Dogecoin (DOGE) is an open source cryptocurrency based on the mechanism of operation of Litecoin and Bitcoin. Named after the Internet meme Doge. It was presented on December 8, 2013. It is characterized by high transaction speed and low commission. The average time to create a Dogecoin block is 1 minute. It is considered the first "meme cryptocurrency". Despite its satirical nature, Dogecoin has rapidly developed an online community and is currently actively being implemented in the field of online payments.