With skyrocketing prices, Dogecoin is currently a mainstay of the crypto space, launching straight into the limelight and attracting some big-money personalities.
From relative obscurity, the digital asset has climbed the charts to rank among the top 10 largest in the market with a market cap of nearly $10 billion. It’s a remarkable rise for a cryptocurrency that only had a valuation of $756 million at the start of 2021.
Dogecoin was created by Billy Markus and Jackson Palmer in 2013. Markus was a software engineer at IBM while Palmer worked with Adobe. The funny thing is that the two had never met before.
Dogecoin uses a Scrypt-based consensus algorithm similar to Litecoin’s. It is a block time of 1 minute and no supply cap- there are 128 billion dogecoins in circulation as of February 2021.
One reason Dogecoin became so popular was how easy it made it for the community to mine, earn a reward as well as access online transactions.
Before February 2014, miners earned a random block reward for adding blocks and helping secure the network. But with the supply cap changed from 100 billion to unlimited, the developer team announced miners would earn a fixed block reward of 10,000 dogecoins starting with block 600,001.
The video guide on how to exchange Dogecoin
If you’re a visual learner and want to have a better understanding of how to get Dogecoin on Swapzone with no hassle, check out our step-by-step video tutorial:
Go to swapzone.io to learn more about the cryptocurrency, its fees, value and use cases and learn how to exchange other coins and tokens to DOGE with no custody and no registration.
