Dogecoin (DOGE)<\/strong><\/a> is a memecoin inspired by the “Doge” meme which features a Shiba Inu dog. The Dogecoin token was based on another crypto asset called Litecoin which employs Scrypt technology next to the Proof-of-Work algorithm. <strong>Thus, the codebase of Dogecoin is essentially a fork of Litecoin.<\/strong><\/p>\r\n<p>The Dogecoin token also uses <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-scrypt/">Scrypt technology<\/strong><\/a> and takes various features from Litecoin including its hashing algorithm. The Scrypt algorithm is basically <strong>an alternative to Bitcoin's <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-sha-256/">SHA-256/a> mining algorithm.<\/strong> However, Scrypt mining differs in that it places a greater emphasis on memory than on pure CPU power in an effort to lessen the advantage that ASICs enjoy, while enhancing network participation and energy efficiency.<\/p>\r\n<p>Since Dogecoin has an inflationary supply, it means that an infinite amount of coins can be mined (roughly 5 billion additional tokens are mined each year). Dogecoin can be mined either by joining a mining pool or individually. <\/p>\r\n<p>The software that can be used for mining DOGE coins can either be Windows, Mac, or Linux. <strong>Though note that instead of mining, with Dogecoin it’s digging.<\/strong> This word was replaced to keep the whole concept of dogs and their urge to dig bones or anything else for that matter.<\/p>\r\n<p>Besides, there’s a <strong>Dogecoin Faucet<\/strong> that provides users with free DOGE coins. The Dogecoin Faucet is a website that gathers DOGE contributions from users and then redistributes those DOGE coins bit by bit to users who request free coins. The main goal of this system is to assist those who start only with a few or no Dogecoins by giving them some free ones. Coins can be requested every three hours.<\/p>\r\n<p>However, you can also acquire Dogecoins by trading or even simply by purchasing them. Though before buying, keep in mind that the Dogecoin price tends to fluctuate with the whole crypto market. If you’re interested in the fluctuation patterns of Dogecoin price, check out the DOGE price chart above.<\/p>\r\n<h2>The Story of Dogecoin<\/h2>\r\n<p><strong>Billy Markus and Jackson Palmer<\/strong> are the developers of Dogecoin. The idea of Dogecoin was initially born from Palmer’s tweet in which he combined crypto and Doge meme which were the two popular concepts on the internet at that time. Billy Markus, who is a developer and a gamer, materialized the idea in approximately three hours.<\/p>\r\n<p>Besides, the success of Dogecoin goes hand in hand with <strong>Elon Musk's<\/strong> <strong>enthusiasm for Dogecoin.<\/strong> Early in 2021, Elon Musk tweeted about Dogecoin and shared a DOGE meme featuring the Lion King. This, of course, immediately sparked people’s interest in Dogecoin. It even resulted in Musk talking about Dogecoin on Saturday Night Live.<\/p>\r\n<p>However, despite Musk's assurances that the DOGE price would skyrocket, the coin crashed a few months after Saturday Night Live. Following that, Musk started to lose interest in the token, which resulted in the DOGE price falling even further. Nevertheless, Musk still drops some tweets about DOGE from time to time and, overall, Dogecoin still remains at the top of the crypto market next to other much bigger projects.<\/p>\r\n<p>A non-profit <strong>Dogecoin Foundation<\/strong> was established in 2014 to offer governance, support, advocacy, and trademark protection for the Dogecoin crypto project. Though it stopped functioning as time passed.<\/p>\r\n<p>However, in 2021 it was relaunched. Its current priorities are to assist the Dogecoin ecosystem, community, and the development of the Dogecoin blockchain. The team behind Dogecoin Foundation consists of:<\/p>\r\n<ul>\r\n<li><strong>Billy Markus<\/strong> (the founder of Dogecoin) who is responsible for taking care of the community and releasing memes.<\/li>\r\n<li><strong>Max Keller<\/strong> (the developer of Dogecoin) who is the technical advisor of the Foundation.<\/li>\r\n<li><strong>Vitalik Buterin<\/strong> (the founder of Ethereum) who is the blockchain advisor of the Foundation.