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Dogecoin

Dogecoin is a parody cryptocurrency named after the popular Doge meme (which appears in the Dogecoin logo). Billy Markus and Jackson Palmer created it. Although it was created as a joke, it has evolved into a genuine digital currency with a big internet following. Dogecoin functions similarly to most other cryptocurrencies, depending on a blockchain of distributed ledgers, an active community of miners, and consensus processes to assure transaction authenticity. It has numerous noteworthy backers, including Elon Musk, and its value has risen since its first release. The main disadvantage of Dogecoin is that there is no limit on the total amount of coins that may be issued. As a result, billions of dollars have been lost.