Dogecoin was Introduced as a 'joke currency' on 6 December 2013, Dogecoin was created by programmer Billy Markus from Portland, Oregon, who hoped to create a fun cryptocurrency that could reach a broader demographic than bitcoin. Jackson Palmer, a member of Adobe Systems' marketing department in Sydney, was encouraged on Twitter by a student at Front Range Community College to make the idea a reality. Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared to other cryptocurrencies, It had a fast initial coin production schedule. It produced 100 billion coins in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter.

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