Dogecoin, which began as a parodic cryptocurrency, has now broken the market capitalization of $ 1 billion showing how long Virtual currencies have emerged since the creation of Bitcoin in 2009.

Four years after the Bitcoin genesis block extraction, programmer Billy Markus coded his own cryptocurrency in 2013. With the Jackson Palmer, product manager and data analyst at Adobe, Dogecoin came to life

Taking the popular Internet meme from the dog Shiba Inu, the creator imagined that cryptocurrency would be a system of Friendly online payment, although its rise in popularity may not have been anticipated.

Nevertheless, in the space of five years, Dogecoin has become its own community of users. Over time, Dogecoin has become popular as a "tipping system" among its users – as stated on the site:

One of the most popular uses for Dogecoin is to " switch users who create or share great content. Think of it as a more significant "like" or upvote, with real value that can be used on the Internet.

Cryptocurrency has no limit on the amount of coins that can be created by mining. At the time of writing, there were more than 112 people in circulation. While a single Dogecoin is not worth more than $ 0.01, a single penny, the total market capitalization is now greater than $ 1.19 billion – or 72,423 Bitcoin.

Coin pop-culture

Much like Cointelegraph Known for his bold illustrations, Dogecoin took an Internet meme as his "mascot" of sorts. The word "doge" is a popular term on the Internet for a dog, which began as a simple misspelling of the word in a television series in 2005.

As explained knowyourmeme. com, the term doge was married with the image of a Shiba Inu dog on Reddit in 2010, causing it to become one of the most well known internet memes.

<img alt=" Dogecoin "src =" http://cointelegraph.com/storage/uploads/view/f8219f0ea8b4f53ef8a2abe9c16da42b.jpg "title =" Dogecoin "/>

His association with a crypto -currency appeared in 2014 and the rest belongs to history – though Doge and his various memes have provided permanent joys or virtual currency.

Charity Community

Dogecoin community is also known for its charitable activities.

In 2013, the Dogecoin Dogewallet portfolio platform was hacked and millions in stride, the Dogecoin community began to entertain an effort fundraiser known as SaveDogemas, which ultimately allowed to amass the same amount of dogecoin stolen in the hack just a month after the cyber theft.

The community also raised funds for oly athletes Josh Wise

Twitter buzz

Cypherpunk Jameson Lopp gave a message to cryptocurrency on Twitter:

. @ Ummjackson created @dogecoin as a joke, but at this point the joke is on him. Wow! Such shibes! Very billion! https://t.co/daFL9m3xFw – Jameson Lopp (@lopp) 4 January 2018

Another user celebrated the Dogecoin's rise in value, pointing out that it was worth more than the Japanese yen.