Dogecoin (DOGE): what you need to knowDogecoin (DOGE): what you need to know

Dogecoin is a cryptocurrency launched in 2013 as a joke, based on the popular Shiba Inu "Doge" meme. What started as a parody of Bitcoin grew into a serious cryptocurrency with a large and active community. Dogecoin is often used for micropayments, tipping on social media and charitable causes.

Whitepaper: https://www.lcx.com/doge-mica-white-paper/

Dogecoin uses a Proof-of-Work (PoW) consensus mechanism based on the Scrypt algorithm. Mining can be combined with Litecoin (merged mining), allowing more efficient validation. Unlike Bitcoin, Dogecoin has no fixed maximum supply, so new coins are continuously generated.

• Ticker: DOGE

• Category: Memecoin / Payment Coin

• Blockchain: Dogecoin

• Protocol: Proof of Work (Scrypt)

• Year of launch: 2013

Dogecoin is a fork of Litecoin and uses the Scrypt algorithm for mining. The network offers fast transactions with blocks generated every minute. Thanks to its low transaction fees, Dogecoin is suitable for small payments and tipping.

The Dogecoin ecosystem is driven mainly by its community. The coin is accepted by various online shops and platforms, and has received a lot of exposure through tweets from public figures, including Elon Musk. The network is maintained by volunteer developers and the Dogecoin Foundation.

Dogecoin was created in 2013 by Billy Markus, a software developer at IBM, and Jackson Palmer, a marketing manager at Adobe. They created Dogecoin as a light-hearted alternative to the already more serious crypto world. Both founders are no longer actively involved in the project.

BTC Direct has been the European entry point to crypto since 2013. We make buying Dogecoin straightforward, even if it is your first time:

• Trusted in Europe. BTC Direct is registered with the Dutch Central Bank (DNB) and operates under MiCA, the EU regulation for crypto.

• Familiar payment methods. Pay with iDEAL, Bancontact, Sofort, SEPA bank transfer, credit card, PayPal or Apple Pay. Your DOGE is on its way within minutes.

• Your coins, your control. We do not store your DOGE. After your purchase, your coins are sent straight to your own wallet address.

• Based in the Netherlands, serving all of Europe. Our experts are based in the Netherlands and answer in your language across the SEPA zone. Need help? We are here.

• Start with a small amount. From just €30. The minimum varies per coin.

Ready to buy your first DOGE?

Buy Dogecoin now

Click here for more information about the impact on the environment by this specific coin.

More questions about Dogecoin or BTC Direct? Visit our help center for more answers.

For more technical information about Dogecoin, visit the official website.

Cryptocurrencies, including Dogecoin (DOGE), are volatile and carry risks. The value of DOGE can fluctuate greatly and investments can lead to financial losses. Always do your own research and only invest money that you are willing to lose.

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