As of December 2017, over 112 billion coins had been mined. Compared with other cryptocurrencies, Dogecoin had a fast initial bitcoin and dogecoin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5. 256 billion coins every year thereafter. 100 billionth Dogecoin had been mined.
Dogecoin tips to other users for providing interesting or noteworthy content. In addition, he wanted to distance it from the controversial history of other coins, mainly bitcoins. Palmer purchased the domain dogecoin. Markus saw the site linked in an IRC chat room, and started efforts to create the currency after reaching out to Palmer. Dogecoin was officially launched on December 6, 2013.