Dogecoin was created in 2013 as a joke cryptocurrency poking fun at the hype surrounding cryptocurrencies. Based on Litecoin, Dogecoin quickly gained a following and the “joke” took its place in the blockchain hall of fame.

Networks Mainnet, Testnet
Released 2013
Consensus Proof of Work (PoW)
Smart contracts No
Block time 1 minute
Smart contract language(s) supported No
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The meme coin of cryptocurrency

Unlike Bitcoin, Dogecoin’s cryptocurrency is what’s called an “inflationary coin” - more of it becomes available over time. It has the same technology behind it as Litecoin and currently ranks in the top 50 cryptocurrencies.