Overview
Dogecoin launched in 2013 as a meme cryptocurrency. Transfers are fast and fees are low, and the community popularized tipping.
Highlights
- It can be merge-mined with Litecoin (AuxPoW), so it borrows hash power from Scrypt miners.
- About 5 billion new coins are issued each year. The inflation rate as a percentage falls as the existing supply grows.
- It is one of the most recognized meme assets, and some merchants have accepted it for payments.
Token model
There is no hard cap. About 5 billion coins are added each year, so the inflation rate trends down over time.
FAQ
Does Dogecoin have a use?
It is widely used for tips and community payments. Some retailers, including Tesla merchandise at times, have accepted it. Acceptance is up to each merchant.
Basics
SymbolDOGE
Launch year2013
ConsensusAuxPoW (Scrypt)
Max supplyAbout 5 billion new coins per year; the percentage inflation rate falls as supply grows