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Dogecoin is a cryptocurrency created in 2013, originally intended to make fun of the altcoin boom that occured that year. Since its release, a community has formed around the coin, which is used primarily as a tipping tool on various social media platforms. The currency is roughly based on Litecoin, with several differences, including a block time of 1 minute, compared to Litecoin's 2.5 minutes between blocks. Dogecoin is inflationnary by design and has no supply cap, in contrast to Bitcoin which is capped at 21 million bitcoins.
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