<\/li>\r\n<li><strong>Jared Birchall<\/strong> (the head of Elon Musk’s family office) who is the legal and financial advisor of Elon Musk.<\/li>\r\n<\/ul>\r\n<h2>The Usage of Dogecoin<\/h2>\r\n<p>DOGE tokens are mainly used as <strong>reward tokens on Twitter and Reddit. <\/strong>Essentially, users of these networks can get DOGE coins for publishing good-quality content. Users get tipped with DOGE coins by other users who like their content. Though in order to be eligible for DOGE rewards, you have to become a part of the Dogecoin community.<\/p>\r\n<p>Besides, since Dogecoin has really low transaction fees, <strong>it became pretty popular among <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin/a> holders.<\/strong> Instead of converting BTC to cash, holders can convert BTC to DOGE, and then to cash. With Bitcoin having far higher transaction fees than Dogecoin, this enables Bitcoin holders to dodge those fees.<\/p>\r\n<p>Additionally, don't forget to check out the Dogecoin price chart placed above to see the current (or the previous) DOGE price.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/dogecoin-doge-price","crypto_currency_info":{"id":4,"crypto_currency_id":88,"description":"Dogecoin (DOGE) is a cryptocurrency . Users are able to generate DOGE through the process of mining. Dogecoin has a current supply of 132,670,764,299.89409. The last known price of Dogecoin is 0.13541221 USD and is down -2.10 over the last 24 hours. It is currently trading on 459 active market(s) with $1,142,913,918.59 traded over the last 24 hours. More information can be found at http:\/\/dogecoin.com\/.","tags":"[\"mineable\",\"pow\",\"scrypt\",\"medium-of-exchange\",\"memes\",\"payments\",\"doggone-doggerel\",\"bnb-chain\"]","platform":null,"category":"coin","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/74.png","original_links":"{\"website\":[\"http:\\\/\\\/dogecoin.com\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/dogecoin\"],\"message_board\":[],\"chat\":[\"http:\\\/\\\/webchat.freenode.net\\\/?nick=Shibe..&channels=%23dogecoin&prompt=1\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/blockchair.com\\\/dogecoin\",\"http:\\\/\\\/dogechain.info\\\/chain\\\/Dogecoin\",\"https:\\\/\\\/doge.tokenview.com\",\"https:\\\/\\\/explorer.viabtc.com\\\/doge\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0xba2ae424d960c26247dd6c32edc70b295c744c43\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/dogecoin\"],\"technical_doc\":[\"https:\\\/\\\/github.com\\\/dogecoin\\\/dogecoin\\\/blob\\\/master\\\/README.md\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/dogecoin\\\/dogecoin\"],\"announcement\":[\"https:\\\/\\\/bitcointalk.org\\\/index.php?topic=361813.0\"]}","links":"{\"website\":{\"dogecoin.com\":\"http:\\\/\\\/dogecoin.com\\\/\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/dogecoin\",\"reddit.com\":\"https:\\\/\\\/reddit.com\\\/r\\\/dogecoin\"},\"explorer\":{\"blockchair.com\":\"https:\\\/\\\/blockchair.com\\\/dogecoin\",\"dogechain.info\":\"http:\\\/\\\/dogechain.info\\\/chain\\\/Dogecoin\",\"doge.tokenview.com\":\"https:\\\/\\\/doge.tokenview.com\",\"explorer.viabtc.com\":\"https:\\\/\\\/explorer.viabtc.com\\\/doge\",\"bscscan.com\":\"https:\\\/\\\/bscscan.com\\\/token\\\/0xba2ae424d960c26247dd6c32edc70b295c744c43\"},\"technical_doc\":\"https:\\\/\\\/github.com\\\/dogecoin\\\/dogecoin\\\/blob\\\/master\\\/README.md\",\"source_code\":\"https:\\\/\\\/github.com\\\/dogecoin\\\/dogecoin\"}","data":"{\"id\":74,\"name\":\"Dogecoin\",\"symbol\":\"DOGE\",\"category\":\"coin\",\"description\":\"Dogecoin (DOGE) is a cryptocurrency . Users are able to generate DOGE through the process of mining. Dogecoin has a current supply of 132,670,764,299.89409. The last known price of Dogecoin is 0.13541221 USD and is down -2.10 over the last 24 hours. It is currently trading on 459 active market(s) with $1,142,913,918.59 traded over the last 24 hours. More information can be found at http:\\\/\\\/dogecoin.com\\\/.