In this video, we discuss what is Dogecoin, how it works, differences between Dogecoin and Bitcoin and controversies surrounding it. What is a Dogecoin? Dogecoin is an open-source, peer-to-peer cryptocurrency created as a joke for crypto enthusiasts. However, it exploded and became one of today’s most widely used cryptocurrencies. It has billions of dollars as market cap. Who invented Dogecoin? – Jackson Palmer and Billy Marcus in March 2013. Difference between a Dogecoin and Bitcoin? – Dogecoin has an unlimited supply. On the other hand, Bitcoins have a very limited supply. – Bitcoin is more universally accepted as a form of currency than Dogecoin. – Dogecoin is inflationary, whereas Bitcoin is deflationary. – Bitcoins are perceived as much more stable than Dogecoin. Controversies around Dogecoin – The departure of Jackson Palmer, who claimed that a "toxic community" had grown up around the coin. – Ryan Kennedy’s conviction in 2016 was …
