With thousands of cryptocurrencies already in the wild, it's good to know which ones will last. Another surprise is dogecoin, which is different from other cryptocurrencies because it was just a joke at the beginning, but now it has evolved into a viral feeling, which can make it last into the distant future. Let's learn more about the lovely dogecoin.
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The origin story of dogecoin
Dogecoin was originally a joke played by Australian marketers and software developer Jackson Palmer. On November 27, 2013, he opened two tags side by side on the computer screen. One is coinmarketcap, and the other is a news article about the best memes of 2013, Doge.
For those who are not familiar with it, the original dog meme is characterized by the image of a Japanese Shiba Inu dog named Kabosu (of course, these memes also have different variants, characterized by different Shiba Inu dogs). Dog memes are usually included in comic texts of English incomplete.
When Jackson Palmer, founder of dogecoin, switched between the two tags in 2014, Palmer had an interesting idea, that is, to put the two elements together and sent out a spontaneous tweet about a popular new cryptocurrency called dogecoin. Palmer is also an avid buyer of domain names for the site, which features a dogecoin.com overlay on a gold coin.
Soon after, Billy Markus, an IBM developer from Portland, Oregon, contacted Palmer via Twitter and asked if he would like to create a real dogecoin cryptocurrency. On December 6, 2013, dogecoin was officially released and can be used by almost anyone.
On December 25, several dogecoin wallets were hacked. The response from the dogecoin community is that they come together to refund all affected users. This marks the first of many large-scale initiatives by the dogecoin community. Although dogecoin was created by Palmer and Markus, the project was almost entirely community driven from the start.