\",\"slug\":\"dogecoin\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/74.png\",\"subreddit\":\"dogecoin\",\"notice\":\"\",\"tags\":[\"mineable\",\"pow\",\"scrypt\",\"medium-of-exchange\",\"memes\",\"payments\",\"doggone-doggerel\",\"bnb-chain\"],\"tag-names\":[\"Mineable\",\"PoW\",\"Scrypt\",\"Medium of Exchange\",\"Memes\",\"Payments\",\"Doggone Doggerel\",\"BNB Chain\"],\"tag-groups\":[\"OTHERS\",\"ALGORITHM\",\"ALGORITHM\",\"INDUSTRY\",\"INDUSTRY\",\"INDUSTRY\",\"CATEGORY\",\"PLATFORM\"],\"urls\":{\"website\":[\"http:\\\/\\\/dogecoin.com\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/dogecoin\"],\"message_board\":[],\"chat\":[\"http:\\\/\\\/webchat.freenode.net\\\/?nick=Shibe..&channels=%23dogecoin&prompt=1\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/blockchair.com\\\/dogecoin\",\"http:\\\/\\\/dogechain.info\\\/chain\\\/Dogecoin\",\"https:\\\/\\\/doge.tokenview.com\",\"https:\\\/\\\/explorer.viabtc.com\\\/doge\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0xba2ae424d960c26247dd6c32edc70b295c744c43\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/dogecoin\"],\"technical_doc\":[\"https:\\\/\\\/github.com\\\/dogecoin\\\/dogecoin\\\/blob\\\/master\\\/README.md\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/dogecoin\\\/dogecoin\"],\"announcement\":[\"https:\\\/\\\/bitcointalk.org\\\/index.php?topic=361813.0\"]},\"platform\":null,\"date_added\":\"2013-12-15T00:00:00.000Z\",\"twitter_username\":\"dogecoin\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"0xba2ae424d960c26247dd6c32edc70b295c744c43\",\"platform\":{\"name\":\"BNB Smart Chain (BEP20)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}}],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-03-25T14:20:16.000000Z","updated_at":"2023-05-18T14:34:11.000000Z"},"social_profile":{"id":87,"profilable_type":"CryptoCurrency","profilable_id":88,"twitter":"{\"name\":\"Dogecoin\",\"username\":\"@dogecoin\",\"follower_count\":3889562,\"following_count\":24,\"tweet_count\":1022,\"created_at\":\"2013-12-08 00:00:00\"}","reddit":"{\"hot\":[]}","github":"{\"stars\":14336,\"watchers\":848,\"forks\":2844,\"language\":\"C++\",\"license\":\"MIT License\",\"repo_name\":\"dogecoin\\\/dogecoin\",\"repo_link\":\"https:\\\/\\\/github.com\\\/dogecoin\\\/dogecoin\",\"public_repos\":9,\"bio\":null,\"type\":\"Organization\",\"username\":\"dogecoin\",\"user_link\":\"https:\\\/\\\/github.com\\\/dogecoin\",\"created_at\":\"2013-12-06 00:00:00\"}","telegram":null,"domain":"{\"domain_rating\":79,\"ahrefs_top\":17169,\"traffic\":0,\"website\":\"http:\\\/\\\/dogecoin.com\"}"},"buy_page":{"id":3,"crypto_currency_id":88,"button_link":"https:\/\/www.bitdegree.org\/crypto\/goon\/binance","slug":"dogecoin-doge","created_at":"2020-12-29T08:37:49.000000Z","updated_at":"2024-01-09T09:23:45.000000Z","content":"<h2>Where to Buy Dogecoin (DOGE)?<\/h2>\n<p>One of the top places for buying DOGE is <a href=https://www.bitdegree.org/"//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance<\/strong><\/a>. While there are many reasons why you should buy crypto on such reputable exchanges, among the main ones is the fact that they are known for their <strong>outlook on security<\/strong>.<\/p>\n<p>Besides that, Binance is a<strong> convenient place<\/strong> to buy DOGE because it supports over 50 different fiat currencies. Thus, whether you want to use USD, EUR, or any other popular fiat currency to buy Dogecoin, you’ll probably be able to do that on Binance.<\/p>\n<p>Lastly, Binance is one of the top places <strong>where to buy DOGE for beginners<\/strong>. This is the case because it provides users with a hassle-free process of doing that. You only have to complete three easy steps, and you’ll have your DOGE in no time.<\/p>\n<h3>What to Know About Dogecoin Before Buying It?<\/h3>\n<p>For one, Dogecoin takes a lot of features from <a href=https://www.bitdegree.org/"//crypto//buy-litecoin-ltc/">Litecoin/strong>/a>. For instance, it uses <strong>Scrypt and PoW for mining<\/strong>. Scrypt-based mining relies on CPU memory instead of pure CPU power. Speaking of mining, Dogecoin and Litecoin can be <strong>merged-mined<\/strong>.<\/p>\n<p>Additionally, note that Dogecoin is <strong>extremely volatile<\/strong> because it is held by many as a speculative investment. Besides,<span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;\"> DOGE is considered to be a suitable crypto asset for making <\/span><strong style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;\">micro-transactions<\/strong><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;\">.