Dogecoin* History, Features of cryptocurrency

Dogecoin (DOGE) is a Litecoin-based cryptocurrency. Named after the Internet meme Doge. It was introduced on December 8, 2013. Unlike other cryptocurrencies, Dogecoin has a fairly fast initial mining period. At the end of 2014, there were 98 billion DOGE in circulation. The prospects for further mining of Dogecoin are subject to change. As of May 7, 2021, DOGE 129.5 billion was in circulation, with a market capitalization approaching $ 80 billion. The average time to create a Dogecoin block is 1 minute (for Bitcoin it is 10 minutes, for Litecoin it is 2.5 minutes).

Dogecoin was created by Portland-based programmer Billy Markus and Adobe software engineer Jackson Palmer. They wanted to create a cryptocurrency that would be closer to a larger demographic, as well as distance themselves from the history of Bitcoin, in particular related to the sale of drugs.

Dogecoin was officially launched on December 6, 2013, and within the first 30 days, over a million people visited the project site.

Dogecoin was based on the existing cryptocurrency Luckycoin, which in turn was based on Litecoin, which is based on Bitcoin. As in Luckycoin, the size of the reward for each block in Dogecoin was set randomly. In March 2014, this provision was changed and the amount of the award became fixed. Initially, it was thought that the size of the issue would be 100 billion DOGE, but later it was announced that the issue would be fixed for each block, but the total amount is unlimited.

On May 9, 2021, SpaceX announced a joint mission to the moon, fully funded by Dogecoin, which was the first cryptocurrency-funded space mission. Elon Musk confirmed the news on Twitter. DOGE-1 will be a non-essential 40kg payload for the Intuitive Machines IM-1 mission in the first quarter of 2022.