![]() There’s no market infrastructure, barely any wallet software, and despite being more than 7 years old, many exchanges still don’t support it. Few people run full nodes, and those who do often have difficulty downloading the chain or staying synced with the network. And its founder even disappeared-not as dramatically as Satoshi, of course. It’s not new: indeed, it’s one of the oldest altcoins, more than 1.5 years older than Ethereum. It’s ultimately a Bitcoin fork, so while not novel, at least the tech is known and reliable. Consequently, there’s no business development or marketing department promoting the coin for the benefit of insiders. Dogecoin had a fair launch, like Bitcoin, meaning there was no token presale, pre-mine, or VC fundraise. There’s no grand vision, no pronouncements about how Dogecoin will change the world. Unlike many other cryptocurrency projects, Dogecoin does not seek, or even pretend, to be anything more than to be the world’s most fun currency. ![]() “Dogecoin is an open-source peer-to-peer digital currency, favored by Shiba Inus worldwide,” proclaims the official website. The appeal of Dogecoin has always been its honesty. This joke currency, created to mock Bitcoin and the rise of altcoins way back in 20, is today worth more than $70B and has rocketed to the top of the crypto list with enormous trading volume, growing ownership, and celebrity endorsements. The Shiba Inu-themed cryptocurrency, whose community once sponsored the Jamaican Bobsled Team as part of a campaign called #CoolRunnings2, is today worth as much as Lloyds Banking Group, twice as much as Standard Chartered, and almost three times as much as Credit Suisse. In this report, we tell the story of the whimsical cryptocurrency and explain why, despite its shortcomings, Dogecoin is one of crypto’s most interesting phenomena.ĭogecoin has always been a joke, and the joke keeps getting funnier. In addition to the Core Update, the Dogecoin website has also been updated.On the back of a major resurgence in cryptocurrency prices, along with retail trading manias fueled by mobile trading apps and Reddit-borne trade ideas, Dogecoin (DOGE) has emerged as the best performing crypto YTD. It’s dropped from 1 DOGE to 0.01 DOGE.Īs for the new features, the update has brought to Dogecoin three new RPC (Remote Procedure Call) methods, some changes in the user interface and some new translations. The most pleasant innovation for users in the new update was the reduction of the recommended dust limit. ![]()
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