Template:Infobox currency Dogecoin (code: DOGE, not to be confused with DGC, the currency code for DigitalCoin), is a cryptocurrency that is based on the 'doge' internet phenomenon, making it the first currency to be based upon an internet meme. Like Litecoin, Dogecoin uses scrypt in its proof-of-work algorithm, meaning that miners cannot take advantage of specialized Bitcoin-mining equipment to mine at higher speeds. However, the Dogecoin network will produce 100 billion dogecoins, significantly more than the 84 million limit imposed on the Litecoin network or the 21 million on the bitcoin network.
Despite the currency being made mostly as a proof-of-concept as well as a play on the internet meme of the same name, there are real communities dedicated to the currency and the popularity and value of the currency is growing., and there been several minor exchanges that trade Dogecoin for other established cryptocurrencies like Litecoin or Bitcoin. From December 6, 2013, the baseline price has been approximately 10,000 DOGE for 1 USD, however its value is neither well-defined nor stable due to a lack of major exchanges trading DOGE.
The only available official exchange that handles DOGE/LTC or DOGE/BTC exchanges is CoinedUp. The price is highly volatile due to the newness of the currency. But as of Dec 14th 2013, the price on the exchange was approximately 3.3 million DOGE per BTC, placing it at a value of approximately 4,000 dogecoins per $1 USD.
 See also
- Template:Official website
- Official Community Site
- Official Forum
- Official Blog
- Polish Portal
- Original Official Forum Post with much information, updated often
- ↑ Andrew Couts (12 December 2013). Wow. Dogecoin is the most Internet thing to happen, ever.. Digital Trends. Retrieved on December 2013.
- ↑ Brittany Hillen (10 December 2013). Dogecoin digital currency takes on Bitcoin with a bit of meme flair. Slashgear. Retrieved on December 2013.
- ↑ Danny Vega (9 December 2013). Dogecoin: 5 Fast Facts You Need to Know.. Heavy.com. Retrieved on December 2013.
- ↑ Miles Klee (10 December 2013). With its own cryptocurrency, Doge has officially conquered 2013. The Daily Dot. Retrieved on December 2013.
- ↑ John Law (13 December 2013). Patent Nonsense, Coinbase Futures, and Who’s a Good Doggie? You Are!. CoinDesk. Retrieved on December 2013.
- ↑ Victoria McNally (10 December 2013). Dogecoin, A Cryptocurrency For Doges, Is Now A Thing. Geekosystem. Retrieved on December 2013.
- ↑ James Plafke (10 December 2013). Dogecoin: Not a viable alternative to Bitcoin, but possibly the best invention on the internet. Geek.com. Retrieved on December 2013.
- ↑ Dogecoin Order Book. coinedup.com. Retrieved on 2013-12-13.
- ↑ http://dogechain.info/chain/Dogecoin/statistics