noun | dȯj - kȯin – A cryptocurrency, originally created by computer programmers Billy Marus and Jackson Palmer, to parody other cryptocurrencies. The Dogecoin, with the ticker symbol of “DOGE,” features a Shiba Inu dog, from the “Doge” Internet meme, as its logo. Dogecoin differs from most other cryptocurrencies in that it is inflationary, rather than deflationary. Deflationary cryptocurrencies, such as Bitcoin, have a hard cap on the number of coins to be produced. An inflationary currency, such as Dogecoin, may allot for perpetual production (i.e., Dogecoin production is capped at about five billion coins per year). Critics argue that inflationary cryptocurrencies destroy value, due to perceived unlimited supply, whereas proponents believe inflationary cryptocurrencies have better long-term utility – as it discourages factors such as hoarding – and provides a predictable and steady currency supply. Elon Musk had Tweeted that Dogecoin might be considered his “favorite cryptocurrency” and agreed that a ‘Mars economy will run on crypto.’
by William Zafra Velasco January 3, 2021
noun | dȯj - kȯin – A cryptocurrency, created by computer programmers Billy Marus and Jackson Palmer in 2013, to parody other cryptocurrencies. The Dogecoin, with the ticker symbol of “DOGE,” features a Shiba Inu dog, from the “Doge” Internet meme, as its logo. Dogecoin differs from most other cryptocurrencies in that it is inflationary, rather than deflationary. Deflationary cryptocurrencies, such as Bitcoin, have a hard cap on the number of coins to be produced. An inflationary currency, such as Dogecoin, may allot for perpetual production (i.e. Dogecoin production is capped at about five billion coins per year). Critics argue that inflationary cryptocurrencies destroy value, due to a perceived unlimited supply, whereas proponents believe inflationary cryptocurrencies have better long-term utility – as it discourages factors such as hoarding – and provides a predictable and steady currency supply. Elon Musk had Tweeted that Dogecoin might be considered his “favorite cryptocurrency” and agreed that a ‘Mars economy will run on crypto.’
by William Zafra Velasco January 3, 2021
An online decentralized cryptocurrency which was originally created as a joke. Similar to Litecoin, Dogecoin uses the hashing algorithm, Scrypt.
by ryancflam April 10, 2016
by TheDogeDaily February 24, 2021
by car_fucker March 11, 2021
by DD4VKHmrdTbF38HTsiLTqD3QU58AXE March 5, 2021
by RoundedColt8 June 26, 2014