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What is Dogecoin (DOGE)?

 What is Dogecoin (DOGE)?

Dogecoin (DOGE)

What is Dogecoin (DOGE)?

Dogecoin (DOGE) is derived from the popular internet meme "doge" and features the Shiba Inu symbol on its logo. This open-source digital currency was created by Billy Markus from Portland, Oregon, and Jackson. Palmer from Sydney, Australia, split from Litecoin in December 2013. The creator of Dogecoin sees it as a fun and light-hearted cryptocurrency. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

How do you mine Dogecoin?

Dogecoin is different from protocol. Bitcoin proof-of-work in several areas, one of which is the use of Scrypt technology, where the altcoin has a 1-minute block time and the total supply is unlimited. This means that there is no limit to the number of Dogecoin that can be mined.

You can mine Dogecoin either solo or by joining a mining group. Doge miners can mine cryptocurrency on Windows, Mac or Linux and from a GPU. As of 2014, you can mine Litecoin in the same process as mining Dogecoin. These were put together.

What can Dogecoin be used for?

Dogecoin is mainly used for tipping on Reddit and Twitter to reward creating or sharing quality content. You can earn Dogecoin by participating in cryptocurrency communities. Alternatively, you can earn Dogecoin from Dogecoin faucet. Dogecoin faucet is a website that will give you a small amount of Dogecoin for free as a referral currency. So you can start interacting in the Dogecoin community.

How can you buy Dogecoin?

If you're new to  cryptocurrencies, use  CoinMarketCap's easy guide.

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