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Featured a Shiba Inu on its logo, Dogecoin is a cryptocurrency based on one of the most famous memes of all time. Doge was forked from Litecoin in December 2013. Because it was based on a dog meme, Dogecoin's founders envisioned it as a joyful, light-hearted cryptocurrency that would appeal to a wider audience than Bitcoin's core demographic. Elon Musk, the CEO of Tesla, has stated on several occasions that Dogecoin is his favorite cryptocurrency.Dogecoin's proof-of-work methodology differs from Bitcoin's in various aspects, one of which being the use of Scrypt technology.Dogecoin was mainly utilized on Reddit and Twitter as a tipping mechanism to reward the creation or sharing of high-quality content. Participants may acquire tipped Dogecoin by joining a Dogecoin community or getting Dogecoin through a Dogecoin faucet.