What is DOGE?

_{What is Dogecoin (DOGE)?}

Dogecoin (DOGE) comes from a famous meme on the internet called “doge” and has the Shiba Inu symbol on the logo.
This open-source cryptocurrency was created by Billy Markus from Portland, Oregon.
and Jackson Palmer from Sydney, Australia
By splitting from Litecoin in December 2013, the creators of Dogecoin saw it as a fun and light-hearted cryptocurrency.
Which will attract more attention than the main Bitcoin, because it is based on dog memes.
Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

_{Blockchain nativo:}

Dogecoin is a coin with its own blockchain that forks a lot from Litecoin.
And it got its name as a famous meme coin in the coin industry, although at first it was seen as just humor.
But DOGE has grown a lot from its community of users and supporters.

_{Protokola Konsensus:}

Dogecoin works with Proof-of-Work (PoW), specifically using the Scrypt algorithm (the same as Litecoin).
This means that miners need to solve complex mathematical problems to verify transactions and add them to the blockchain.

_{Trilemma (Security, Speed, Scalability):}

Seguridad: With DOGE based on PoW, Dogecoin benefits from a robust security system
However, there is a 51% chance of being attacked, just like coins using other PoW mechanisms.

snelheid: Dogecoin has a one-minute block mining time, which is faster than Bitcoin, but not as fast as newer platforms that have come out in the latter.

Scalabilità: As with other common coins, scalability can be an issue when there is an increase in transaction volume.
And still have to rely on new developments to help with this.

_{Founder/Date Founded:}

Dogecoin was founded by Billy Markus and Jackson Palmer and was officially launched on December 6, 2013.
Starting from being created to parody the many altcoins that were released during that period.

_{Objective/Use Case:}

Dogecoin has been introduced as an alternative coin that continues to generate buzz and flourish.
Although it was not originally created as a serious financial tool, it has now been used to tip creators online.
Fundraising for charity and other online transactions

_{Total supply/Limit or Unlimited:}

Dogecoin has an unlimited supply, meaning there is no limit to the number of DOGE coins that can be mined.
Initially, the volume was limited to one hundred billion dollars, but today it has been changed.
And now there is a circulation volume of the current coin of more than one hundred and thirty thousand million dollars (130 billion DOGE).

_{Supply Deflation:}

Since Dogecoin does not have a maximum volume limit, and new coins mined can be continuously imported into the system.
Therefore, it does not follow the pattern of deflation. However, its form of inflation decreases over time.
Since the reward from mining blocks will have a smaller and smaller percentage according to the total supply of coins as a whole.

This summary helps beginners understand the fundamentals of Dogecoin and its distinctive features within the realm of digital assets.
Because digital assets are developing rapidly
It is therefore essential to keep abreast of the news regarding the development and updating of digital assets.

_Source:^‍

dogecoin.com
dogecoin dokumentasjon
cryptoslate
wikipedia
CoinMarketCap/Dogecoin
github.com/dogecoin

‍

‍