Dogecoin is a community-driven cryptocurrency with a mascot inspired by the Shiba Inu meme. Dogecoin Core software allows anyone to run nodes in the Dogecoin blockchain network for proof of work using the Scrypt hash function. Dogecoin code is adapted from bitcoin core and Litecoin.

Dogecoin's vision is to create a cryptocurrency that people can use widely, rather than for speculation, and to improve on bitcoin's shortcomings.

Dogecoin, also known as Dogecoin, was originally just a joke of the founder Billy Markus. In his spare time studying other cryptocurrencies, he happened to see a picture of shiba Inu terrier, so he joked that he wanted to create this currency. However, due to its pronunciation and image of token, it is funny, as a humble gesture to the service provider to donate or bow down. It received a lot of feedback on Reddit and was founded by rewriting the original litecoin code.

As dogecoin's hash power has been getting lower and lower for 14 years, the developers of Dogecoin decided to use AuxPoW to mine dogecoin and Litecoin. Technically, all Scrypt coins that are more difficult than Dogecoin will be mined together, but only Litecoin will have the right to set the standards. AuxPoW is definitely a simple solution to the Dogecoin 51% attack. After some deliberation, the developers decided to switch dogecoin to AuxPoW, which combined with Litecoin mining. Therefore, the computing power of Dogecoin rose from 60G to nearly 1T, helping mining to solve the biggest security problem of dogecoin.

Token name: DOGE Token issuance: 100 billion in the first year, with an annual increase of 5 billion dogecoin without upper limit. After 20 years, the annual increase of 2.5%.

Dogecoin is mainly used as a token for online tipping due to its large number, low price and rapid transfer. Today, dogecoin has gradually become a tipping currency on Reddit, a US community forum. Dogecoin has become more widely used, more popular, and more valuable.

1. Mining income: Cooperation between Dogecoin and Litecoin can realize the reward of dogecoin while mining litecoin; 2. Getting tips: Users can get dogecoin tips by joining the Dogecoin community and providing services to other users.

1. Speed and cost: Dogecoin transactions are fast and transaction costs are low, which are necessary conditions for wide application. 2. Unlimited supply: Initially, dogecoin was capped at 100 billion coins, but this was later changed to unlimited supply. This will keep prices relatively stable. 3. Community: The core of Dogecoin is its active community. The more than 300,000 members of the R/Dogecoin subreddit are known for their friendliness and enthusiasm. 4. Charity: It is well known that the Dogecoin community is keen on charity. They raised more than $25,000 in dogecoin to help the cash-strapped Jamaican bobsled team compete in the 2014 Olympics. They also work with water charities to raise money to improve Kenya's clean water supply.

As a derivative of Litecoin, Dogecoin follows the Scrypt algorithm. However, to avoid competition and reduce security risks, dogecoin developers have switched to a co-mining model, in which litecoin miners earn dogecoin as they mine.

1. Firstly, the biggest selling point of Dogecoin is the people's currency: the first is the real decentralization. 2, the number of users: to see a thing flow is not popular, the most direct way is to look at the number of users and heat, the second ethereum coin circle is not as hot as dogecoin users, its mass base is very strong. Another is the low price, many retail investors like to buy. 3. Musk shout out: Tesla CEO Elon Musk is known to be a staunch supporter of Dogecoin. 4. Entertainment: Because the dogecoin icon and the shiba inu picture are interesting and humorous. 5. Tipping Culture: In tipping culture America, this kind of thing is easy to identify with. But bitcoin is too expensive, so Dogecoin, which is cheaper, is popular.

Dogecoin was born on December 8, 2013. It is a virtual currency inherited from Litecoin and launched by Billy Markus, an engineer of IBM. The symbol of the currency is a Doge. It was originally created by Billy Markus as a proof and demonstration of how to improve bitcoin, but soon became popular in the e-currency community. There are three possible reasons for dogecoin's global popularity: tipping culture, charity culture and cuteness culture. Shiba Keno refers to SHIB tokens, nicknamed the Dogecoin Killer. It was the community's first token, allowing users to hold hundreds of millions or even trillions of tokens. Shibs are ERC-20 tokens that can stay below a penny. The total issuance is 1,000 trillion, more than all the major currencies currently issued combined. Shiba Inu coins have the advantage of being smaller in scale and having more room for appreciation. The downside is that the Shiba inu coin is less than two years old, not enough to prove its true value. If the downturn continues, investors will lose interest in shiba coins and move to safer cryptocurrencies. Dogecoin, on the other hand, has survived multiple crashes, a testament to investors' interest in it. Dogecoin, backed by big names like Mark Cuban and Elon Musk, has managed to establish itself in the top 100 cryptocurrencies. Dogecoin seems to be a less risky investment than shiba.

Although Dogecoin is an asset that grew out of Internet memes, it has built a loyal community of users. Six years later, it's still worth hundreds of millions of dollars. It is unclear whether the market views Dogecoin as an emerging currency, a viable financial asset, or something in between. But few cryptocurrencies have had as big an impact as Dogecoin simply by virtue of its place in the emoji world.

1. Limited applications Unlike Bitcoin, Ethereum, Ripple and other cryptocurrencies, which can be used for payments and transactions, Dogecoin has the least real-world utility. Dogecoin has been around since 2013, and so far only 1,300 mostly unremarkable global businesses accept dogecoin payments and tips. 2, continuous dilution Dogecoin is a decentralized network that uses proof of work as a means of verifying transactions. Cryptocurrency miners are rewarded with 10,000 dogecoin blocks for solving complex equations to validate transaction blocks. A block reward is issued every minute, which means 600,000 new dogecoins per hour and 14.4 million new dogecoins per day. About 5.26 billion dogecoins are added each year. Also, it's important to note that dogecoin has no upper limit. 3. Strong speculative Dogecoin doesn't have a real catalyst to drive prices higher. Its price is driven by constant hype from Elon Musk's tweets and his loyal Reddit community. Musk's Saturday Night Live performance on May 8 was one of the biggest catalysts. Many expect dogecoin prices to rise after his appearance. But dogecoin actually hit a record high of $0.78 on May 8, just before Elon Musk joined SNL, and has been in a correction ever since. 4. Transaction costs Dogecoin enthusiasts have highlighted the low costs incurred by dogecoin transactions compared to Bitcoin and Ethereum. However, these costs are still far from minimum cost. Cryptocurrencies such as Tron, XRP, EOS, BCH and LTC can process transactions on their networks at a much lower cost than Dogecoin. 5. Big whales Musk calls Dogecoin the people's currency. But the reality is that a few wallets control a lot of dogecoin. Twenty-eight percent of the dogecoin total is held in the wallet of one large whale. Half of the total circulation is held in 13 wallets. Two-thirds of the total circulation is held in 104 wallets. If dogecoin's whales start cashing in gains, there will undoubtedly be significant selling pressure for Dogecoin.

Dogecoin's popularity abroad is inseparable from the prevailing tipping culture. On the whole, dogecoin has been successful, with a large number of users, good liquidity and wide application scenarios. Even though the original creators left the project years ago, Dogecoin continues to top the list, all thanks to a thriving and passionate dogecoin community. Recently, dogecoin has many hot spots, and the price of dogecoin has been pulled up rapidly, attracting more attention in China.