Dogecoin

Dogecoin is a proof-of-work blockchain closely related to Litecoin, and the two are mined together through a system called merged mining, meaning much of Litecoin's mining power also secures Dogecoin. Unlike Bitcoin, Dogecoin has no supply cap: about five billion new DOGE are issued every year, a design intended to keep it usable as a currency for small payments rather than a scarce store of value.

Dogecoin became one of the most recognized cryptocurrencies through the strength of its community and internet culture, amplified over the years by public endorsements from figures such as Elon Musk. It is used for tipping, small transfers, and payments by a handful of merchants, but its market value is driven primarily by its cultural status as the original meme coin.