Dogecoin (DOGE) is the most famous meme cryptocurrencies available.
Dogecoin is an open-source peer-to-peer cryptocurrency designed for sending and receiving relatively small tips via the Dogecoin blockchain network.
It was started in 2013 by Jackson Palmer and Billy Markus as a joke based on a popular meme featuring a Shiba Inu dog (a Japanese breed).
Now it has real value and a strong community that is using it as an alternative to Fiat currency.
Dogecoin has got so popular in 2021, that it even reached the top 5 coins on Coinmarketcap and created more than a few DOGE millionaires.
This Dogecoin guide will somewhat play devil’s advocate, helping you make up your own mind whether you should invest or simply sit back and enjoy the memes.
Introduction to Dogecoin
Dogecoin originally started as a hard fork of a now-defunct cryptocurrency called Luckycoin.
Luckycoin was actually a hard fork of Litecoin…
Which was actually a hard fork of Bitcoin...
So you could even say that Dogecoin is a fork, of a fork, of a fork!
But at the heart of Dogecoin is the Shiba Inu meme.
It was created as a joke and its devoted community of memers and celebrities alike, all continue to embrace this fact.
You see there’s no official leader or CEO behind Dogecoin.
Instead, the entire codebase is open-source and open for the community to drive direction.
But what really makes Dogecoin so great is that it doesn’t pretend to be something it’s not.
No multinational business is using Dogecoin to send millions of dollars across borders.
Dogecoin is being used every single day by people online wanting to tip and reward others for creating and sharing hilarious content online.
Against all odds we’ve seen Dogecoin turn into a mainstream marketing beast for the cryptocurrency industry as a whole, providing a gateway to more serious projects like Bitcoin.
So as long as you're treating Dogecoin as the joke that it has always intended to be, you won't have any problems.
Come for the memes, stay for the tech.
Best of probabilities to you.
Direct from the desk of Dane Williams.
Why not leave a comment and share your thoughts on what is Dogecoin, within the comments section below? All comments that add something to the discussion will be upvoted.
This Dogecoin blog is exclusive to leofinance.io.