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Dogecoin (DOGE) is an open-source peer-to-peer cryptocurrency that operates on a blockchain using Scrypt proof-of-work consensus to enable digital transaction processing and validation. It was launched in December 2013 by software engineers Billy Markus and Jackson Palmer as a satirical project inspired by the Doge internet meme, with its protocol adapted from Litecoin and Luckycoin. The DOGE token serves as a digital currency for peer-to-peer payments, tipping, and microtransactions, with new units issued as fixed block rewards to miners.
Updated by Tokenica
Updated by Tokenica
Dogecoin has an uncapped total supply with a fixed annual issuance of exactly 5 billion DOGE through a block reward of 10,000 DOGE per block (approximately 1-minute block times). The token launched with 100% of supply distributed via mining and no pre-mine, ICO, team allocation, treasury, or investor shares. It maintains a predictable inflationary schedule with no vesting, locks, or burns documented in official sources. DOGE serves primarily as a medium of exchange for payments and transfers on its proof-of-work network.
Updated by Tokenica
Updated by Tokenica