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Dogecoin Stock

Dogecoin

DOGE

Price

0.28
Today +/-
+0
Today %
+0 %

Dogecoin Whitepaper

  • Simple

  • Expanded

  • Experte

Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
COINSPACEDOGE/USDT0.178.7 M8.51 M4.31 B65.25cex4027/9/2025, 6:21 AM
FutureX ProDOGE/USDT0.1731,258.7841,119.3497.28 M11.34cex524/14/2025, 6:30 AM
FameEXDOGE/USDT0.1719.07 M26.74 M115.74 M3.2cex7377/9/2025, 6:18 AM
BinanceDOGE/USDT0.173.58 M4.03 M88.18 M0.74cex8567/9/2025, 6:23 AM
BinanceDOGE/FDUSD0.171.04 M898,938.777.8 M0.65cex7887/9/2025, 6:23 AM
BatonexDOGE/USDT0.17499,750.69634,52167.23 M3.76cex2077/9/2025, 6:21 AM
OKXDOGE/USDT0.173.54 M3.96 M64.02 M4.18cex7717/9/2025, 6:23 AM
IBIT GlobalDOGE/USDT0.17113,748.26160,953.3157.56 M5.76cex5637/9/2025, 6:21 AM
CoinUp.ioDOGE/USDT0.173.75 M2.5 M47.09 M2.02cex6807/9/2025, 6:18 AM
MEXCDOGE/USDT0.17677,068.351.05 M44.22 M1.67cex7117/9/2025, 6:18 AM
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Dogecoin FAQ

Understanding Dogecoin Dogecoin is a digital currency that began as a meme but has since evolved into a prominent cryptocurrency. It was originally created as a playful and lighthearted alternative to traditional cryptocurrencies, featuring the Shiba Inu dog from the "Doge" meme as its logo. Dogecoin has gained a significant following and is used for various transactions and tipping online communities. For comprehensive insights and up-to-date information on Dogecoin, including its market performance and other relevant data, refer to Eulerpool.

Dogecoin (DOGE) is derived from the well-known "doge" Internet meme and features a Shiba Inu in its logo. This open-source digital currency was developed by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia, and it was forked from Litecoin in December 2013. The creators of Dogecoin envisioned it as an entertaining and approachable cryptocurrency that would attract a broader audience beyond the core Bitcoin users, owing to its association with a dog meme. Tesla CEO Elon Musk has expressed his preference for Dogecoin through multiple posts on social media.

Mining Dogecoin involves the use of computational power to solve complex mathematical problems, which in turn validates and adds transactions to the blockchain. Dogecoin employs a proof-of-work consensus mechanism, similar to Bitcoin, but utilizes the Scrypt algorithm, which is more memory-intensive and was initially designed to be ASIC-resistant. To mine Dogecoin, you need to start by setting up the required hardware and software. Here are the basic steps: 1. **Choose Your Mining Hardware:** - While earlier you could mine Dogecoin with just a CPU, the network's increased difficulty now requires more powerful GPUs or dedicated ASIC miners for efficient mining. 2. **Select Your Mining Software:** - After setting up your hardware, the next step is to install suitable mining software. There are several options available for different types of hardware, some popular ones being CGMiner and EasyMiner. 3. **Decide on Solo or Pool Mining:** - You can choose to mine Dogecoin on your own (solo mining) or join a mining pool where multiple participants combine their computational power to increase the chances of success. Pool mining typically offers more consistent rewards. 4. **Setup a Dogecoin Wallet:** - A digital wallet is essential for storing the Dogecoin you earn. You can choose from various online, desktop, or hardware wallets based on your security needs. 5. **Configure Your Mining Software:** - Connect your software to the network and configure it with your wallet address and mining pool credentials if applicable. 6. **Monitor and Maintain Your Equipment:** - Regularly monitor your hardware and software performance, ensuring optimal operation, and perform necessary maintenance to avoid downtime. For detailed statistics and insights into Dogecoin mining and to stay updated with real-time data, you can visit Eulerpool.

