican bobsled team in the 2014 Winter Olympics.

• Celebrity Endorsements: The cryptocurrency has received widespread attention due to high-profile endorsements, particularly from Elon Musk, increasing its visibility and adoption.