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Dogecoin is a blockchain-based cryptocurrency developed for the exchange of value between peers, without intermediaries.
It was created in 2013 by American programmer Billy Markus and Australian marketer Jackson Palmer. Dogecoin is a paradigmatic case of the encounter between fields of techno life as disparate as financial innovation crossed with digital humor.
Its symbol and mascot is a Shiba Inu (or Shiba Ken), a Japanese dog of the same breed that stars in two of the most memorable memes: that of the baffled dog, and that of the “strong dog” vs. the “weak dog”.
In practice, Dogecoin proved to be a reliable tool for transferring small amounts of value (in fact, it is inspired by Litecoin, rather than Bitcoin), and even despite its recent growth, it maintains a price per unit below 5 cents on the dollar.
Dogecoin is not run by any company or individual person. Technically speaking, it operates according to rules agreed upon by consensus, rather than being decided by some founding entity or owner.
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