Dogecoin

Dogecoin is an open-source, peer-to-peer digital currency that was created in 2013 and is based on the "Doge" Internet meme, featuring a Shiba Inu dog as its logo. Dogecoin was created by Billy Markus, who is from Portland, Oregon, and Jackson Palmer, who is from Sydney, Australia, and it was forked from Litecoin. Tesla CEO Elon Musk has posted multiple tweets on social media stating that Dogecoin is his favorite cryptocurrency. The Dogecoin network uses a Proof-of-Work (PoW) consensus mechanism and the Scrypt algorithm for mining.