Dogecoin (DOGE)
Dogecoin started as a joke in December 2013 — two engineers, Billy Markus and Jackson Palmer, put a Shiba Inu meme on a fork of existing coin code to parody crypto speculation. The parody outlived most of what it was parodying. More than a decade later DOGE still sits among the largest cryptocurrencies, which makes it worth understanding on its actual mechanics rather than the meme alone. This hub collects MEXC Learn's Dogecoin coverage. Start with the design if you are new, because it is genuinely different from Bitcoin's in ways that matter. From there the coverage splits three ways. Supply and issuance. Dogecoin has no supply cap. Every block adds a fixed 10,000 DOGE — roughly five billion new coins a year, forever. That sounds inflationary because it is, but the fixed absolute number means the inflation rate falls every year as the base grows. Whether that design is a flaw or a feature for a currency meant to be spent is one of the longest-running arguments in crypto, and it is covered here properly. Network and mining. DOGE is proof of work, mined together with Litecoin through merged mining since 2014 — Litecoin miners secure both chains at once, which is why a joke coin has serious hash rate behind it. Culture and markets. Dogecoin's price history is inseparable from social momentum, celebrity attention and tipping culture. This track covers that history honestly, including the first US Dogecoin ETFs, which began trading in 2025.
Dogecoin (DOGE) FAQ
Because value in open markets comes from ongoing demand, not founding intent. Dogecoin has run continuously since 2013, has real mining security behind it, costs little to send, and carries the strongest brand recognition in crypto outside Bitcoin. None of that guarantees future value — but "it began as a joke" stopped being an argument about price years ago.
Yes. There is no cap; every block mints 10,000 new DOGE, about five billion a year indefinitely. The design was deliberate — steady issuance keeps miners paid and nudges the coin toward spending rather than hoarding. Because the yearly amount is fixed while the base grows, the inflation rate declines each year even though the count never stops rising.
Same family, opposite monetary policy. Bitcoin caps supply at 21 million and halves issuance every four years, positioning itself as scarce. Dogecoin issues a fixed five billion coins a year forever, positioning itself as spendable. Dogecoin also confirms blocks in about a minute versus Bitcoin's ten, and uses a different mining algorithm — which is why it mines alongside Litecoin, not Bitcoin.
Since 2014, Litecoin miners can mine Dogecoin simultaneously at no extra cost, because the two share the same Scrypt algorithm. The same work secures both chains. This is why Dogecoin — which could never attract serious dedicated mining on its own — has substantial hash rate behind it, and it is a large part of why the network has proven durable.
Create an account and complete KYC verification, then fund it by card, bank transfer, P2P, or a crypto deposit. Most users buy a stablecoin such as USDT first, then trade it for DOGE on the DOGE/USDT spot market. From there you can hold it, withdraw it to your own wallet, or move it into other products.