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Dogecoin is a cryptocurrency that was created in 2013 by Billy Markus and Jackson Palmer as a joke based on a dog meme. It is an open-source and decentralized digital currency that is forked from Litecoin. Dogecoin uses the same proof-of-work technology as Litecoin but has a faster block time and a higher supply of coins . Dogecoin's creators wanted to make a fun and light-hearted cryptocurrency that would appeal to a wider audience than Bitcoin .