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| comment | | "parent_author":"",<br>"parent_permlink":"doge",<br>"author":"abdessadek120",<br>"permlink":"dogecoin-overview-and-history",<br>"title":"dogecoin Overview and history",<br>"body":"Dogecoin was created by programmer Billy Markus from Portland,<br> Oregon,<br> who hoped to create a fun cryptocurrency that could reach a broader demographic than bitcoin. In addition,<br> he wanted to distance it from the controversial history of other coins.[9 At the same time,<br> Jackson Palmer,<br> a member of Adobe Systems' marketing department in Sydney,<br> was encouraged on Twitter by a student at Front Range Community College to make the idea a reality.[10 \n\nAfter receiving several mentions on Twitter,<br> Palmer purchased the domain dogecoin.com and added a splash screen,<br> which featured the coin's logo and scattered Comic Sans text. Markus saw the site linked in an IRC chat room,<br> and started efforts to create the currency after reaching out to Palmer. Markus based Dogecoin on an existing cryptocurrency,<br> Luckycoin,<br>[11 which features a randomized reward that is received for mining a block,<br> although this behavior was later changed to a static block reward in March 2014.[12 In turn,<br> Luckycoin is based on Litecoin,<br>[13 which also uses scrypt technology in its proof-of-work algorithm. The use of scrypt means that miners cannot use SHA-256 bitcoin mining equipment,<br> and that dedicated FPGA and ASIC devices used for mining are complicated to create. Dogecoin was officially launched on December 6,<br> 2013.[14 The Dogecoin network was originally intended to produce 100 billion Dogecoins,<br> but later,<br> it was announced that the Dogecoin network would produce infinite Dogecoins.[15 [16 [17 \n\nOn December 19,<br> 2013,<br> Dogecoin jumped nearly 300 percent in value in 72 hours,<br> rising from US$0.00026 to $0.00095,<br>[18 with a volume of billions of Dogecoins per day.[19 This growth occurred during a time when Bitcoin and many other cryptocurrencies were reeling from China's decision to forbid Chinese banks from investing into the Bitcoin economy.[13 Three days later,<br> Dogecoin experienced its first major crash by dropping by 80% due to this event and due to large mining pools seizing opportunity in exploiting the very little computing power required at the time to mine Dogecoin.[20 \n\nOn December 24,<br> 2013,<br> The Reserve Bank of India cautioned users of cryptocurrencies on the risks associated with them.[21 [22 On December 25,<br> 2013,<br> the first major theft of Dogecoin occurred when millions of coins were stolen during a hack on the online cryptocurrency wallet platform Dogewallet.[23 The hacker gained access to the platform's filesystem and modified its send\/receive page to send any and all coins to a static address.[24 [25 This hacking incident spiked tweets about Dogecoin,<br> making it the most mentioned altcoin on Twitter at the time,<br> although it was in reference to a negative event.[26 To help those who lost funds on Dogewallet after its breach,<br> the Dogecoin community started an initiative named \"SaveDogemas\" to help donate coins to those who had them stolen. Approximately one month later,<br> enough money was donated to cover all of the coins that were stolen.[27 On January 2014,<br> the trading volume of Dogecoin briefly surpassed that of Bitcoin[28 and all other crypto-currencies combined,<br> however,<br> its market capitalization remained substantially behind that of Bitcoin.[29 As of 25 January 2015,<br> Dogecoin had a market capitalization of USD 13.5 million.[30 April 2015 Jackson Palmer announced he is taking an \"extended leave of absence\" from the cryptocurrency community.[31 \n\nIn January 2018,<br> Dogecoin reached $2 billion market cap![t\u00e9l\u00e9chargement.jpg (https:\/\/steemitimages.com\/DQmeQ9KP39tm7CWhdargThHvxd4fxzn7RwKeRTGvuZgbLKW\/t%C3%A9l%C3%A9chargement.jpg)",<br>"json_metadata":" \"tags\":[\"doge\" ,<br>\"image\":[\"https:\/\/steemitimages.com\/DQmeQ9KP39tm7CWhdargThHvxd4fxzn7RwKeRTGvuZgbLKW\/t%C3%A9l%C3%A9chargement.jpg\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " | | comment_options | "author":"abdessadek120",
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