Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency that was launched in December 2013. It is considered an altcoin and features a Shiba Inu dog as its logo. Dogecoin's blockchain technology is derived from Litecoin, using the Scrypt algorithm. Notable for its low price and unlimited supply, Dogecoin was created by Jackson Palmer and Billy Markus as a light-hearted alternative to traditional cryptocurrencies, initially as a joke to satirize the hype surrounding digital currencies.
Despite its humorous origins, Dogecoin has gained popularity and a loyal community, being used for tipping content creators on social media platforms and accepted by various businesses like Elon Musk's SpaceX and the Dallas Mavericks. Dogecoin can be traded on various cryptocurrency exchanges like Coinbase, Binance, and Kraken, and it has a market capitalization that has reached billions of dollars.