Price: $0.19342 -0.3996%
Market Cap: 28.37B 1.1039%
Volume (24h): 4.66B 0.2%
Dominance: 1.1039%
Price: $0.19342 -0.3996%
Market Cap: 28.37B 1.1039%
Volume (24h): 4.66B 0.2%
Dominance: 1.1039% 1.1039%
  • Price: $0.19342 -0.3996%
  • Market Cap: 28.37B 1.1039%
  • Volume (24h): 4.66B 0.2%
  • Dominance: 1.1039% 1.1039%
  • Price: $0.19342 -0.3996%
Home > Information news > Dogecoin's Big Secret Exposed by DOGE Cofounder, See Details

Dogecoin's Big Secret Exposed by DOGE Cofounder, See Details

Release: 2023/12/08 06:00 Reading: 896

Original author:U.Today

Original source:https://coinmarketcap.com/community/articles/6571e046f8b22a648220372a

Dogecoin's Big Secret Exposed by DOGE Cofounder, See Details

Billy Markus, who created the legendary meme cryptocurrency Dogecoin together with Jackson Palmer and launched it in 2013, has revealed the details of how DOGE was created 10 years ago. But, more importantly, he exposed a big secret about Dogecoin that has allowed it to exist until now and will allow it to exist longer on the market.

Some believe that this “bug” gives Dogecoin a major advantage over Bitcoin as an actual replacement for cash.

Here’s how Markus and Palmer created Dogecoin

On Dec. 6, the 10th “birthday” of Dogecoin was celebrated, and Markus published an X post, sharing some details about how he created the very first meme cryptocurrency in the world.

Markus did not share all of the details, but from his tweet published on Dec. 6, 2013, 10 years ago, it is clear that it was Jackson Palmer who suggested the idea of creating Dogecoin, and Markus responded to his call as he found it interesting.

10 years ago i saw a funny tweet about the idea of dogecoin and i decided to make it in a few hours, then a bunch of weird things happened and now the currency is worth 14 billion dollars for some reason https://t.co/2qEcAf5y8h

— Shibetoshi Nakamoto (@BillyM2k) December 6, 2023

Markus responded, offered his services as a crypto developer and sent Palmer a link to the bitcointalk forum; that page contained the details of a coin that he had already made a code for – “Bells.”

Ultimately, Billy Markus created DOGE in just two hours, sitting at home, and then “a bunch of weird things happened and now the currency is worth 14 billion dollars for some reason.”

Bug left in Dogecoin

X account @reddit_lies, with slightly more than 300,000 followers, pointed out to Markus that Dogecoin contains a curious feature – “Dogecoin doesn't have an artificial limit on the number of coins that can be mined.” The user pointed out that it makes DOGE better than its predecessor, Bitcoin, with a fixed supply of 21 million in the sense that Dogecoin can actually replace regular fiat cash.

Markus explained that he was aware of this feature and said that it was a “bug” that he and Palmer left there on purpose. They did not expect Dogecoin to be around for more than a year since they did not believe that people would be interested in this parody of Bitcoin and its code any longer than that.

yeah, that was a bug 🤣 but we left it in it was designed to die in about a year cuz i thought that was the max amount of time people would be amused by the joke, but a bug gave it a long tail if that bug was fixed, doge woulda died many years ago

— Shibetoshi Nakamoto (@BillyM2k) December 6, 2023

However, Markus admitted that the bug “gave it a long tail.” If they had fixed that issue, Markus said, “doge woulda died many years ago.”

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.