Dogecoin (DOGE) Wallet

What is Dogecoin (DOGE)

Dogecoin is considered to be the first meme and “dog” coin on the crypto market. The token originated as a joke and was released by two developers, Billy Markus and Jackson Palmer. Since then Palmer has removed himself from the crypto industry and even spoke out against it. The project was released in 2013 and has highlighted the importance of community when it comes to cryptocurrency. Dogecoin proclaims itself as a “community-driven” project and to this day has an impressive community surrounding it. The Dogecoin network originated as a copy of Luckycoin, which no longer exists and itself was a fork of another blockchain, Litecoin. Dogecoin utilizes the Scrypt consensus mechanism, possesses a block time of one minute, and has an unlimited supply.

Dogecoin News

In September 2022, the team behind Dogecoin announced that the Dogecoin Foundation will be joining the wDoge DAO. wDoge is a wrapped token, in this case, it’s Dogecoin in Ethereum. The necessary DOGE-ETH bridge has been in the works since 2017 and no date is set for its release.

How to Buy Dogecoin

DOGE’s main use case is in online commerce. Dogecoin is widely used for tipping on social media platforms. However, to start using the asset you will need to purchase it first. DOGE can be found on most cryptocurrency exchanges and can even be found in some crypto wallets, including NOW Wallet. It is powered by ChangeNOW which searches for the best exchange rates at the moment of the transaction without any hidden fees. With NOW Wallet, you can purchase DOGE coins with a credit or debit card, and even store them.