Name : Dogecoin (DOGE)
DOGE Price : $0.152 -1.08%
Consensus Mechanism : Proof of Work
Volume: 1,541,134,642
Market Cap: 21,945,390,117
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Last Screening: Q3 2023
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Overview
Dogecoin is a community-driven cryptocurrency originally inspired by a meme featuring the Shiba Inu dog. Its open-source nature allows anyone to participate in its development, and it operates on the Scrypt hashing method for Proof of Work, similar to Bitcoin. Initially created as a meme coin, Dogecoin has evolved rapidly, gaining recognition as a legitimate and neutral digital asset used for daily transactions. It acts as a store of value, and its development process is publicly visible, encouraging contributions from individuals with technical expertise.
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