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What is Dogecoin, and how does it work? What happened when a joke became more popular than bitcoin?

How did it all begin?

Dogecoin was developed as a joke by a pair of software engineers on December 6, 2013.

Billy Markus, an IBM programmer from Portland, Oregon, wanted to set his crypto apart from bitcoin, which was shrouded in mystery with an unknown founder and drew only a small, specialized community of miners the time. According to Chohan, Markus wanted his cryptocurrency to be open to the general public.

Markus sought assistance in realizing his strange dream and came across Jackson Palmer, an Adobe employee (ADBE). Palmer bought the domain, a play on the “doge” meme circulating at the time. Shiba Inu mascot is the first picture on the website, emulating the meme that inspired it, which features the same dog surrounded by broken English Comic Sans text.

“Dogecoin is an open source peer-to-peer digital currency, beloved by Shiba Inus worldwide,” says the website’s mascot.

What do you think?

Written by Winston


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