What is Dogecoin (DOGE)?

Dogecoin is a public cryptocurrency that was created as a lighthearted joke poking fun at the crypto speculation by software engineers Billy Marcus and Jackson Palmer. Launched in 2013, it is considered as the first "memecoin" in the world. Unlike other altcoins that are designed to be scarce and to have its value increase over time, there are 10,000 Dogecoin mined every minute and the memecoin does not have a maximum total supply.

Despite the fun-loving origin, Dogecoin, ironically, has a lot more use cases than the majority of crypto. Besides being accepted as a method of payment in places around the world, it is predominantly used as tips for online content creators and as donations for charities. For example, in 2014 alone, the Dogecoin community joined hands to help Jamaica's national bobsled team join the Olympics, build a well in Kenya, and sponsor a NASCAR driver.

Dogecoin gained notable increases in popularity and value after Elon Musk repeatedly tweeted about the coin on his personal account and had plans to use DOGE to pay for a mission of SpaceX.

How Dogecoin (DOGE) Works

Dogecoin has its own blockchain. It is a fork of Litecoin and therefore uses the same Scrypt mining algorithm and Proof-of-Work consensus mechanism. DOGE miners need to use computers to solve complex mathematical puzzles to validate and record transactions on the blockchain in exchange for DOGE as rewards.

How Many DOGE Tokens Are in Circulation?

DOGE is an inherent inflationary token because there is no hard cap to its total supply and 10,000 coins are released every minute. Currently, 132.67 billion Dogecoins are in circulation.

How to Buy Dogecoin (DOGE)

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Check out the available DOGE trading pairs on Bitget!

Futures Market

DOGEUSDT

Spot Market

DOGEUSDT

DOGEUSDC

DOGEBTC

Dogecoin Resources

Related Dogecoin Pages

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