Dogecoin is a meme turned business. Much like other cryptocurrencies, Dogecoin can be mined and traded with a value to the virtual coin. This crypto coin has a more interesting story behind it than most would expect.
Dogecoin (an open-source cryptocurrency) was started in December 2013 by Jackson Palmer and Billy Markus. Originally it started off as a joke based on the doge meme which featured a Shiba Inu (A Japanese dog breed.). Even though it was made as a joke Dogecoin’s blockchain is still noteworthy. Doge coin was based on Litecoin another cryptocurrency that has the same technology behind its proof of work. This common technology uses a script algorithm and unlimited supply as a basis for the company.
Jackson Palmer had initially been a product manager at the Sydney, Australia office of adobe inc; meanwhile, in Portland Oregon, Billy Markus was a software developer at IBM. Billy had wanted to create a digital currency but could not find an efficient way to promote his efforts, that was until he discovered the dogecoin buzz. Markus contacted Palmer to get permission to build the software that is now used for the real Dogecoin. On December 6, 2013, Dogecoin was launched. Just two weeks later the value of Dogecoin climbed 300%. The reason for this was probably due to a Chinese ban on its banks investing in cryptocurrency.
There is more to Dogecoin than just the meme genuinely good things have been done with it. First, in January 2014, the community donated 27 million Dogecoins worth approximately 30,000 dollars’ worth of dogecoin to fund the Jamaican bobsled team’s trip to the Sochi Winter Olympic games. The community also donated 11,000 dollars’ worth of dogecoin to build a well in Kenya and 55,000 dollars’ worth of dogecoin to sponsor NASCAR driver Josh Wise.
This coin has quite a history despite being so young it has changed the atmosphere of cryptocurrency forever. In honor of that, we are launching our own version of Dogecoin. just like the real Dogecoin, these hold almost no value, and are meant for entertainment only! In fact, we have no official connection with digital Dogecoin, we just really love their concept! Buying one of these unofficial replicas is like buying a piece of history from the time when a meme became mainstream became money.