Dogecoin is a cryptocurrency with a Shiba Inu (a breed of dog from Japan) as a logo on the Internet that presented on December 8, 2013.
Dogecoin is a peer-to-peer and open source digital currency that allows you to send money online. It is known for its logo, as it is a little peculiar because it is inspired by a Shiba Inu dog from a famous Internet meme.
This exciting coin has had a huge growth since its inception, this type of currency is known as "cryptocurrency" or "crypto money", which is completely anonymous, decentralized and very safe.
It is based on Litecoin, which means that all changes and updates made to Litecoin will also apply to Dogecoin.
This project was never proposed to have an innovative technology in Blockchain or to do something new and sophisticated, it is simply a simple cryptocurrency platform. Likewise, it has always maintained a lower value in the rates of very small transactions, which allows it to be a cryptocurrency that people actually use, instead of clinging to it only as an investment.
Its structure is very similar to Bitcoin although there is a difference, which is the speed of confirmation of transactions. In the world of cryptocurrency, the miners are the ones who confirm that a transaction has been made. The process varies in each platform, transactions for Bitcoin for example can take between 10 minutes and 1 hour. But in the case of Dogecoin, the confirmation takes place in just 1 minute.
Dogecoin is used with a digital wallet on the computer, on the mobile or on a web page. It can be used to buy goods and services or exchange it for other currencies (other cryptocurrencies as well as traditional money such as euros or dollars).
Another use that has and one of the most popular are donations on the Internet to other users who create or share interesting content.