The Origin of Dogecoin

Dogecoin (DOGE) is a crypto asset that was born as a joke on December 6, 2013. Two software engineers, Jackson Palmer of Adobe and Billy Markus of IBM, created Dogecoin as a parody of the crypto industry that they took too seriously and speculatively.

They used the famous Shiba Inu dog logo as an internet meme "doge" to describe their funny and entertaining crypto.

Dogecoin: Internet Meme Phenomenon

The "doge" meme was one of the most popular internet phenomena in 2013. This meme features a photo of a Shiba Inu dog with a cute expression and colorful text in the Comic Sans font depicting the dog's mind with incorrect English grammar. This meme has gone viral and is used for various purposes, from humor to politics.

History of Dogecoin and Shiba Inu Dogs

The Shiba Inu dog that inspired memes and Dogecoin is Kabosu, a female adopted by a Japanese kindergarten teacher named Atsuko Sato in 2008. Sato rescues Kabosu from a dog factory that is closed due to animal cruelty. Sato then shared photos of Kabosu on blogs and social media, which were later turned into memes by internet users.

Early Development of Dogecoin

Dogecoin had a rough time at the beginning of its launch. On December 25, 2013, just weeks after its release, an online wallet site called Dogewallet was hacked and around 21 million Dogecoin was stolen. However, the Dogecoin community did not give up and raised funds to compensate the victims. This incident shows the solidarity and strong spirit of the Dogecoin community.

Technical and Fundamental Features

Dogecoin is a crypto asset based on blockchain technology, which is a decentralized, open, and secure transaction recording system. Dogecoin comes from Litecoin, which is an offshoot of Bitcoin, the world's first and largest crypto asset. Dogecoin uses the Scrypt algorithm to secure its network and generate new coins.

Comparison with Bitcoin

Dogecoin has some differences with Bitcoin, which makes it faster, cheaper, and easier to use. Dogecoin has a shorter block creation time, which is one minute, compared to ten minutes for Bitcoin. This means Dogecoin transactions are confirmed faster and fees are lower. Dogecoin also has no supply limit, which means the number of coins that can be mined is unlimited. This is in contrast to Bitcoin, which only has 21 million coins that can be mined.

Factors Affecting Dogecoin's Value

Dogecoin's value is influenced by a variety of factors, both internal and external. Internal factors include supply and demand, mining activities, technical development, and community support. External factors include market conditions, news, trends, and celebrity and media endorsements.

Support from Celebrities and the Community

One of the most influential factors on Dogecoin's value is the endorsement from celebrities and the media. Some notable figures who have voiced their support for Dogecoin are Elon Musk, CEO of Tesla and SpaceX, Snoop Dogg, rapper and entrepreneur, and Gene Simmons, frontman of rock band Kiss. They often write tweets or posts about Dogecoin, which makes the price of the coin soar every time. In addition, the media also pays great attention to Dogecoin, whether in the form of news, articles, podcasts, or videos.

Conclusion

Dogecoin is a unique and interesting crypto asset, which has a history, features, and value factors that are different from other crypto assets. Dogecoin was born as a joke, but it has grown to become one of the most popular and well-known crypto assets in the world, thanks to the support of the community, celebrities, and media. Dogecoin also has the potential to be a practical and enjoyable means of payment, although it was not originally intended for that purpose.

Cara Beli DOGE di Bittime

Kamu bisa beli dan jual token DOGE dengan cara yang mudah dan aman melalui Bittime. Bittime adalah satu aplikasi kripto terbaik di Indonesia yang sudah resmi terdaftar Bappbeti. DOGE tersedia di Bittime dengan pairing DOGE IDR.

Untuk bisa beli token DOGE/IDR di Bittime, pastikan kamu telah melakukan registrasi dan menyelesaikan verifikasi identitas. Selain itu, pastikan juga kalau kamu punya saldo yang cukup dengan melakukan deposit sejumlah dana ke wallet. Sekadar informasi, minimal pembelian aset Bittime adalah Rp10.000. Setelah itu, barulah kamu bisa melakukan pembelian DOGE di aplikasi. Panduan Lengkap Cara Beli DOGE di Bittime.

Pantau pergerakan grafik harga Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) dan kripto lainnya untuk mengetahui tren crypto market hari ini secara real-time di Bittime.

Baca Juga:

Mengenal Internet Memes dan Hubungannya dengan Kripto

Dogecoin (DOGE): Pengertian, Sejarah, dan Cara Kerjanya

Paus Dogecoin (DOGE) Pindahkan 332,9 Juta DOGE ke Binance

DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.