Dogecoin (ticker: DOGE) is a peer-to-peer cryptocurrency launched on December 8, 2013, by Billy Markus and Jackson Palmer. The project began as a parody of speculative crypto, using the "Doge" Shiba Inu meme as its mascot.

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Technology Behind DOGE

Dogecoin is based on Litecoin using a Scrypt proof-of-work algorithm, enabling ~1-minute block times and low fees. Miners receive 10,000 DOGE per block. There is no maximum supply — approximately 5 billion DOGE are added annually, keeping fees low and encouraging use over hoarding.

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How Is Dogecoin Used Today?

DOGE is used for online tipping, charitable donations (including sponsoring the 2014 Jamaican bobsled team), trading, and payments. In 2026, the Dogecoin Foundation is developing the Fractal Engine sidechain for real-world asset tokenization, transitioning DOGE toward a utility-driven ecosystem.