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What is Dogecoin? Dogecoin is an open source & decentralized peer-to-peer digital currency that enables you to send and receive money online. It was created as a derivative to Bitcoin by Shiba Inus worldwide with Doge(internet meme) present on its logo. Dogecoin is used with a wallet on your desktop, smartphone, or on website where you can use it to buy goods and services, or even trade it for other cryptocurrencies or traditional currency like US dollar. There are tons of people on reddit or twitter who are eager to give away dogecoin. One of the most popular uses for Dogecoin is "tipping system on internet" in which social media users grant Dogecoin tips to other users for providing interesting or noteworthy content. Compared to other cryptocurrencies, Dogecoin has a very fast initial coin production schedule, there will be approximately 100 billion coins in circulation by the end of 2014 with an additional 5.2 billion coins every year thereafter. As of 30 March 2014, over 65 billion Dogecoins have been mined. Initially Dogecoin was intended only to produce 100 billion Dogecoins, but later on, it announced that the Dogecoin network would produce infinite Dogecoins. Check the youtube video https://www.youtube.com/watch?v=_KVZmS_UO5I How does Dogecoins works? Like Bitcoin and Litecoin, Dogecoin also uses public-key & private key cryptography, wherein users generate a pair of cryptographic keys: one public and one private. Public key is open for all and doesn’t carry any secret/ encrypted information whereas private key must be kept secret and secure as it can decode information encrypted with the public key. Hence user can circulate the public key openly without any fear. Dogecoin addresses are a string of 34 numbers and letters (both upper and lower case), starting with the letter D. A public key refers to the Dogecoin address which the account identity to which other users can send Dogecoins. How to start with Dogecoins? It is very easy to start using Dogecoin. Step 1: Get A desktop, phone, online or paper Wallet. Step 2: Participate in community or on social network and get some Dogecoin. Step 3: Use Your Dogecoin.