Cryptocurrency Dogecoin (DOGE) Price | Price | Charts | Market capitalization
The Dogecoin rate today is 0.201277 USD, and the trading volume for 24 hours is 832,801,680 USD. The crypto asset has risen by -2.91% in the last 24 hours. At the moment, the market capitalization of the coin is 26,462,685,106 USD, and has 131,473,964,269 coins in circulation with max. delivery of 131,473,964,269 coins DOGE.
What is Dogecoin (DOGE) cryptocurrency?
Dogecoin is a cryptocurrency inspired by the popular meme known as Doge, a depiction of a Shiba Inu dog accompanied by colorful Comic Sans phrases designed to convey its inner monologue.
Launched in late 2013, Dogecoin became popular at a time when developers were just starting to explore the possibilities provided by the invention of Bitcoin (BTC).
Indeed, its creation was an attempt to make the new technology personalized and affordable, which helped propel Dogecoin into the center of industry discussion in 2014.
Even more surprising, even for its creators, is that Dogecoin continues to enjoy fan enthusiasm and a vibrant online community. To this day, his cryptocurrency, DOGE, is still being traded, mostly for tipping online content creators or for crowdfunding.
One reason is that Dogecoin works in the same way as many other cryptocurrencies, as it offers users the ability to exchange value over the Internet without traditional financial gatekeepers.
Who Created Dogecoin?
Dogecoin was launched in December 2013 by programmer Billy Markus and marketer Jackson Palmer, who created the coin as a kind of joke based on the Doge meme.
Palmer left the project in 2015, but Marcus remains its lead developer even today.
Despite the humorous look, the Dogecoin developers have insisted over the years that they take the project and their responsibility to users seriously. As proof, the project has even undertaken several notable experiments in cryptocurrency design.
Dogecoin also highlights the importance of the community in crypto money systems, as its users have been behind some high-profile crowdfunding efforts, including raising $ 50,000 in DOGE to help send Jamaica's bobsled team to the 2014 Olympics.
What makes Dogecoin unique?
The Dogecoin code was originally copied from a previously defunct cryptocurrency called Luckycoin, which itself is a fork of Litecoin (LTC).
From this earlier design, Dogecoin borrowed a Scrypt-based consensus algorithm to force the network of computers running its software to come to a consensus on the history of transactions.
As with Bitcoin, anyone using the Dogecoin software can devote the power of their computer to provide a service - a process often referred to as “mining,” in exchange for the opportunity to receive a newly released cryptocurrency.
Dogecoin's most notable experiment, however, was its monetary policy. For example, there is now no limit on how much Dogecoin can be mined with software.
Dogecoin's total supply was originally capped at 100 billion DOGE, but the developers scrapped this decision a few months after launch to make its money supply inflationary.
Over time, this abundance of supply would have deprived miners of the incentive to keep the Dogecoin blockchain secure, and in 2014 the mining process was integrated with Litecoin. This meant that anyone mining Litecoin could also mine Dogecoin with no extra effort.
How many Dogecoin coins are in circulation? What is their price and course?
At the moment, the maximum supply price of Dogecoin is 131,473,964,269 coins DOGE, 131,473,964,269 DOGE is in circulation.
Today the price of the Dogecoin coin is 0.201277 USD, with a daily trading volume - 832,801,680 USD, market capitalization - 26,462,685,106 USD.
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