Is Dogecoin a cryptocurrency?

Dogecoin is a cryptocurrency, like Bitcoin or Ethereum—although it’s a very different animal than either of these popular coins. Dogecoin was originally created at least in part as a lighthearted joke for crypto enthusiasts, and took its name from a once-popular meme. What Is Dogecoin?

Is Dogecoin based on a dog meme?

Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin. How Do You Mine Dogecoin?

Is Doge a meme or a pet?

Memes and pets are two of the best things on the internet, so when those two things combined in the form of Doge dog memes in 2010, Doge became an overnight sensation and is still well known years later. Now, with the popularity around Dogecoin, a new form of cryptocurrency, the dog and meme have gotten new attention.

Is Dogecoin Elon Musk's favorite coin?

Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin. How Do You Mine Dogecoin? Dogecoin differs from Bitcoin's proof-of-work protocol in several ways, one of which is by using Scrypt technology.