The History Of Dogecoin

March 16, 2021 by NOWPayments.io

Dogecoin utilizes the crypto code Doge and the symbol Ð and was created by two tech geniuses going by the names of Billy Markus and Jackson Palmer. The coin was originally created as a fun coin to allow users to make exciting transactions that were free from the centralised banking system that we’ve known for 100s of years. The mascot for Dogecoin is the infamous Shiba Inu, which has become somewhat of a crypto meme over the past decade with Dogecoin. So let’s give you a full history lesson on the inception of Dogecoin and everything that’s happened to the current date and what is Dogecoin.

The Official Launch of Dogecoin

The creators of Dogecoin are Bill Markus and Jackson Palmer. The two teamed up to create Dogecoin and released it to the world on December 6th 2013. At the time Bill Markus was working at IBM and Jackson Palmer was working at Adobe as a software engineer. Originally Palmer was the one who purchased the domain for Dogecoin and created a splash screen for users to check out. It was then where Markus reached out to Palmer and the development of Dogecoin started. They developed the system on the protocols of Litecoin and Lucky coin using the scrypt technology which is a proof-of-work concept. The scrypt technology utilises FPGA and ASIC devices for mining rather than allowing the use of SHA-256 mining equipment you’d see with bitcoin.

So what happened after the official launch of Dogecoin?

Continue reading in the NOWPayments blog!

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NOWPayments.io is an awesome service for easy and smooth crypto payments processing. We believe in simplicity — no excess. Made by ChangeNOW.io

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