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Dogecoin is a cryptocurrency that started as a lighthearted joke in 2013, inspired by the popular “Doge” meme featuring a Shiba Inu dog. Despite its humorous origins, Dogecoin has become a legitimate digital currency with a strong online community and widespread recognition.
Unlike Bitcoin, which has a capped supply, Dogecoin has an unlimited supply, making it an inflationary cryptocurrency. Transactions with Dogecoin are fast and cost-effective, making it ideal for microtransactions, tipping content creators, and charitable donations.
While it doesn’t rely on the same level of crypto mining power as Bitcoin, Dogecoin is mined using a similar proof-of-work system, often in conjunction with Litecoin mining due to their shared algorithm. Over the years, Dogecoin has gained popularity thanks to its community-driven approach and support from high-profile figures in the tech world.
