Dogecoin chain
Overview
Dogecoin is a cryptocurrency and Layer 1 blockchain that originated as a joke based on the 'Doge' meme. It uses a Scrypt proof-of-work consensus mechanism and is derived from Litecoin's codebase. Dogecoin is commonly used for microtransactions, online tipping, and charitable donations due to its low transaction fees and active community.
Within the DeFi Intel graph, Dogecoin connects to 1 tracked entity, most strongly to Dogecoin.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Dogecoin | 95% |
Frequently asked questions
What is Dogecoin?
Dogecoin is a cryptocurrency and Layer 1 blockchain that originated as a joke based on the 'Doge' meme. It uses a Scrypt proof-of-work consensus mechanism and is derived from Litecoin's codebase.
What consensus mechanism does Dogecoin use?
Dogecoin uses a Scrypt proof-of-work consensus mechanism.
What is Dogecoin commonly used for?
Dogecoin is commonly used for microtransactions, online tipping, and charitable donations due to its low transaction fees and active community.