Dogecoin (DOGE) was introduced in 2013 as a “meme currency” by the developers Jackson Palmer and Billy Markus who now goes by the name “Shibetoshi Nakamoto” which is a joke to the creator of Bitcoin, Satoshi Nakamoto. The status of “meme currency” comes from its logo which is based on the internet-famous “doge meme” while the motive behind the creation of coin is also for fun and sarcasm.
Dogecoin is also a decentralized currency on a Peer-to-peer network just like other cryptocurrencies while relatively easier to use than others. For example, in the aspect of mining, Dogecoin, which has the same based algorithm as the Litecoin, is not able to be mined with ASICS but computer hardware only. On the part of the transaction, Dogecoin also has a block time of 1 minute which is more than 50% reduced from Litecoin Block from 2.5 minutes.
Dogecoin may seem to be something that is not serious enough to be a legitimate currency or beneficial to users, but somehow the transaction fee of Dogecoin is very low compared to other cryptocurrencies. It has also been used in some social media circles as an asset for tipping the creators for creating their contents, this has later popularized the dogetipbot.
Reference from: https://bitblockthai.com/about-dogecoin/
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