Dogecoin price today's market price is /coin。

What Is Dogecoin?

Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

How Do You Mine Dogecoin?

Dogecoin differs from Bitcoin's proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin has also a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined. You can mine Dogecoin either solo, or by joining a mining pool. A Doge miner can mine the digital currency on Windows, Mac or Linux, and with a GPU. As of 2014, you can also mine Litecoin in the same process of mining Dogecoin, as the processes were merged.

What Can Dogecoin Be Used For?

Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. You can get tipped Dogecoin by participating in a community that uses the digital currency, or you can get your Dogecoin from a Dogecoin faucet. A Dogecoin faucet is a website that will give you a small amount of Dogecoin for free as an introduction to the currency, so that you can begin interacting in Dogecoin communities.

How Can You Buy Dogecoin?

You can sell or buy Dogecoin at any exchange that offers the digital currency, store it on an exchange or in a Dogecoin wallet, and tip Dogecoin in any communities that accept Dogecoin. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab.

Elon Musk and Dogecoin

The success of Dogecoin is closely intertwined with Elon Musk's passion for it. Musk began tweeting about Dogecoin in early 2021, sharing a Lion King DOGE meme. That kickstarted a furious DOGE rally — with temporary dips — that culminated in Musk's appearance on Saturday Night Live.

After the SNL appearance, DOGE crashed despite Musk's promises to moon its price. In the following months, Musk seemed to lose interest, and the price of DOGE has tumbled over 70% from its all-time high. However, Musk still wields power over Dogecoin, as occasional tweets indicate.

Dogecoin Foundation and Board of Advisors

In 2014, a not-for-profit foundation was formed by members of the Dogecoin team to provide support, advocacy, trademark protection and governance for the cryptocurrency project. However, the foundation was dissolved over time.

After several years of being inactive, the foundation was relaunched in 2021 with a “renewed focus on supporting the Dogecoin Ecosystem, community and promoting the future of the Dogecoin Blockchain.” In addition to some of the original core team, the project now has some seasoned industry players as part of its board of advisors.

According to the foundation’s website, members of the board will meet monthly to discuss issues relating to Dogecoin.

In regards to its advisors, the group is made up of Dogecoin founder Billy Markus, the project’s core developer Max Keller, Ethereum founder Vitalik Buterin and Elon Musk as represented by the head of the Musk’s family office, Jared Birchall.

Members of the Board of Advisors will function in various capacities. While Keller will serve as the project’s technical advisor, Markus will be in charge of the community and memes. Meanwhile, Buterin will function as the blockchain and crypto advisor for the foundation, and Birchall will represent Elon Musk as legal and financial advisor.

As a first assignment, the Board of Advisors will be working to secure three-year funding that would allow it to employ a small, dedicated staff to work on Dogecoin full-time. Up until now, the work on the ecosystem has been done by volunteers.

What Is Dogecoin’s Libdogecoin?

Weeks after the release of Dogecoin Core version 1.14.6, core developer Michi Lumin announced the launch of Libdogecoin, a C-library of the network’s building blocks.

Libdogecoin would allow developers to build Dogecoin-compliant products “without needing to worry about the deeper specifics of the crypto functions.” This means that less technical members can easily design products that comply with Dogecoin standards.

Since the update is a pure library, it will not provide a “runnable” node facility. However, Libdogecoin will support multiple languages, including Python, Node.js and Ruby.

Companies That Accept Dogecoin

Due to its low transaction fees and constant patronage from Elon Musk, a number of traditional companies have moved to make Dogecoin a payment option.

Here’s a list of some companies that currently accept Dogecoin payments:

Tesla、AMC Theaters、GameStop、airBaltic、Dallas Mavericks、EasyDNS、Newegg、Twitch.

    Dogecoin trading platform

1. OKEx Exchange: the exchange with the largest number of "big players" in the digital currency market and virtual currency

OKEx, as the exchange with the largest number of large players in the currency market, is also the first to open contract trading among the three major exchanges, and it is still gradually aligning with the contract position during development. In the past, 2020 was called the contract year, and the OKEx exchange also took advantage of the momentum to launch many contract games. OKex’s contracts are famous for their high multiples and small flat shares, attracting a large number of contract players, and the market viscosity is extremely high. If things go on like this, OKEx will become the direction mark of the currency contract.

