What is Dogecoin?
Dogecoin is a cryptocurrency featuring a likeness of the Shiba Inu dog
from the "Doge" Internet meme as its logo. It was introduced on
December 8, 2013 gaining traction as an Internet tipping system.
Dogecoin and Litecoin
Dogecoin's implementation differs from Litecoin by several parameters.
Dogecoin's block time is 1 minute as opposed to Litecoin
Tipping and fundraising
The Dogecoin community and foundation have encouraged fundraising for
charities and other notable causes. Social media users grant Dogecoin
tips to other users for providing interesting or noteworthy content.
Amount of coins
Dogecoin has a fast initial coin production schedule: there will be
approximately 100 billion coins in circulation by the end of 2014 with
an additional 5.2 billion coins every year thereafter.
Unlike deflationary cryptocurrencies (like Bitcoin
), there is no limit
to how many Dogecoins can be produced. This puts Dogecoin in the same
league as other inflationary coins.