1. Project Name

Dogecoin (DOGE)

2. Project Introduction

Dogecoin was developed by Jackson Palmer and Billy Markus in 2013, when altcoins were becoming increasingly popular among cryptocurrency speculators, so they decided to mock them.
Dogecoin was originally a type of "meme coin" used to mock the hot trend of New Mountain Village Coin entering the market. Initially, Dogecoin had almost no value and was used as a tip, thanks to users on social media and online forums such as Reddit.
One noteworthy aspect of Dogecoin is that it borrows the scrypt based Proof of Work (PoW) consensus algorithm used by the now defunct Luckycoin, which borrows most of Litecoin's technology.
The PoW mechanism uses a computer network running software to create consensus. This allows anyone with an effective computing device and Internet connection to become a verifier on the dogcoin network. As an exchange, validators will receive additional Dogecoin as mining rewards. The PoW mechanism also ensures that Dogecoin provides fast transactions and low fees, which helps to gain favor among cryptocurrency enthusiasts.
The Dogecoin community is well-known, with members calling themselves "Shibe". Nowadays, Dogecoin can still be used to pay tips to online creators. Although not frequently used, it can also be used for e-commerce as users can use Dogecoin to purchase goods and services at specific merchants.
The maximum supply of Dogecoin is 100 billion DOGE, but the upper limit has been lifted, so its supply is basically unlimited.

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.