According to DOGE’s website, “Dogecoin is an open source peer-to-peer digital currency, favored by Shiba Inus worldwide.” Jokes aside, it is a cryptocurrency that is not run by any individual company or person. Technically speaking, it operates according to rules agreed by consensus, rather than decided upon by some founding or owning entity. 

This means that no-one runs DOGE, or that everyone does equally. The developers can release new software, but the community, that includes not just the end-users, but miners, exchanges, payment processors, has to choose to use that software. 

Dogecoin is based on the popular doge Internet meme and features a Shiba Inu on its logo, which is a breed of hunting dog from Japan. This open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013.

To use Dogecoin, you have to sync with the blockchain, and you can choose between two different wallets: MultiDoge is a light wallet that syncs with the blockchain by skimming through the blockchain, providing fast sync times. Dogecoin Core, on the other hand, is a full wallet and it syncs by downloading it, providing a solid-working Dogecoin wallet.

In case you are considering mining DOGE, you should know it differs from Bitcoin’s proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin also has a block time of one minute, and there is no limit to the number of Dogecoin that can be mined. You can mine Dogecoin either solo, or by joining a mining pool. Besides, you can also mine Litecoin in the same process of mining Dogecoin, as the processes were merged.According to CoinMarketCap, at the moment of writing this article Dogecoin’s price is US$0,143148 with a 24-hour trading volume of US$755.706.215. Besides, it is currently ranked number 12 in CoinMarketCap’s ranking, with a live market cap of US$18.991.490.285. It has a circulating supply of 132.670.764.300 DOGE coins and the maximum supply is not available.