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Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency that started as a playful meme token but quickly grew into a prominent digital asset with a dedicated community. Originally launched in 2013 by software engineers Billy Markus and Jackson Palmer as a lighthearted alternative to Bitcoin, Dogecoin features the Shiba Inu dog from the popular "Doge" meme as its logo. Despite its humorous origins, DOGE has become known for its fast transaction speeds, low fees, and accessibility, which have made it a popular choice for microtransactions and tipping online. The Dogecoin ecosystem is driven by a vibrant and supportive community that has leveraged DOGE for charitable causes, online fundraising, and awareness campaigns. With the support of high-profile figures and integrations in platforms like Tesla's merchandise shop, Dogecoin has managed to retain relevance as both a cultural phenomenon and a functional digital currency, underscoring the potential of meme coins in the broader cryptocurrency landscape.
Although Dogecoin itself isn’t directly related to NFTs, its popularity has inspired several Doge-themed NFTs. Some platforms support Dogecoin payments for NFT purchases, integrating DOGE with the growing NFT ecosystem.
Dogecoin can process approximately 40 transactions per second, which is higher than Bitcoin’s average of 7 TPS. This higher capacity contributes to Dogecoin’s speed and efficiency in handling small transactions.
Several wallets support Dogecoin, including Dogecoin Core, Exodus, Atomic Wallet, Trust Wallet, and hardware wallets like Ledger and Trezor. Each offers different security and access features to suit user preferences.
Like most decentralized cryptocurrencies, Dogecoin is censorship-resistant, meaning transactions cannot be blocked or altered by any single authority. This feature aligns with the decentralized ethos of blockchain technology, promoting free and open transactions.
The smallest unit of Dogecoin is called a “Koinu,” which represents one hundred-millionth of a single DOGE. This unit allows for microtransactions and precise tipping amounts within the Dogecoin network.