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In this way, the internet legend shifted from Doge to Dogecoin. On December 6th, on BitcoinTalk, a well-known Bitcoin forum, a new member named Dogecoin posted a message about a competitive coin named Dogecoin, which Chinese translates as a dog coin, cute and memorable. The title of the post is Dogecoin - very currency - many coin - wow - v1.1 Released, and the style of the teaser is in line with Doge's.

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Dogecoin may be the least likely success story for cryptocurrencies, but the ultimate success is the inevitable result of the enthusiasm of the user community. It started out as a cryptocurrencies joke, a token based on Japanese Shiba Inu memes. The "Dogecoin - very currency - many coin - wow - v1.1" announcement was posted on the Bitcoin Talk forum and now regularly appears in the top 20 cryptocurrencies.

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According to reports, Dogecoin (DOGE) is a cryptocurrencies dedicated to the real practical value of money. With faster block intervals and extremely low rates, Dogecoin is better suited for small payments and online shopping. Dogecoin has been used by multiple merchants, allowing consumers to easily transfer money using DOGE.

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In response to 51 per cent of attack concerns, Dogecoin merged its mining with Litecoin in 2014 to enable both assets to be mined at the same time. Notably, the joint mining of Litecoin and Dogecoin affected Lee's new pool donation concept.