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What is DOGE

By orbix • Publish in Crypto 101 • Nov 26,2024 • 4 min read

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What is DOGE

What is DOGE 

Memecoin is the digital currency that is created mainly as a joke. The first ever Memecoin begins with Dogecoin (DOGE) which present as the token with Shiba Inu dog logo, inspired by the Shiba Inu that sit cross legs turning eyes to camera which go viral on the internet. The main purpose of DOGE is to be a joke, parody of Bitcoin, with use used and value at all. 

Founder 

Dogecoin was developed by Billy Markus and Jackson Palmer in 2013. Billy Markus is a software engineer from IBM and operates as developer of DOGE, and Jackson Palmer, with experience of being product manager at Adobe Inc. create official website of DOGE. 

Why DOGE 

Dogecoin developed to be easy to use with less complexity than other tokens at developed time, can be used to trade Peer to Peer on network. Dogecoin can create 1 block per minute with Scrypt Proof of Work consensus and Dogecoin can be mine unlimited. 

Dogecoin with main purpose is being joke token continue to be trade at high volume due to strong back up from community. Especially Elon Musk, founder of Space X and CEO of X (Twitter), who posts positively about DOGE a few times which lead to mass awareness of the token. The token is so well received that almost every exchange platform has to list DOGE as one of the tokens for trade. 

DOGE Utility 

As Meme Coin, DOGE has to actual usage, but currently there are some industries allowing consumers to use DOGE to pay for real work products and services. 

DOGE Roadmap 

DOGE is well received and accepted that can be used to pay for products and services on Tesla, even though it is still limited. With the love and support on the token, there may be more utility of DOGE both online and offline in the future. 

Disclaimer: Token involve high risks; investors may lose all investment money and should study information carefully and make investments according to own risk profile. 

#DOGE #Dogecoin #orbix