Dogecoin is an open source cryptocurrency based on an Internet meme involving a Shiba Inu, a Japanese dog breed. Created in 2013 by Jackson Palmer and Billy Markus, Dogecoin uses the same underlying technology as Litecoin. Like Litecoin, it uses proof-of-work for network security and mining, and the scrypt algorithm. Although originally created to satirize the early cryptocurrency culture and community, Dogecoin has survived and, by some measures, thrived until the present.
The current price of Dogecoin is $0.1533 US dollars. This price is down -6.35% from yesterday