creator of dogecoin | BTCC Knowledge

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What is Dogecoin based on?

Markus created dogecoin, based on the Doge shiba inu meme, in “about two hours” in 2013 as a parody of the better-known cryptocurrency bitcoin; the “absurdity of Dog Money,” as he puts it, is by design. But investors aren’t in it strictly for the memes, he says.

Will Dogecoin go up or down?

DOGE remains a highly volatile cryptocurrency, however, and like any investment there is no guarantee that it will go up or down in the future. Where did Dogecoin come from? Dogecoin was launched as a joke in late 2013 by software developers Billy Marcus and Jackson Palmer, friends from Reddit who had never met offline.

Why is Dogecoin a satirical cryptocurrency?

Dogecoin.com promotes the currency as the "fun and friendly Internet currency", referencing its origins as a "joke". Software engineers Billy Markus and Jackson Palmer launched the satirical cryptocurrency as a way to make fun of Bitcoin and the many other cryptocurrencies boasting grand plans to take over the world.

What makes Dogecoin funny?

Part of what made Dogecoin funny is that it was (and is) a full-fledged cryptocurrency, with its own blockchain and a mining system similar to the one used by Litecoin. Historically low prices (for much of its life you could get DOGE for fractions of a penny) and abundance have recently made it attractive for speculators hoping its value will soar.