Dogecoin (DOGE)
Rank #10
Market snapshot
- Price
- $0.075098
- Market cap
- $11.7B
- 24h volume
- $887.8M
- Circulating supply
- 155,563,856,383.7053
- Total supply
- 155,563,856,383.7053
- Max supply
- N/A
What is Dogecoin?
Dogecoin (DOGE) is a cryptocurrency that was created as a lighthearted alternative to Bitcoin. It is designed to facilitate transactions and has a strong community that focuses on supporting each other, educating about cryptocurrency, and creating memes.
How Dogecoin works
Dogecoin operates as an open-source, peer-to-peer cryptocurrency utilizing blockchain technology. Users can generate DOGE through mining, which involves solving complex mathematical problems. The network is maintained by nodes that validate transactions and ensure the integrity of the public ledger. Miners play role in Dogecoin's Proof of Work consensus mechanism, and mining pools allow groups of miners to combine their computational power to increase their chances of successfully mining DOGE.
Key information
- Symbol
- DOGE
- CMC rank
- #10
- Network / platforms
BNB Smart Chain (BEP20), Dogechain(EVM), Osmosis
- Categories
- Mineable, Proof of work
- Date added
- Dec 15, 2013
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
BNB Smart Chain (BEP20)
0xba2ae424d960c26247dd6c32edc70b295c744c43Osmosis
factory/osmo10pk4crey8fpdyqd62rsau0y02e3rk055w5u005ah6ly7k849k5tsf72x40/alloyed/allDOGE
Key characteristics
Dogecoin is an open-source project, allowing anyone with technical skills to contribute to its development. It operates on a decentralized network, making it accessible for users worldwide. Dogecoin is categorized under several tags, including mineable, proof-of-work, and medium-of-exchange.
Documented uses
Dogecoin has been utilized as a medium of exchange since its inception, serving as a form of money within its community. It has been used for fundraising and other transactions.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Dogecoin?
- Dogecoin (DOGE) is a cryptocurrency that originated as a meme, designed to facilitate transactions and foster a supportive community.
- How does Dogecoin work?
- Dogecoin operates as an open-source, peer-to-peer cryptocurrency using blockchain technology. It allows users to generate DOGE through mining, which is part of its Proof of Work consensus mechanism.
- What are the technical characteristics of Dogecoin?
- Dogecoin is an open-source project, meaning anyone can contribute to its development. It is decentralized and categorized under mineable and proof-of-work tags.
- What are the risks associated with transferring Dogecoin?
- Users should verify the contract address and network before transferring assets. Self-custody requires secure handling of private keys and recovery phrases.
- How can I verify Dogecoin before acquiring it?
- Verify the asset name, network, and contract details before transferring. Ensure the destination address and network are correct.
- Where can I find official resources for Dogecoin?
- Official resources for Dogecoin can be found on its website at http://dogecoin.com/ and its GitHub repository at https://github.com/dogecoin/dogecoin.