2. Huobi Exchange: the exchange with the most "retail investors" in the currency market

According to relevant data analysis, Huobi Exchange can basically be said to be the exchange with the largest number of digital currency retail investors in the currency market. As a veteran exchange established in 2013, Huobi still has many loyal fans. Moreover, in all fairness, Huobi has successfully captured the requirements of most retail investors, and most of them have achieved deep-level best in terms of "spot buying currency" and "spot market".

3. Coinbase (USA): the exchange with the highest level of internationalization

Coinbase is the world's largest digital currency exchange. As of December 31, 2020, Coinbase's encrypted currency transaction volume was 193 billion US dollars, an increase of 141.7% over 2019, with a compound growth rate of 258%, accounting for 11.1% of the total market share. Financial data for the first quarter of 2021, of which the total revenue is about 1.8 billion US dollars, an increase of over 844% year-on-year

4. BitMEX (Hong Kong, China)

BitMEX buys and sells Bitcoin and other digital currency contracts, reaching 100 times leverage. Fast implementation, low cost, complete functions, and flexible transactions.

5. ZB (ZB)

ZB is a global data currency exchange. It has obtained the exchange license plates of Thailand and Dubai. The operation team has 4 years of experience in the blockchain field. The company's employees are located in China, the United States, Thailand, South Korea, Canada, Dubai and other places. . There are many currencies, suitable for computers and mobile phones, convenient registration, suitable for RMB; in addition, ZB has acquired a two-letter com domain name, which shows that it has certain economic strength.

6. Bitfinex

Bitfinex is one of the largest bitcoin trading platforms in the world. It is suitable for the trading of digital currencies such as Ethereum, Bitcoin, and Ethereum. The daily transaction volume reaches more than 3 billion RMB, and it is suitable for information currency transactions of US dollars and yuan online recharge. It is also one of the most frequently stolen Bitcoin trading centers. Trading pairs: 175 my country: Hong Kong Trading volume (24h): 8,997,430 Applicable: spot futures.

7.Gate.io

Gate.io is the former Bitcoin foreign data currency exchange, headquartered in Hong Kong, China. Since the announcement of the c2cRMB online recharge method on the gate.io platform in 2017, the transaction volume has soared. It is currently a popular digital currency trading platform for Chinese customers' fiat currency transactions, and supports fixed investment funds, loans, and 100-fold leverage contracts. Trading pairs: 292 my country: Hong Kong Trading volume (24h): ?7,272,210 Applicable: currency spot futures.

8.Coinbase

Coinbase is the first bitcoin exchange in the UK with a reliable license plate. In 2018, it was approved by the US government (SEC and FINRA) to issue the total license plate for trading securities and currencies! Coinbase is one of the most well-known digital currency exchanges in the world! Trading pairs: 4 my country: UK trading volume (24h): ?454,980 Applicable: spot market.

9. MXC Matcha Exchange

MXC (Uji Matcha) trading market is a digital currency trading platform dedicated to the communication and exchange of blockchain technology assets. MXC provides customers with blockchain asset circulation services such as coins, loans, contracts, financial investment, etc., mainly including Bitcoin (BTC), Ethereum (ETH), and other virtual currency markets. Trading pairs: 197 my country: Malaysia Trading volume (24h): ?6,074,440 Applicable: currency spot market.

10. AOFEX

AOFEX is located in London, and its Asian headquarter is located in Malaysia. It is the world's leading security digital currency service platform. It has obtained the UK MSB data currency transaction license plate and the Malaysian MAS service project exemption. AOFEX has always adhered to the value concept of "customer first, honesty, friendliness and reliability, technological innovation and tolerance, and cooperation". Persevere in the corporate mission of "becoming a well-known digital financial investment platform and providing services for 10 million investors and qualified investors".

The above is the detailed content of Dogecoin price today, the latest news of Dogecoin, and the value of Dogecoin. I hope it will be helpful to you!