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Dogecoin (DOGE) is an open-source, peer-to-peer proof-of-work cryptocurrency launched on December 6, 2013 and named after the "Doge" meme of a Shiba Inu dog. It was designed as a fast, low-fee currency for everyday payments and online tipping, and it remains one of the most widely recognized and widely listed cryptocurrencies. Dogecoin matters because it proved that a community-driven coin with no company, no venture funding and no public sale could stay in use for more than a decade.
DOGE has no maximum supply. Every block pays a fixed reward, which keeps issuance predictable and gives miners an income that does not depend on fees rising.
Official resources:
Dogecoin was created in late 2013 by Billy Markus and Jackson Palmer, who felt cryptocurrency was being taken too seriously. Palmer built the Dogecoin.com website and was for a time the public face of the project, while Markus worked as the solo developer on the first four releases. The meme itself was based on a 2010 photo of Kabosu, a Japanese Shiba Inu adopted by kindergarten teacher Atsuko Sato.
The coin spread quickly on Reddit as a tipping currency; according to the official history, within two weeks it was processing more transactions per day than Bitcoin. In 2014 both founders stepped away and a Dogecoin Core development team took over, a small group of maintainers supported by more than 40 contributors over the years.
Key milestones in the software:
Version 1.6 (March 2014) A hard fork at block 145,000 replaced random block rewards with fixed ones and adopted the DigiShield difficulty algorithm, which retargets every block.
Version 1.7 (May 2014) The client was rebuilt on the Bitcoin Core 0.9 codebase instead of Litecoin's and renamed "Dogecoin Core".
Version 1.8 (August 2014) Introduced AuxPoW (merged mining) from block 371,337, which was expected around September 12, 2014.
Fixed reward era Under the fixed-reward schedule the block reward halved every 100,000 blocks from 500,000 DOGE, and from block 600,000 it became a permanent 10,000 DOGE per block.
Version 1.14.x (2019 to 2024) The 1.14 series set the recommended fee at 0.01 DOGE per kilobyte and, from 1.14.5, stopped rounding fees up to whole kilobytes. The latest release is Dogecoin Core 1.14.9, published in December 2024.
The Dogecoin Foundation, first set up in 2014, was reinvigorated in 2021 by core developers and new advisors. The community has also funded well-known causes, including sending the Jamaican bobsled team to the 2014 Sochi Winter Olympics and clean-water wells in Kenya.
Dogecoin is a UTXO-based proof-of-work blockchain, technically descended from Litecoin (via Luckycoin) and today built on a Bitcoin Core-derived codebase.
Scrypt mining Miners, normally using Scrypt ASICs, compete to find a valid block hash. The winner adds the next block and collects the 10,000 DOGE reward plus fees.
One-minute blocks The target block spacing is 60 seconds, and DigiShield adjusts difficulty every block so block times recover quickly when hash power swings.
Merged mining Through AuxPoW, miners can submit work done on another Scrypt chain, most notably Litecoin, as valid work on Dogecoin, securing both chains with the same hashing.
Low fees Dogecoin Core recommends 0.01 DOGE per kilobyte, and fees are calculated on the exact transaction size.
DOGE is the only asset on the Dogecoin chain. It is used to:
Supply rules are simple: 10,000 DOGE per block at one block per minute works out to roughly 5 billion new DOGE per year. Because issuance is fixed in absolute terms, the percentage inflation rate falls every year as total supply grows. There is no maximum supply and no burn mechanism.
Compared with Bitcoin, Dogecoin has 1-minute rather than 10-minute blocks, Scrypt rather than SHA-256 mining, and unlimited rather than capped supply. Compared with Litecoin, it shares the Scrypt algorithm and much of its early code, but has faster blocks and flat issuance instead of halvings. Compared with newer meme tokens such as Shiba Inu, which live on Ethereum as ERC-20 tokens, Dogecoin runs its own proof-of-work blockchain. It has no native smart contract platform.
Dogecoin is secured by proof-of-work mining. A miner that finds a valid block hash below the difficulty target can extend the chain, and rewriting history would require outpacing the honest hash rate. Merged mining adds the hash power of Litecoin miners who choose to mine DOGE at the same time. Anyone can run a full node to verify every block. DOGE cannot be staked.
Dogecoin was one of the earliest cryptocurrencies to show how internet culture can drive adoption. Beyond the meme, it has run as a working proof-of-work payment network since 2013 with cheap, fast transfers and a clear, predictable issuance rule, and it remains a common entry point for new users.
DOGE is available on most major centralized exchanges, typically paired with USD, EUR, USDT and BTC. Availability and payment methods vary by jurisdiction.
DOGE spot pairs are listed on:
You can look up transactions on block explorers such as OKLink.
Track Dogecoin live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Dogecoin on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Dogecoin with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Dogecoin with real money.
Read the complete paper trading guideThe current price of Dogecoin is $0.08622 with a 1.37% change in the last 24 hours.
The daily trading volume is $97,489,852 representing a 59.60% change in the past 24 hours.
The market capitalization of Dogecoin is $13,473,716,918, ranking #11 globally.
The fully diluted valuation (FDV) of Dogecoin is $13,473,716,918, calculated using circulating supply because the maximum supply is unlimited.
Circulating: 156,263,246,384. Total: 171,975,463,127. Max: ∞.
In the last 24 hours, Dogecoin traded between a low of $0.08409 and a high of $0.08666.
DOGE/USDTTether USDT0.08622 USDT
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