Tag: Dogecoin

Dogecoin (DOGE) is an open-source cryptocurrency based on the mechanism of Litecoin and Bitcoin. Named after the Internet meme Doge. It was introduced on December 8, 2013. It is characterized by high transaction speed and low fees. The average block creation time for Dogecoin is 1 minute (for Bitcoin it is 10 minutes, for Litecoin – 2.5 minutes). It is considered the first “meme cryptocurrency”. Despite its satirical nature, Dogecoin quickly developed an online community and is currently being actively implemented in the field of online payments.