Dogecoin

About Dogecoin

Dogecoin is an open-source digital currency based on the "Doge" meme that functions as a peer-to-peer medium for fast payments and digital tipping. Its value is driven by a global community, and the project is managed by a decentralized group of volunteers and the non-profit Dogecoin Foundation. Originally created in 2013 by software engineers Billy Markus and Jackson Palmer as a market parody, the network operates as a fork of LuckyCoin (itself a fork of Litecoin) using a proof of work consensus mechanism with the Scrypt algorithm. New blocks are processed every 60 seconds, and it features merged mining with other Scrypt-based networks. Dogecoin has an uncapped supply, adding new coins forever to keep fees low. In March 2026, a joint SEC and CFTC framework classified Dogecoin as a digital commodity.

• Dogecoin was created in 2013 as a parody of the cryptocurrency market, based on the popular 'Doge' meme.
• It uses the Scrypt algorithm and features merged mining, allowing miners to secure Dogecoin simultaneously with other Scrypt-based networks like Litecoin.
• Dogecoin has an uncapped supply, meaning new coins are added forever, unlike Bitcoin's fixed supply.
• In March 2026, a joint SEC and CFTC framework officially classified Dogecoin as a digital commodity, placing it in the same asset category as gold or oil.
• The project is managed by a decentralized group of volunteers and the non-profit Dogecoin Foundation, with no formal company behind it.