What is Dogecoin?

Dogecoin (DOGE) is a peer-to-peer cryptocurrency that was created in 2013 by software engineers Billy Markus and Jackson Palmer. The cryptocurrency is named after the popular "Doge" internet meme featuring a Shiba Inu dog. Initially created as a joke or a "fun currency," Dogecoin has since gained a large and enthusiastic community of users and investors.

Dogecoin is based on the same technology as Bitcoin and Litecoin, but with some key differences. It has a faster block time of one minute, which means that transactions can be confirmed more quickly. Dogecoin also has no maximum supply, meaning that new coins are continually being created through mining. Additionally, Dogecoin has a relatively low value per coin, making it more accessible for individuals to purchase and hold large amounts of the cryptocurrency.

Dogecoin has gained significant attention and popularity in recent years, largely due to celebrity endorsements and social media buzz. In early 2021, the price of Dogecoin saw a massive surge in value, driven in part by tweets from billionaire entrepreneur Elon Musk. While Dogecoin's price has been highly volatile and subject to large fluctuations, its community of supporters and investors remains passionate and committed to the cryptocurrency.

The article does not constitute financial advice.

Start with crypto today

Sign up on NBX, a trusted Norwegian cryptocurrency exchange and custodian, and kickstart your crypto journey safely.
Crypto 101
Explore the most popular crypto terms and find answers to your questions.

What is the ERC20 standard?

Read

What is Lightning Network?

Read

Can you buy 10$ worth of Bitcoin?

Read

Who owns the most Bitcoin?

Read

How much bitcoin is left to mine?

Read

What is Bitcoin mining and Proof-of-Work?

Read

What is a Private Key?

Read

What are the most common scams in cryptocurrency?

Read

What is spot trading?

Read
Blog

Insights, Trends, Analysis

Unraveling the cryptocurrency industry revolution.
#crypto101

How to Evaluate Cryptocurrency Projects

Learn how to analyze crypto projects: assess utility, tech, tokenomics, team, community, and partnerships to make smarter investment choices.
5 minutes
2025-03-31
#crypto101

How to Start Investing in Cryptocurrencies (Part 2)

Learn how to build your crypto investment strategy, choose the right profile, and manage risks with NBX. (part 2)
5 minutes
2025-03-31
#crypto101

How to start investing in cryptocurrencies (part1)

New to crypto? Learn how to start with wallets, exchanges, and safe investing basics in this NBX beginner's guide. (part 1)
5 minutes
2025-03-31
Cookie Consent

By clicking “Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.