DOGECOIN DOGE (Cryptocurrency) Color Changing Mug 11oz

Dogecoin, denoted by DOGE, is a decentralized, open-source cryptocurrency that was created as a satirical take on other digital currencies, particularly Bitcoin and Litecoin. Launched in 2013 by Billy Markus and Jackson Palmer, it quickly gained popularity due to its playful Shiba Inu logo and association with internet culture memes. As a cryptocurrency, Dogecoin functions as a digital medium of exchange, similar to other virtual currencies. It utilizes a variant of the Scrypt protocol, which is different from Bitcoin's SHA-256. This choice aims to prevent dedicated ASIC hardware miners from gaining too much control over the network and ensuring that GPU mining remains accessible to individuals with modest resources. Transactions on the Dogecoin network are typically faster than those on the Bitcoin network due to its higher transaction speed, although it still faces scalability challenges as its popularity continues to grow. Its total supply is uncapped, meaning there is no predefined limit to the number of Dogecoins that can be created; however, it starts at 100 billion coins, with approximately 5 billion in circulation as of early 2021. Dogecoin has gained a strong and active community that regularly organizes fundraising efforts for various causes. Despite its playful origins, Dogecoin has proven to be a versatile digital currency with real-world applications and an evolving role within the broader cryptocurrency ecosystem.