So, hey guys welcome to our another new blog today we discuss Dogecoin what is it and who made it what is the history of dogecoin (cryptocurrency), well Dogecoin actually made by coincidence for fun but now it hold a big place in the market let's know more about that
Meaning of Doge-:
Doge is a web meme that became popular in 2013. The meme typically consists of an image of a Shiba Inu a Japanese female dog accompanied by multicolored text in Comic Sans font within the foreground Online searches for the meme began to extend in July 2013.[9] In August 2013, images of the meme were spammed on Reddit's In December 2013, Dogecoin was introduced as a replacement cryptocurrency, making it the primary cryptocurrency to be supported as a web meme.
Shiba Inu Japanese dog
Developer of Dogecoin-:
Jackson plamer
Dogecoin was created by IBM computer programmer Billy Markus, from Portland, Oregon, and Adobe computer programmer Jackson Palmer, palmer was a member of the Adobe Systems marketing department in Sydney. Palmer had purchased the domain Dogecoin.com and added a splash screen, which featured the coin's logo and scattered Comic Sans text When Mark saw the location created by Palmer, he together with Palmer developed the coin by giving his full effort. Mark designed Dogecoin in a very way just like the recently famous currency like Litcoin Lukycoin, he designed Dogecoin as a base.
Billy markus
Launched-:
Dogecoin was officially launched on December 6, 2013, and within the primary 30 days there have been over 1,000,000 visitors to Dogecoin.com, they wanted to distance it from the controversial history of other coins.
Success history-:
On December 19, 2013, Dogecoin reached nearly 300 percent in value in 72 hours, rising from US$0.00026 to $0.00095
Three days later, Dogecoin experienced its first major crash by dropping by 80% thanks to this event and to large mining pools exploiting the tiny amount of computing power required at the time to mine Dogecoin.
On December 25, 2013, the primary major theft of Dogecoin occurred when many coins were stolen during a programme the web cryptocurrency wallet platform Dogewallet. The hacker gained access to the platform's filesystem and modified its send/receive page to send any and every one coin to a static address. This hacking incident spiked tweets about Dogecoin, making it the foremost mentioned altcoin on Twitter at the time, although it absolutely was in relevance a negative event. to assist people who lost funds on Dogewallet after its breach, the Dogecoin community started an initiative named "SaveDogemas" to assist donate coins to people who had them stolen. Approximately one month later, enough money was donated to hide all of the coins that were stolen.
In January 2014, the trading volume of Dogecoin briefly surpassed that of Bitcoin and everyone other crypto-currencies combined, however, its market capitalization remained substantially behind that of Bitcoin. Initially, Dogecoin featured a randomized reward that's received for every mining block, however, in March 2014 this behavior was later updated to a static block reward.
In July 2020, the value of Dogecoin spiked following
On May 8, 2021, despite, or perhaps due to expectations of a surge in interest in Dogecoin resulting from Elon Musk's appearance on Saturday Night Live, Dogecoin dropped 34% from $.711 at the opening of the show to below $.470 45 minutes later. By the subsequent morning, Dogecoin hit a swing low of $0.401, a cumulative drop of 43.6%, and a lost value of $35 billion.
On May 9, 2021, SpaceX announced a rideshare mission to the Moon completely funded by Dogecoin, thus becoming the primary space mission funded by a cryptocurrency. Elon Musk confirmed this news via Twitter.
DOGE-1 is going to be a minor 40kg rideshare payload on Intuitive Machines' IM-1 mission in Q1 2022.TikTokok trend planning to get the coin's price to $1
Fundraising-:
The Dogecoin community and foundation have encouraged fundraising for charities and other notable causes. On Robert E Lee Day, 2014, a fundraiser was established by the Dogecoin community to boost $50,000 for the Jamaican Bobsled Team, which had qualified for, but couldn't afford to travel to, the Sochi Winter Olympics. By the second day, $36,000 worth of Dogecoin was donated and therefore the Dogecoin to bitcoin rate of exchange rose by 50%.
Inspired by the Olympic Games fundraiser and smaller charity fundraising successes, the Dogecoin Foundation, led by Eric Nakagawa, began collecting donations to create a well within the Tana basin in Kenya in cooperation with Charity: Water. They were taken off to boost a complete of 40,000,000 ($30,000 at the time) Dogecoin before World Water Day (March 22). The campaign succeeded, collecting donations from quite 4,000 donors, including one anonymous benefactor who donated 14,000,000 Dogecoin (approx. $11,000).
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