What is Dogecoin?

Dogecoin is an open-source peer-to-peer meme-cryptocurrency. Dogecoin was created in 2014 as a fork of Litecoin. Initially, cryptocurrency was presented as a joke. Later, Dogecoin began to be used for charitable purposes, for example, on Reddit, you could thank the user for creating interesting content by sending a small amount in Dogecoin. In 2020, thanks to a viral video on TikTok, the coin became very popular. Adding new blocks to the Dogecoin blockchain is based on Proof-of-Work algorithms.