Thread by @Aim2Door

Dogecoin prices rallied 145% in the last week. Here are seven fun facts about Doge Coin!

#dogecoin #DogelonMars #Cryptocurency

⚙️Dogecoin was created in about 2 hours.

Dogecoin is an open-source cryptocurrency established in 2013 by Jackson Palmer and Billy Markus. Dogecoin marketed itself as a "fun" version of Bitcoin.

⚙️Dogecoin has its own blockchain

It rewards miners with 10,000 DOGE for every block, It is based on Litecoin and uses the same proof-of-work technology

⚙️It is considered the first "meme coin".

It is the first "dog coin". Dogecoin features a Shiba Inu, a Japanese breed of dog, as its logo.

⚙️The highest price that Dogecoin has ever had is $0.74.

The coin reached that point on May 8, 2021. It hit its all-time high market cap on that day too: $93 B.

⚙️Dogecoin’s Creator Sold All His Doge.

Billy Markus mentioned on Twitter that he’s no longer a part of the Doge Project and that he sold all the crypto he had in 2015 after getting laid off.

⚙️Elon Musk openly supported Dogecoin in 2021.

The SpaceX founder ran a poll on social media asking if Tesla should accept Dogecoin as a form of payment. SpaceX Accepts Dogecoin as a Payment to Launch a Mission to the Moon in 2022

⚙️Dogecoin’s mining process is very fast.

Within the first year of its existence, 100 billion coins were mined. Transaction fees within the Dogecoin network are about 1 DOGE per transaction.