Dogecoin distinguishes itself from Bitcoin's proof-of-work protocol in several aspects, one of which includes the utilization of Scrypt technology. The altcoin also features a block time of one minute, and its total supply is uncapped, meaning there is no limit to the quantity of Dogecoin that can be mined. Dogecoin can be mined either individually or by joining a mining pool. A Dogecoin miner is able to mine the digital currency on Windows, Mac, or Linux platforms, using a GPU. Since 2014, it has also been possible to mine Litecoin concurrently with Dogecoin, as the mining processes have been consolidated.

What Are the Uses of Dogecoin?

Dogecoin has primarily been utilized as a tipping mechanism on platforms such as Reddit and Twitter to encourage and reward the creation or sharing of high-quality content. You can earn Dogecoin by participating in a community that utilizes this digital currency, or you can acquire Dogecoin from a Dogecoin faucet. A Dogecoin faucet is a website that provides a small amount of Dogecoin for free, serving as an introduction to the currency and enabling you to start engaging with Dogecoin communities.

How Can You Purchase Dogecoin?

Dogecoin can be bought or sold at any exchange that supports the digital currency. You can store it on an exchange or in a Dogecoin wallet, and you can tip it within communities that accept Dogecoin. For the most up-to-date list of exchanges and trading pairs for this cryptocurrency, refer to our market pairs tab on Eulerpool.

What is Dogecoin's Libdogecoin?

Several weeks following the release of Dogecoin Core version 1.14.6, core developer Michi Lumin announced the introduction of Libdogecoin, a C-library consisting of the network’s foundational components. Libdogecoin is designed to enable developers to create Dogecoin-compliant products without the need to delve into the intricate specifics of the cryptocurrency's functions. As a result, even less technically inclined individuals can effortlessly develop products that adhere to Dogecoin's standards. As the update is purely a library, it does not offer a "runnable" node feature. Nonetheless, Libdogecoin provides support for multiple programming languages, including Python, Node.js, and Ruby.

Elon Musk and Dogecoin

The success of Dogecoin is closely linked with Elon Musk's enthusiasm for the cryptocurrency. Musk began tweeting about Dogecoin in early 2021, sharing a Lion King DOGE meme. This sparked a significant DOGE rally, with some temporary declines, that peaked during Musk's appearance on Saturday Night Live. Despite Musk's assurances to boost its price, DOGE experienced a sharp decline following the SNL appearance. In the subsequent months, Musk appeared to lose some interest, resulting in DOGE's price dropping over 70% from its all-time high. Nevertheless, Musk maintains influence over Dogecoin, as evidenced by his occasional tweets.

Dogecoin Foundation and Advisory Board

In 2014, a not-for-profit foundation was established by members of the Dogecoin team to provide support, advocacy, trademark protection, and governance for the cryptocurrency project. Over time, however, the foundation was dissolved. After several years of inactivity, the foundation was relaunched in 2021 with a "renewed focus on supporting the Dogecoin Ecosystem, community, and promoting the future of the Dogecoin Blockchain." In addition to some of the original core team, the project now includes seasoned industry players as part of its board of advisors. According to the foundation's website, members of the board will convene monthly to discuss issues relating to Dogecoin. The advisory group comprises Dogecoin founder Billy Markus, the project's core developer Max Keller, Ethereum founder Vitalik Buterin, and Elon Musk, represented by the head of Musk's family office, Jared Birchall. Members of the Board of Advisors will function in various capacities. Keller will serve as the project's technical advisor, while Markus will be responsible for the community and memes. Buterin will serve as the blockchain and crypto advisor for the foundation, and Birchall will represent Elon Musk as legal and financial advisor. As their first assignment, the Board of Advisors will work to secure three-year funding to enable the employment of a small, dedicated staff to work on Dogecoin full-time. Until now, work on the ecosystem has been carried out by volunteers.

Organizations That Accept Dogecoin

Owing to its minimal transaction fees and the ongoing support from Elon Musk, several traditional companies have adopted Dogecoin as a payment option. Below is a list of companies that currently accept Dogecoin payments: * Tesla * AMC Theaters * GameStop * airBaltic * Dallas Mavericks * EasyDNS * Newegg * Twitch.

Investors interested in Dogecoin are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.