CryptoCoinsRevolution.com: Hashing algorithm Dogecoin

Dogecoin information

Dogecoin is a cryptocurrency based on the popular"Doge" Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork and will have approximately 100 billion coins in circulation by the end of 2014. Dogecoin is inflationary and there will be an additional 5.2 billion coins created every year thereafter.

Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.

Dogecoin was launched on 8 December 2013 and uses the scrypt hashing algorithm.

• Website: dogecoin.com
• Maximum Supply: 100,000,000,000 DOGE
• Algorithm: Scrypt
• Mining: GPU scrypt
• Block Time: 60 Seconds
• Pre-Mine: none
• Block Reward: random between 0-500,000 gradually decreasing to 10,000
• Block Confirmations: 6 Network Confirmations
• Difficulty Target-Time: 4 hours
• Launch Date: December 8, 2013
  
  
  

  Facebook	Likes	64024
  Twitter	Followers	162904
  Reddit	Subscribers	87037
  	Average Users Online	223
  	Average New Hot Posts Per Hour	2.00
  	Average New Comments on Hot Posts Per Hour	83.6
  Code Repository	Stars	991
  	Subscribers	173
  	Forks	435
  	Issues	297
  	Merged Pull Requests	273
  	Contributors	56

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