Dogecoin is an open source crypto currency inspired by Bitcoin, and based on the 'doge' internet meme. Which can be found here,

  • Abbreviation: DOGE
  • Start: December 6th, 2013
  • Type: PoW Scrypt
  • Max Coins: 100 billion coins
  • Rate Of Block: About a minuet
  • Random Blocks?: Yes
  • Fork of: Litecoin
  • Algorithm: Scrypt
  • RPC Port: 22555
  • Official Site:

Creation And History

Dogecoin was created by computer programmer, and former IBM engineer Billy Markus. Markus was originally trying to tinker with an existing crypto currency of Markus' called “Bells” when he created the Dogecoin. Markus hoped that the coin would attract more investors since it does not have a negative view like Bitcoin and Silkroad. Jackson Palmer, a worker for a marketing department for Adobe Systems, and the original individual who first conceived of the idea for Dogecoin reach out to Markus. Palmer bought the domain, which was shown to Markus and quickly began the partnership between Markus and Palmer which led to launching the coin shortly after the development of Markus' Dogecoin wallet was done creation. Within weeks popularity of the coin increased and 6% of the 100 billion coins where already mined. Dogecoins popularity and value was rising at a constant rate. Then on December 22, Dogecoin experienced it experienced it's first major crash by dropping 80% due to large mining pools seizing opportunity in exploiting the little computing power required at the time to mine the coins. Markus based Dogecoin on the already existing currency Litecoin, which also uses a scrypt technology in its proof-of-work algorithm, meaning miners cannot take advantage of specialized Bitcoin-mining equipment to mine at higher speeds. However, the Dogecoin network will produce 100 billion Dogecoins, significantly more than the 84 million limit on the Litecoin network, or the 21 million on the Bitcoin network.


As of December 22, 2013, the baseline price was approximately 3,130 DOGE to 1 United States dollar.

Where To Spend And To Save

Dogecoin is featured on vircurex, and many people on reddit are willing to trade real world items for Dogecoin. is an online Dogecoin wallet similar to for Bitcoin, and is a great place to save the Dogecoins you mine or trade.


Please leave comments on this page as the coin grows!

Actually, it is on Vircurex!

Cryptocurrency | Currency

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