DogecoinDOGE
The 2013 joke coin by Billy Markus and Jackson Palmer, a Scrypt code fork in the Litecoin line, merge-mined via AuxPoW.
No Bitcoin Takeover episode is dedicated to Dogecoin yet. That gap is marked here rather than filled with guesses — a candidate guest for a future episode.[1]
Contents
Origins
Dogecoin was created as a joke in late 2013 by Billy Markus and Jackson Palmer and launched on 6 December 2013, based on the Doge meme[1]. Palmer created the Dogecoin.com website; Markus worked as the solo developer on the first four releases[1].
Design
The Bitcointalk announcement thread, in its archived and later-edited form, lists Scrypt with AuxPoW (merged mining), a 60-second block time, DigiShield difficulty retargeting, no premine, and a block reward that stepped down until a fixed 10,000 DOGE per block from block 600,000[2]. Dogecoin Core started as a fork of Lucky Coin and Litecoin, themselves forks of Bitcoin Core[3].
Community
Both founders left development in 2014, and a Dogecoin Core development team took over[1]. In 2014 the community raised 26.5 million DOGE to send the Jamaican bobsled team to the Sochi Winter Olympics[1].
References
- primaryDogecoin.com, “The History of Dogecoin” (Dogepedia) [archived]
- primary“[ANN][DOGE] Dogecoin - very currency many coin”, Bitcointalk topic 361813 (opened 8 Dec 2013) [archived]
- primaryDogecoin.com, “Who are the current Dogecoin developers?” (Dogepedia) [archived]