Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners. https://t.co/ldFf3R3Fm6
What is Dogecoin?
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. It is considered both the first "meme coin", and more specifically the first "dog coin". Despite its satirical nature, many consider it a legitimate investment prospect.
Dogecoin features the face of Kabosu from the DOGE meme as its logo and namesake. The original "doge" meme became popular in 2013. The meme consists of a picture of a Shiba Inu dog, accompanied by multicolored text in Comic Sans font in the foreground. The text, representing a kind of internal monologue, is deliberately written in a form of broken English.
Dogecoin was introduced on December 6, 2013, and quickly developed its own online community, reaching a peak market capitalization of over US $85 billion on May 7, 2021. $DOGE uses scrypt technology in their proof-of-work algorithm, as does its predecessors Bellscoin, Luckycoin and Litecoin. The use of scrypt means that miners cannot use SHA-256 Bitcoin mining equipment, and instead must use dedicated field-programmable gate array and application-specific integrated circuit devices for mining which are known to be more complex to produce. Miners receive block rewards in $DOGE. The mining validates all the transactions on the Dogecoin blockchain, making $DOGE the one and only true memecoin.