Dogecoin is a kind of cryptocurrency that began as a spoof on Bitcoin — yes, a joke! Now it’s one of the most highly valued cryptocurrencies, thanks in part to a plug from Tesla CEO Elon Musk that jolted the digital currency into popular consciousness and then the stratosphere.
Here’s what Dogecoin is, what it does, where it comes from and how to buy it.
What is Dogecoin?
Dogecoin is one of thousands of cryptocurrencies that have recently come into existence. But unlike many other digital currencies that were created to solve a problem, Dogecoin was created literally to poke fun at Bitcoin and the silliness of buying a digital asset that was not backed by any asset or cash flow. Now the tables have turned, and Dogecoin is worth money.
