What is Dogecoin?
Dogecoin is a digital currency that allows for relatively anonymous trading of money via the internet.
You may have already heard of other internet currencies (such as Bitcoin or Litecoin) and the concept is extremely similar. You are able to acquire Dogecoin and then, as with any other currency in the world, exchange them for goods or services.
The Dogecoin network will produce a total of 100 billion dogecoins.
Dogecoin are as real as you make them.
Whilst you may be used to walking into a shop and handing over a palmful of cash to a cheery shop assistant in exchange for goods, you aren't quite able to do that with dogecoin. Since this is a digital currency, you don't really have physical coins or notes. You do have a wallet though.
Who made Dogecoin?
Dogecoin was created by Billy Markus, programmer and former IBM engineer, working with his friend Jackson Palmer, marketeer for Adobe Systems. Markus based Dogecoin on the existing currency Litecoin.
What's with the dog?
The dogecoin mascot is based on the popular internet meme 'doge' (see; How to pronounce 'doge'). Pictures of a Shiba Inu dog commonly get littered with text written in multi-colored Comic Sans MS. The text is deliberately written in broken English and the word "wow" is also commonly used. Although based on a silly concept, dogecoin is one of the fastest-growing digital currencies.