{"description":"<div>Dogecoin is an open source peer-to-peer cryptocurrency forked from Litecoin in December 2013 and originally developed by Billy Markus, an IBM programmer, and Jackson Palmer, an Adobe programmer. Although intended as a fun cryptocurrency and a parody of Bitcoin it has attracted a large following.<br /><br />In contrast to Bitcoin (and Litecoin), whose basic concept envisages a shortage of supply, Dogecoin is deliberately in abundance. Every minute, 10,000 new coins are generated and there is no upper limit. Dogecoin therefore is clearly inflationary (albeit with a decreasing inflation rate).<br /><br />In 2014, the Dogecoin Foundation was incorporate but was largely inactive until its relaunch in 2021. Prominent advisors to the foundation include Vitalik Buterin (co-founder of Ethereum) and an Elon Musk&rsquo;s family office representative. The foundation recently published its first-ever road map focusing on Dogecoin utility and ecosystem.<br /><br />The name Dogecoin and the logo depicting a Shiba Inu are based on a meme but for now Dogecoin succeeded as a peer-to-peer cryptocurrency.<\/div>","rankedCrypto":[{"coingeckoId":"polkadot","sortingRank":5},{"coingeckoId":"chiliz","sortingRank":3},{"coingeckoId":"apecoin","sortingRank":2},{"coingeckoId":"decentraland","sortingRank":1},{"coingeckoId":"internet-computer","sortingRank":0}],"cryptoCategories":{"Decentralized Finance (DeFi)":["uniswap","compound-governance-token","aave","lido-dao"],"Entertainment":["decentraland","chiliz","axie-infinity","apecoin","immutable-x"],"Currency":["stellar","ripple","litecoin","dogecoin","bitcoin-cash","bitcoin"],"Smart Contracts":["polygon-ecosystem-token","tezos","solana","polkadot","ethereum","cosmos","cardano","avalanche-2","algorand","hedera-hashgraph"],"Computing":["filecoin","chainlink","render-token","the-graph"]},"region":["CH","DE","AT"],"sophisId":158036814,"coingeckoId":"dogecoin"}