Why is Doge coin called Dogecoin?

For the uninitiated, Dogecoin is named in honor of Doge, a character based on a picture of a shiba inu that has been passed around the internet since 2010. Doge is often used online as a mascot for good-natured wonder, and the coin inspired by the canine’s image tends to represent a similar point of view.

What is Dogecoin & how does it work?

Dogecoin is an open-source cryptocurrency established in 2013 by Jackson Palmer and Billy Markus. Dogecoin features a Shiba Inu, a Japanese breed of dog, as its logo. It is based on Litecoin and uses the same proof-of-work technology.

Is Dogecoin a Litecoin?

Dogecoin features a Shiba Inu, a Japanese breed of dog, as its logo. It is based on Litecoin and uses the same proof-of-work technology. Dogecoin has a loyal community of supporters who trade it and use it as a tipping currency for social media content. Dogecoin began as a whim but quickly gained a following.

Is Dogecoin a deflationary numismatic instrument?

“Dogecoin is not so much an alternative deflationary numismatic instrument as it is an inflationary leisured exploration of community-building around a cryptoasset,” wrote Usman Chohan, economist at the University of New South Wales Business School, in a paper updated in February about the digital currency. How did it start?