{"id":437644,"date":"2022-04-26T15:00:00","date_gmt":"2022-04-26T12:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/what-is-dogecoin\/"},"modified":"2022-04-26T15:00:00","modified_gmt":"2022-04-26T12:00:00","slug":"what-is-dogecoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/what-is-dogecoin\/","title":{"rendered":"#What Is Dogecoin?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2da06005cff\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2da06005cff\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/what-is-dogecoin\/#%E2%80%9CWhat_Is_Dogecoin%E2%80%9D\" >&#8220;What Is Dogecoin?&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/what-is-dogecoin\/#The_Beginning_of_Doge\" >The Beginning of Doge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/what-is-dogecoin\/#One_Small_Step_for_Man_One_Giant_Leap_for_Doge\" >One Small Step for Man, One Giant Leap for Doge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/what-is-dogecoin\/#Dogecoin_Remains_Relevant\" >Dogecoin Remains Relevant<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CWhat_Is_Dogecoin%E2%80%9D\"><\/span>&#8220;What Is Dogecoin?&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<figure style=\"width: 1200px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"type:primaryImage wp-image-800034 size-full\" data-pagespeed-lazy-srcset=\"https:\/\/www.howtogeek.com\/wp-content\/uploads\/2022\/04\/shutterstock_1992038288.png?width=398&amp;trim=1,1&amp;bg-color=000&amp;pad=1,1 400w, https:\/\/www.howtogeek.com\/wp-content\/uploads\/2022\/04\/shutterstock_1992038288.png?width=1198&amp;trim=1,1&amp;bg-color=000&amp;pad=1,1 1200w\" sizes=\"auto, 400w, 1200w\" data-pagespeed-lazy-src=\"https:\/\/www.howtogeek.com\/wp-content\/uploads\/2022\/04\/shutterstock_1992038288.png?width=1198&amp;trim=1,1&amp;bg-color=000&amp;pad=1,1\" alt=\"A dogecoin cryptocurrency token with a shiba inu face.\" width=\"1200\" height=\"675\" data-crediturl=\"https:\/\/www.shutterstock.com\/image-photo\/dogecoin-doge-cryptocurrency-means-payment-financial-1992038288\" data-credittext=\"surassawadee\/Shutterstock.com\" src=\"\/pagespeed_static\/1.JiBnMqyl6S.gif\" onload=\"pagespeed.lazyLoadImages.loadIfVisibleAndMaybeBeacon(this);\" onerror=\"this.onerror=null;pagespeed.lazyLoadImages.loadIfVisibleAndMaybeBeacon(this);\"\/><figcaption class=\"wp-caption-text\"><span class=\"type:primaryImage imagecredit\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.shutterstock.com\/image-photo\/dogecoin-doge-cryptocurrency-means-payment-financial-1992038288\">surassawadee\/Shutterstock.com<\/a><\/span><\/figcaption><\/figure>\n<p>The original memecoin, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dogecoin.com\/\">Dogecoin<\/a>, brought cryptocurrency into the mainstream <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> spotlight. Its rise in popularity is nothing short of historic. Here\u2019s where it came from and why everyone can\u2019t stop talking about it.<\/p>\n<h2 role=\"heading\" aria-level=\"2\"><span class=\"ez-toc-section\" id=\"The_Beginning_of_Doge\"><\/span>The Beginning of Doge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Dogecoin\u2019s journey from its inception has likely changed the world of money as we know it forever. Cryptocurrencies were gaining traction in the years preceding Dogecoin\u2019s fame. But when Dogecoin made it to everyone\u2019s social media feed, discussions of cryptocurrencies became commonplace. And that was exactly the goal of Dogecoin founders Billy Markus and Jackson Palmer.<\/p>\n<p>Dogecoin was created with the hope of making cryptocurrencies more accessible. Markus and Palmer believed that Bitcoin was obscure and difficult to utilize. They wanted to design a peer-to-peer currency that was shrouded in less mystery and not associated with dark web crime. To help gain notoriety, the 2013<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/en.wikipedia.org\/wiki\/Doge_(meme)\"> shiba inu \u201cdoge\u201d meme <\/a> that circulated around the internet was chosen as the logo to help gain notoriety with a wider audience.<\/p>\n<figure style=\"width: 500px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-800039 size-full\" data-pagespeed-lazy-src=\"https:\/\/www.howtogeek.com\/wp-content\/uploads\/2022\/04\/doge-meme-image.jpg?trim=1,1&amp;bg-color=000&amp;pad=1,1\" alt=\"An original doge meme image.\" width=\"500\" height=\"371\" data-credittext=\"Atsuko Sato (original photo)\" src=\"\/pagespeed_static\/1.JiBnMqyl6S.gif\" onload=\"pagespeed.lazyLoadImages.loadIfVisibleAndMaybeBeacon(this);\" onerror=\"this.onerror=null;pagespeed.lazyLoadImages.loadIfVisibleAndMaybeBeacon(this);\"\/><figcaption class=\"wp-caption-text\">One of the very first \u201cdoge\u201d meme images to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear online. <span class=\"imagecredit\">Atsuko Sato (original photo)<\/span><\/figcaption><\/figure>\n<h2 role=\"heading\" aria-level=\"2\"><span class=\"ez-toc-section\" id=\"One_Small_Step_for_Man_One_Giant_Leap_for_Doge\"><\/span>One Small Step for Man, One Giant Leap for Doge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Dogecoin has similarities to many other cryptocurrencies despite its memecoin status. It is secure and immutable. It uses a proof of work consensus mechanism. Dogecoin can be bought and sold on many exchanges just like other cryptocurrencies. It can even be used as payment for services and products. But it took a while before this status was achieved as the first memecoin to gain global attention.<\/p>\n<p><strong>RELATED:<\/strong> <strong><em>What Is a &#8220;Blockchain&#8221;?<\/em><\/strong><\/p>\n<p>Since 2013, Dogecoin has gained momentum and attention intermittently.