What is Dogecoin?
Dogecoin (DOGE), read Dogecoin or Dog Coin, can be considered a “clone” of Bitcoin running PoW (Proof of Work) or mining. decentralized Dogecoin is now widely used in many countries around the world, it was developed on the basis of Litecoin (LTC). Meme (meme) that is like a photo parody. “A shiba looking up from the tail,” inspired by the American comedy series “Homestar Runner.”
Dogecoin was created by a programmer named Billy Markus, an IBM software engineer. Billy initially wanted to create a funny, friendly, accessible digital currency. Dogecoin was launched on December 8, 2013, which Having an initial coin generation rate faster than any other cryptocurrency, the Dogecoin network is designed to generate 100 billion dogecoins in total. But it was later announced that the Dogecoin network was going to create the coin. It is said to be “unlimited” because it wants the crypto to be like any other currency currently in use, or “Fiat Currency,” a government-owned paper money bill. There is no limit on the number of banknotes that will be created as well.
In 2014, the Dogecoin community and association raised funds for charity. It has raised $50,000 in funding for the Jamaican Bobsled Team, a team qualified enough to compete in the Sochi Winter Olympics, a four-year Olympic winter sport, but the Jamaican Bobsled Team. There is not enough money to participate in the competition. And two days after the donation opened, more than $30,000 worth of dogecoins were donated in exchange rates between Dogecoin/Bitcoin Up 50%
and small charity fundraising that was successful at that time This led the Dogecoin Association, then led by Eric Nakagawa, to open donations for a drinking water well in the Tana River, Kenya, and in partnership with Charity: water, a non-profit organization, used the technology. help in managing water resources The goal is to receive a donation of $40,000,000 Dogecoin, or about $30,000 at the time.
If the current value of the day is worth nearly ten billion, World Water Day (corresponds to March 22nd) makes the fundraising successful as planned. More than 14,000,000 (~$11,000) of Dogecoin (~$11,000) has been donated by anonymous donors in the news, dubbed “The most valuable tweet in history” by the news. The most valuable in history
Why is it interesting? Because Elon backed it up?
According to The Tie, Dogecoin is the most tweeted cryptocurrency on record, accounting for 58% of all cryptocurrencies mentioned on Twitter. And one of the key influencers who helped fuel this trend is Elon Musk (CEO of Tesla and SpaceX), who goes by the name @elonmusk, who has 46 million followers. Always about the DOGE coin, Elon once tweeted that “Dogecoin is the people’s crypto.” DOGE is everyone’s electronic currency.
If you count the growth of Dogecoin from late 2020 to April 2021, Dogecoin price has risen around 5,000%, which is a significant growth. The current market value of DOGE is $8,820,734,032 or about 322,733,029,728 baht, ranked 10th on Coingecko and has a circulating supply at 132,670,764,299 DOGE
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