Created in 2013 by a couple of software engineers as a joke, cryptocurrency doesn’t have much use in the real world outside of a few niche markets, including upcoming online artists.
Unlike Bitcoin, which has set 21 million as the finite amount of digital currency, dogecoin has 129 billion coins in circulation and will continue to make new currency blocks available to each block.
This is part of the reason why a dogecoin costs less than $ 1, while each bitcoin costs about $ 55,000.
– David Goldman and Diksha Madok contributed to this report.
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