<\/span><\/p>","middle_cta_text":"Purchasing Dogecoin with fiat money might not be the easiest thing to do, mainly because of the nature of this cryptocurrency. However, anyone wanting to buy DOGE with debit card instantly should definitely do so, on a reliable exchange. Buying DOGE with fiat allows you to remain assured that the transaction is going to be very quick, and completely secure - this is especially so true if you were to deal with only the top-rated crypto exchanges on the market!","introduction":"Admittedly, people purchase cryptocurrencies for a wide variety of reasons. However, if you\u2019re looking to buy Dogecoin with a credit card instantly, you might be looking to support a good cause, or perhaps even invest in the crypto coin with the hopes of its price rising in some time.","reasons":{"titles":["A Thriving Community","A High-Volatility Investment","Learn About Blockchain Technology","Be a Part of the Change","What Can Dogecoin & Similar Altcoins Be Used For?"],"texts":["A big factor for why people want to buy Dogecoin with debit card or a credit card is simply because of the community behind the coin in question. It\u2019s very active and welcoming, and participates in multiple different charitable events - a great place to learn about blockchain technology, too!","Dogecoin is known for being very volatile - even more so than many other cryptocurrencies on the market! This does result in some heavy price swings, however, if you\u2019re looking to buy DOGE with a credit card, you might be able to buy low, and then sell back high!","One of the main goals of the Dogecoin community is to spread awareness about blockchain technology, in general, and help newcomers to the industry learn about crypto in a welcoming environment. If you\u2019re looking to learn about blockchains, buying DOGE with debit card can be a great jumpstart to your experience - definitely an aspect worth considering!","Dogecoin holders tend to participate in some charitable events, or even simply donate funds to the charities of their choice. While everything is done with a sense of the pop culture in mind, this is an amazing opportunity to educate the general public about the good that crypto enthusiasts can do - you can choose to buy Dogecoin with debit card instantly, and be a part of the change!","Dogecoin falls into a pretty interesting category of cryptocurrencies. Many individuals who are looking to buy Dogecoin with credit card are doing so in order to either donate to some charity or event, or to be able to say that they\u2019re part of the community. Dogecoin doesn\u2019t take itself too seriously!"]},"benefits":{"texts":["One of the reasons why you might want to buy DOGE with credit card is to <strong>trade this particular coin for another<\/strong>. DOGE does possess some interesting trading pairs (<em>depending on the exchange that you visit<\/em>), and can surely be used to buy (<em><a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">exchange/em>/a>) other cryptocurrencies, too! Depending on the market, it might actually be the financially-smart thing to do.","Are you a <em>hodler<\/em> by default? Do you view cryptocurrency investments as a long-term type of a deal? If that\u2019s the case, you can buy Dogecoin with credit card instantly, and then store it in <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-wallet/">a reliable and secure crypto wallet<\/a>. Doing so, you will be able to rest assured that your coins are <strong>completely safe<\/strong>, and will be waiting for you once you decide to sell or trade them.","Dogecoin is <strong>a joke cryptocurrency<\/strong> - that does not invalidate its purposes or value, though! On the contrary, DOGE has multiple purposes - one of them is to spend the cryptocurrency for some service or product! If you\u2019re lucky enough to find a place that would accept DOGE as default payment currency (<em>which is definitely possible!