\u00a0 During the later half of 2020, Dogecoin began trending on social media sites. At the time it was worth only $0.003. People began to buy Dogecoin in hopes of driving up the price. Well, it worked.<\/p>\n<p>Dogecoin catapulted into mainstream media in 2021. By mid-January, Dogecoin gained attention from a group of prominent celebrities and entrepreneurs. Most famously, Elon Musk endorsed Dogecoin on Twitter multiple times between 2020 and 2021. Thanks to widespread attention, by February of 2021 it hit a price of $0.08, a 2,500% increase.<\/p>\n<p>After a slight lull, the ascension continued into April when one of the most widely used cryptocurrency exchanges, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/redirect.viglink.com\/?key=204a528a336ede4177fff0d84a044482&amp;u=https%3A%2F%2Fwww.coinbase.com%2F\">Coinbase<\/a>, listed Dogecoin. This listing propelled Dogecoin to a new all-time high of $0.41. At one point during this rally, Dogecoin was the fifth-largest cryptocurrency by market cap. Even the widely used stock and cryptocurrency exchange <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/robinhood.c3me6x.net\/c\/156932\/1040459\/10402?subId1=htg&amp;subId2=799037&amp;sharedid=&amp;u=https%3A%2F%2Frobinhood.com%2Fus%2Fen%2F\">Robinhood<\/a> experienced an outage due to enormous amounts of traffic from people trading Dogecoin.<\/p>\n<p>The culmination of Dogecoin hysteria reached its peak when Elon Musk hosted <i>Saturday Night Live <\/i>in the first week of May 2021. In the lead-up to his appearance, Dogecoin skyrocketed to $0.72. From December 2020 to its peak in May 2021, Dogecoin rose nearly 24,000%.<\/p>\n<figure style=\"width: 650px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-800041\" data-pagespeed-lazy-src=\"https:\/\/www.howtogeek.com\/wp-content\/uploads\/2022\/04\/elon-doge.png?trim=1,1&amp;bg-color=000&amp;pad=1,1\" alt=\"An illustration of Elon Musk next to a doge coin.\" width=\"650\" height=\"366\" src=\"\/pagespeed_static\/1.JiBnMqyl6S.gif\" onload=\"pagespeed.lazyLoadImages.loadIfVisibleAndMaybeBeacon(this);\" onerror=\"this.onerror=null;pagespeed.lazyLoadImages.loadIfVisibleAndMaybeBeacon(this);\"\/><figcaption class=\"wp-caption-text\"><span class=\"imagecredit\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.shutterstock.com\/image-vector\/elon-musk-dogecoin-doge-cryptocurrency-shiba-2144122593\">KLYONA\/Shutterstock.com<\/a><\/span><\/figcaption><\/figure>\n<h2 role=\"heading\" aria-level=\"2\"><span class=\"ez-toc-section\" id=\"Dogecoin_Remains_Relevant\"><\/span>Dogecoin Remains Relevant<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Dogecoin may not have run out of steam just yet. Musk\u00a0announced in late 2021 that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tesla.com\/support\/dogecoin\">Tesla<\/a> would begin accepting the memecoin as an official form of payment for certain products. And he is not alone. Movie theater company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.amctheatres.com\/\">AMC<\/a> announced in April 2022 that movie-goers can now purchase tickets with Dogecoin. The number one live-streaming platform,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.twitch.tv\/\">Twitch<\/a>, allows users to pay in Dogecoin. In April 2022, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> of Musk placing a bid to purchase <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/\">Twitter<\/a> put the currency on the center stage again as rumors of integrating Dogecoin payments on the social media platform circulated.<\/p>\n<p>The future of Dogecoin remains controversial and up in the air. There are proponents that argue it is a legitimate form of currency. Some believe that it is a complete joke and possesses no intrinsic value.<\/p>\n<p>Considering that it still remains in the spotlight and is a personal favorite of one of the world\u2019s richest men, don\u2019t be surprised if it sticks around. Stranger things have happened because of the internet. Only time will tell if Dogecoin is here to stay or fades as a one-hit wonder.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><script>\n setTimeout(function(){\n  !function(f,b,e,v,n,t,s)\n  {if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n  n.callMethod.apply(n,arguments):n.queue.push(arguments)};\n  if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n  n.queue=[];t=b.createElement(e);t.async=!0;\n  t.src=v;s=b.getElementsByTagName(e)[0];\n  s.parentNode.insertBefore(t,s) } (window, document,'script',\n  'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n   fbq('init', '335401813750447');\n   fbq('track', 'PageView');\n  },3000);\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.howtogeek.com\/799037\/what-is-dogecoin\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;What Is Dogecoin?&#8221; surassawadee\/Shutterstock.com The original memecoin, Dogecoin, brought cryptocurrency into the mainstream media spotlight. Its rise in popularity is nothing short of historic. Here\u2019s where it came from and why everyone can\u2019t stop talking about it. The Beginning of Doge Dogecoin\u2019s journey from its inception has likely changed the world of money as we&#8230;<\/p>\n","protected":false},"author":1,"featured_media":437645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.howtogeek.com\/wp-content\/uploads\/2022\/04\/shutterstock_1992038288.png?height=200p&trim=2,2,2,2","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-437644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=437644"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/437645"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=437644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=437644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=437644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}