What is DogeCoin (DOGE) and How Does it Work?

Dogecoin (DOGE) is a cryptocurrency that was created as a joke in 2013. It was based on the popular "Doge" internet meme featuring a Shiba Inu dog. Despite its origins as a joke, Dogecoin has gained a sizable following and has become a widely traded cryptocurrency. Dogecoin uses blockchain technology, a decentralized digital ledger that records all transactions made with the cryptocurrency. Transactions are recorded in blocks and added to a chain of blocks, creating a permanent and unchangeable record…