Cryptocurrencies are a new form of asset, virtual in nature and issued by no central entity but an algorithm-based protocol. Investing in crypto can be a daunting process, with several coins, concepts & new terminologies to delve into.
Dogecoin was created by software engineers Billy Markus & Jackson Palmer who created the blockchain featuring a payment network and a currency as a joke to make fun of the wild speculations on cryptocurrencies taking place at the time.
Dogecoin (DOGE) is currently a top ten cryptocurrencies by market capitalization. Since the start of the ‘Doge’ hype in the beginning of 2020, trading the cryptocurrency has become quite liquid and is available from most exchanges.
Even though Dogecoin is a distant Bitcoin fork with several major differences in its source code, mining Dogecoin works similar to mining Bitcoin. Dogecoin is issued and released by the protocol in a pre-programed way.