Dogecoin

Dogecoin (DOGE) is an open-source digital currency inspired by the "Doge" meme. Engineers Billy Markus and Jackson Palmer launched it in 2013 as a parody. It works as a peer-to-peer currency for fast payments and online tipping.

The project had no public sale and no venture capital funding. Volunteers and the Dogecoin Foundation oversee it, and no formal company stands behind it. Its value rests on a global community.

The network descends from LuckyCoin, which was itself derived from Litecoin. It uses proof of work with the Scrypt algorithm, and a block is produced every 60 seconds. Merged mining lets miners secure Dogecoin alongside other Scrypt chains such as Litecoin.

Its supply has no cap, and new coins are issued continuously to keep fees low. In March 2026, the SEC and CFTC jointly issued a framework that placed Dogecoin in the same category as gold or oil.