Originally published by The Tampa Tribune, tbo is now among the portfolio of brands powered by the Tampa Bay Times. Block reward As of February 2018, the current block reward is about 10000 Dogecoins. Circulating supply As of February 2018, over 113 billion coins had been mined. Shiba Inu dog from the “Doge” Internet meme as its logo.
Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5. 256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined. Dogecoin was created by programmer Billy Markus from Portland, Oregon, who hoped to create a fun cryptocurrency that could reach a broader demographic than Bitcoin. In addition, he wanted to distance it from the controversial history of other coins. After receiving several mentions on Twitter, Palmer purchased the domain dogecoin.
Markus saw the site linked in an IRC chat room, and started efforts to create the currency after reaching out to Palmer. 00095, with a volume of billions of Dogecoins per day. On December 25, 2013, the first major theft of Dogecoin occurred when millions of coins were stolen during a hack on the online cryptocurrency wallet platform Dogewallet. The Dogecoin community and foundation have encouraged fundraising for charities and other notable causes. Inspired by the Winter Olympics fundraiser and smaller charity fundraising successes, the Dogecoin Foundation, led by Eric Nakagawa, began collecting donations to build a well in the Tana river basin in Kenya in cooperation with Charity: Water. On March 25, 2014, the Dogecoin community successfully raised 67. Trading physical, tangible items in exchange for DOGE takes place on online communities such as Reddit and Twitter, where users frequently share currency-related information.
The first Dogecoin ATM was demoed at Coinfest in Vancouver in February 2014. Two Bitcoin ATMs supporting Dogecoins and other altcoins opened in Tijuana, Mexico on March 17, 2014. Dogecoin has also been used to try to sell a house, and has been used in the pornography and poker industries. Dogetipbot was a cryptocurrency transaction service used on popular sites like Reddit and Twitch. DogeAPI was a popular early digital wallet for Dogecoins. It was sold in August 2014 to the blockchain API developer Block. Over the years, many different tipping services have been created.
Dogecoin’s implementation differs from Litecoin by several parameters. Dogecoin’s block time is 1 minute as opposed to Litecoin’s 2. Several cases of using employer or university computers to mine Dogecoin have been discovered. Unlike deflationary cryptocurrencies which have a limit on the number of coins that can be produced, there is no limit to how many Dogecoins can be produced, which makes it an inflationary coin. Dogecoin was initially to have a limit of 100 billion coins, which would already have been far more coins than the top digital currencies were allowing.
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