Dogecoin, which started as a parody cryptocurrency, has now broken the $1 bln market cap showing how far virtual currencies have come since Bitcoin’s inception in 2009. Four years after the was mined, programmer coded his very own cryptocurrency in 2013.

With the help of Jackson Palmer, a product manager and data analyst at Adobe, was brought to life, meme and all. Taking up the popular internet meme of the Shiba Inu dog, the creator envisioned the cryptocurrency to be a friendly online payment system, although its rise in popularity may not have been intended. Nevertheless, in the space of five years, Dogecoin has grown into its own vibrant community of users. Over time, Dogecoin has become popular as a ‘tipping system’ among its users - as stated on the website: One of the most popular uses for Dogecoin is 'tipping' fellow internet-goers who create or share great content.

Think of it as a more meaningful 'like' or upvote, with real value that can be used all across the internet. The cryptocurrency has no limit on the amount of coins that can be created by mining. At the time of writing, there are over 112 bln Dogecoins in circulation. While a single Dogecoin is worth no more than $0.01, a single cent, the total market capitalization is now over $1. What Is A DigiByte DGB Mining Rig here. 19 bln - amounting to 72,423 Bitcoin.

Pop-culture coin Much like is known for its bold artwork, Dogecoin took up an Internet meme as its ‘mascot’ of sorts. The word ‘doge’ is a popular internet term for a dog, which started out as a simple misspelling of the word in a TV series back in 2005.

As explains, the term doge was married with the picture of a Shiba Inu dog on Reddit back in 2010, leading it to become one of the most well-known internet memes. Its association with a cryptocurrency came about in 2014 and the rest is history - although Doge and its various memes would have provided constant internet joys with or without a virtual currency. Charitable community The Dogecoin community is also well known for its charitable endeavors. In 2013, Dogecoin wallet platform Dogewallet was hacked and millions of coins were stolen. In the aftermath, the Dogecoin community started a fundraising effort known as, which eventually raised the same amount of Dogecoin stolen in the hack just a month after the cyber theft. The community has also raised funds for Olympic athletes, water projects in Kenya as well as. Twitter buzz Cypherpunk Jameson Lopp gave the cryptocurrency a shoutout on Twitter:.

Created as a joke, but at this point the joke's on him. Very billion!

— Jameson Lopp (@lopp) Another user celebrated Dogecoin’s rise in value, pointing out that it was worth more than the Japanese Yen. Dogecoin is worth more than the japanese yen now, what a time to be alive — Wolfborg (@Wolfborg13) Follow us.

Best GameCredits GAME Miner For The Money. Doge will break 1c or maybe even 2c in some. As the mining has already dead and it. If this continues then here is the price prediction of dogecoin) 2018.

README.md Dogecoin Core [DOGE, Ð] ========================== What is Dogecoin? – Such coin Dogecoin is a cryptocurrency like Bitcoin, although it does not use SHA256 as its proof of work (POW). Taking development cues from Tenebrix and Litecoin, Dogecoin currently employs a simplified variant of scrypt.

License – Much license Dogecoin is released under the terms of the MIT license. See for more information or see. Development and contributions – omg developers Development is ongoing, and the development team, as well as other volunteers, can freely work in their own trees and submit pull requests when features or bug fixes are ready. Version strategy Version numbers are following major.minor.patch semantics. Branches There are 3 types of branches in this repository: • master: Stable, contains the latest version of the latest major.minor release.

• maintenance: Stable, contains the latest version of previous releases, which are still under active maintenance. Format: -maint • development: Unstable, contains new code for planned releases. Format: -dev Master and maintenance branches are exclusively mutable by release. Planned releases will always have a development branch and pull requests should be submitted against those.

Maintenance branches are there for bug fixes only, please submit new features against the development branch with the highest version. Very Much Frequently Asked Questions How much doge can exist? – So many puppies! Early 2015 (approximately a year and a half after release) there will be approximately 100,000,000,000 coins. Each subsequent block will grant 10,000 coins to encourage miners to continue to secure the network and make up for lost wallets on hard drives/phones/lost encryption passwords/etc. How to get doge?

– To the moon! Dogecoin uses a simplified variant of the scrypt key derivation function as its proof of work with a target time of one minute per block and difficulty readjustment after every block. The block rewards are fixed and halve every 100,000 blocks. Starting with the 600,000th block, a permanent reward of 10,000 Dogecoin per block will be paid. Originally, a different payout scheme was envisioned with block rewards being determined by taking the maximum reward as per the block schedule and applying the result of a Mersenne Twister pseudo-random number generator to arrive at a number between 0 and the maximum reward. This was changed, starting with block 145,000, to prevent large pools from gaming the system and mining only high reward blocks. At the same time, the difficulty retargeting was also changed from four hours to once per block (every minute), implementing an algorithm courtesy of the DigiByte Coin development team, to lessen the impact of sudden increases and decreases of network hashing rate.