Dogecoin was created by Portland programmer Billy Marcus. He wanted to create a cryptocurrency that would be closer to a larger demographic group, and also distance himself from the history of Bitcoin, in particular related to the sale of drugs. Dogecoin was based on the existing Luckycoin cryptocurrency, which in turn was based on Litecoin, which is based on Bitcoin. As in Luckycoin, the size of the reward for each block in Dogecoin was set randomly. In March 2014, this provision was changed and the size of the award became fixed. Initially, it was thought that the size of the issue would be 100 billion, but it was later announced that the production of dogecoins would be unlimited. The Dogecoin community has repeatedly supported fundraising for charity. In January 2014, the community participated in the collection of 50 thousand dollars of the Jamaican bobsled team for participation in the 2014 Winter Olympics, which received qualifications but did not have the funds to participate in the competitions. On March 25, 2014, the community also raised some 67.8 million dogecoin (about $ 55,000 at that time) to fund rider Josh Wise (NASCAR Sprint Cup Series 2012). At the next competitions, he will perform in a car with Dogecoin symbols.

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