Examples of Dogecoin
Examples of Dogecoin
Where does Dogecoin come from?
Dogecoin features the image of a Shiba Inu dog named Kabosu giving a curious sidelong glance. This picture is often referred to as the doge meme, popular online in the early 2010s. The meme displays a picture of Kabosu’s famed expression along with short, ungrammatical captions in Comic Sans.
— Anna Fagre (@annafagre) June 14, 2018
Dogecoin is a digital currency like Bitcoin and other cryptocurrencies called altcoins (hence the -coin in dogecoin). It’s open-source, peer-to-peer, and decentralized. Dogecoin is accepted at some online retailers and can be sent to people anonymously through social media.
Dogecoin first emerged in 2013 as a satirical tweet by Jackson Palmer, an Adobe Systems marketer, during the height of the doge meme’s popularity. After being encouraged by friends to make the Dogecoin joke a reality, he teamed up with programmer Billy Markus, who wanted to create a form of currency more accessible and marketable than bitcoin.
The new cryptocurrency exploded in popularity, by 2014 becoming the fifth largest cryptocurrency in use. Just a few short months after its inception, “Dogecon,” a convention for Dogecoin enthusiasts, was held in San Francisco.
Who uses Dogecoin?
As with the original doge meme, the pronunciation of Dogecoin is up for debate. According to Dogecoin cofounder Jackson Palmer, the correct pronunciation is “dohj-coin,” based on how it was pronounced in the Homestar Runner skit that inspired the doge meme’s name.
The correct symbol for Dogecoin currency is either Ð or D. For example, “Tammy has Ð300.” Its abbreviation for conversions is XDG, so it could be said that “2,100 in XDG is equivalent to ___ in USD,” with the blank number depending on current conversion rates. While some cryptocurrencies such as Bitcoin enjoy a high conversion rate to popular mainstream currencies, Dogecoin is so far worth much less in its exchange rate.
The Dogecoin community has used the currency to raise charity donations of up to $30,000 for causes such as sending service dogs to families with children.
Though Dogecoin has since gone down in value considerably, it has enjoyed a popularity rarely earned by cryptocurrencies.
— Economia Digital (@Economia_Na_Web) November 4, 2018