<\/em>), you could even get some great deals!","It is true that some people choose to buy Dogecoin with debit card simply because they want to send the cryptocurrency to their friends, family, or other people that they know. With DOGE being as popular among pop culture-savvy crypto enthusiasts as it is, that\u2019s definitely no wonder! Owning some Dogecoins, you\u2019ll be able to send it to <strong>anyone who has an appropriate wallet<\/strong> - no problem!","Among the more-popular uses for Dogecoin is <strong>selling it at the right point in time<\/strong>. Many individuals who decide to buy Dogecoin with debit card instantly are going to do so because they\u2019ve noticed a good price, and after their purchase, they might hold the coins for some time, waiting for the perfect time to sell and make a profit. It\u2019s surely a viable reason for buying DOGE!","Dogecoin is well-known for offering users and holders the chance to learn about <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency/">cryptocurrencies/a>, and blockchain technology, in general. If you would like to improve your knowledge even further, though, you should definitely look into <a href=https://www.bitdegree.org/"//crypto//tutorials/">our guides concerning the world of cryptocurrencies<\/a>! This way, you will learn a lot more about DOGE, and many other crypto-related topics, too."]},"faq":{"answers":["<a href=https://www.bitdegree.org/"//crypto//what-is-dogecoin/">Dogecoin/strong>/a> is an <a href=https://www.bitdegree.org/"//crypto//best-altcoins/">altcoin/strong>/a> - one of the <em>more-popular<\/em> cryptocurrencies on the market. While initially being created as <strong>a joke currency<\/strong>, DOGE has become a beloved token of the community, and is now used for <strong>various charitable events and other community-driven projects<\/strong>.","From a technology perspective, DOGE isn’t all that different from <strong>most<\/strong> <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency/">other cryptocurrencies on the market<\/strong><\/a> - this is actually a good thing to note for anyone who’s looking to buy DOGE with credit card instantly. However, DOGE doesn’t have <strong>a clear<\/strong>, <strong>super-serious purpose<\/strong> - it’s more of a joke-coin, and its usage depends on the general consensus of the community behind it, at that point in time.","The fact that DOGE is considered to be <strong>a community-driven project<\/strong> does offer a lot of strengths to the coin in question. For starters, there is <strong>a constant<\/strong>, <strong>albeit not major demand for DOGE on the market<\/strong> - the currency is <em>quite liquid<\/em>, and you should have no problems buying Dogecoin with debit card, or any other method. Dogecoin’s transactions are also <em>pretty fast<\/em>, which is an added benefit.","Dogecoin is most-commonly used to <strong>fund some charity or fundraiser-related events and projects<\/strong>. Since the community behind the cryptocurrency is <strong>very active<\/strong>, it decides on the next project that’s going to be <strong>funded and supported with DOGE<\/strong>. That said, some people buy Dogecoin with credit card simply in order to invest in it, and hopefully eventually <strong>make a profit<\/strong>.","The general sentiment among Dogecoin enthusiasts is that <strong>the coin certainly is worth purchasing and investing in<\/strong>. While DOGE’s volatility might not be <em>a very reassuring point<\/em>, it can actually be the factor that turns an investment into a profitable one, too! <em>Naturally, as you can imagine, there are multiple factors to keep in mind.<\/em>","The best way to invest in Dogecoin is to buy DOGE with <strong>credit card<\/strong>, <strong>debit card<\/strong>, or <strong>a wire transfer<\/strong>. While not all exchanges support these options, you should take the time and find <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">the ones that do<\/strong><\/a> - this will make your DOGE acquisition process <em>super-quick and effortless<\/em>, as well as <strong>safe and private<\/strong>."],"questions":["What is Dogecoin?","How does Dogecoin differ from other cryptocurrencies?","What are the main features of Dogecoin?","What can Dogecoin be used for?","Is Dogecoin worth buying?","What is the best way to buy Dogecoin?"]},"status":"published","url":"https:\/\/www.bitdegree.org\/crypto\/buy-dogecoin-doge"},"halving_page":null}"
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