$0.07018
-0.10% (24H)
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Dogecoin current price is $0.07018 with a marketcap of $10.92 B. Its price is -0.10% down in last 24 hours.
Dogecoin is an open-source digital currency based on the Doge meme that functions as a peer-to-peer medium for fast payments and digital tipping Unlike projects backed by corporate entities its value is driven by a global community and the project is managed by a decentralized group of volunteers and the non-profit Dogecoin Foundation rather than a formal company Originally created in by software engineers Billy Markus and Jackson Palmer as a market parody the project held no public sale or venture capital rounds The network operates as a fork of LuckyCoin which itself was a fork of Litecoin using a proof of work consensus mechanism It employs the Scrypt algorithm to ensure the mining process remains fast and efficient with new blocks processed every seconds A unique technical feature is its use of merged mining allowing miners to secure Dogecoin simultaneously with other Scrypt-based networks like Litecoin To keep transaction... Read More
Dogecoin is an open-source digital currency based on the "Doge" meme that functions as a peer-to-peer medium for fast payments and digital tipping. Unlike projects backed by corporate entities, its value is driven by a global community, and the project is managed by a decentralized group of volunteers and the non-profit Dogecoin Foundation rather than a formal company.Originally created in 2013 by software engineers Billy Markus and Jackson Palmer as a market parody, the project held no public sale or venture capital rounds. The network operates as a fork of LuckyCoin, which itself was a fork of Litecoin, using a proof of work consensus mechanism. It employs the Scrypt algorithm to ensure the mining process remains fast and efficient, with new blocks processed every 60 seconds. A unique technical feature is its use of merged mining, allowing miners to secure Dogecoin simultaneously with other Scrypt-based networks like Litecoin.To keep transaction fees low and the network running indefinitely, Dogecoin features an uncapped supply where new coins are added forever. In a major regulatory milestone in March 2026, a joint SEC and CFTC framework officially classified Dogecoin as a digital commodity, placing it in the same asset category as gold or oil. Read Less
