Dogecoin is a cryptocurrency like Bitcoin which was created out of an internet meme. Jackson Palmer introduced Dogecoin to the world in December 2013. Since then, Dogecoin has seen both bullish and bearish markets and has simultaneously earned a reputation as a “tipping” currency – meaning you can tip someone instantly using Dogecoins instead of valueless upvotes, likes, and re-tweets. Dogecoin is famously known as the “joke currency”. Palmer did indeed found the cryptocurrency as a joke, but he did so under the motivation of many people who re-tweeted Jackson’s idea several times. Unlike Bitcoin’s deflationary model, Dogecoin is an inflationary cryptocurrency. It has a quite high inflation rate as well as an extremely large and uncapped coin supply. While Dogecoin is technically a fork of Litecoin, they have changed several parameters. For instance, Dogecoin has a 1-minute block time, while Litecoin has a 2.5-minute block time. Also unlike Litecoin, their coin supply is uncapped and unlimited for perpetuity