Dogecoin News: Genesis Block Went Live 12 Years Ago Today

Key Insights

• Dogecoin news: marks 12 years since its first block went live in 2013.
• Billy Markus and Jackson Palmer recall how the coin started.
• Community moments and online posts from personalities like Elon Musk shaped Dogecoin’s rise.

Dogecoin news focuses on the twelfth year of the memecoin project, which officially launched back in 2013.

The first block went live on that date, and the event marked the start of a memecoin that later gained wide attention across social platforms and the broader crypto market.

Dogecoin News: Founders Look Back as DOGE Clocks 12

Dogecoin news continues to circulate as the community is acknowledging the twelfth anniversary of the chain.

The network started on December 6, 2013. The first block set the base for a coin that began as a light project by two software engineers.

Co-founder, Billy Markus, known online as Shibetoshi Nakamoto, shared a short post to mark the date.

His message stated that he made something simple, and the project later grew far beyond the early idea.

He also corrected the number of his followers, which now stands above two million.

Jackson Palmer played a key role in the early stage as a co-founder of the memecoin. He worked in marketing at Adobe when he bought the Dogecoin.com domain.

The page showed the logo and lines of Comic Sans text at the time. Markus saw the website and sent a message to Palmer, and the two then began building the coin.

Markus created the protocol from elements used in Luckycoin and Litecoin. These coins rely on scrypt for the proof-of-work process.

The same system shaped the early design of Dogecoin. The plan was simple, and the coin gained attention because of its link to online humor.

Kabosu, the Shiba Inu that appears on the logo, became known through photos posted online.

Interestingly, the image spread across many forums and later became tied to the identity of the coin.

The small dog with crossed paws became one of the most familiar memes on the internet.

Posts, Reactions, and a Growing Online Following

Many posts on X helped push the coin into a wider view. One big Dogecoin news came in April 2019 when Elon Musk said Dogecoin might be his preferred cryptocurrency.

His comments kept the community alive through 2020 and early 2021. Each short post created a quick activity in the market.

DOGE price reached an all-time high of $0.73 in May 2021, moving sharply from earlier levels.

Public interest rose because the coin was easy to share and discuss online. In the early days, Musk also said SpaceX would send a DOGE-1 satellite on a mission funded with the asset.

It is worth noting that the plan faced delays, but the Dogecoin news remained a major note in the story of the coin.

Dogecoin also faced one early setback as a web wallet called Dogewallet was hacked in December 2013.

Per the Dogecoin news, attackers reached the servers and removed funds from user accounts. Although the wallet was a third-party service, many users were affected.

Members of the community then began a recovery effort called Operation SaveDogemas.

Per Dogecoin news at the time, users created donation addresses. They sent DOGE to replace the lost funds.

The effort became part of the early history of the coin because it showed how users acted in the first months of the network.

Dogecoin News: Holds Market Position As It Marks The Occassion

Dogecoin news continues as the coin holds a place among the largest crypto assets. It ranks ninth in market value.

Its market capitalization stands at $22.56 billion. The DOGE price was $0.1389 at the time of reporting.

Kabosu passed away in May 2024. The image of the dog remains tied to the coin and to the early days of the meme that shaped its identity.

The community still marks each year of the network and keeps the story of the coin active.