Training Example: Dogecoin – Review the Data, Give Your Score & Compare to the Real AI Evaluation

[H2] What is Dogecoin?
An open-source peer-to-peer digital currency, favoured by
Shiba Inus worldwide.At its heart, Dogecoin is the accidental crypto movement that makes people smile! It is also an opensource peer-to-peer cryptocurrency that utilises blockchain technology, a highly secure decentralised system of storing information as a public ledger that is maintained by a network of computers called nodes. More than this, though, is the ethos of Dogecoin, summarised in the
Dogecoin Manifesto
, and its amazing, vibrant community made up of friendly folks just like you!
Learn more.
[H2] Getting started
[H3] 01 choose your wallet
A wallet is necessary for people wanting to use, trade, or hold Dogecoin. You can pick a walletLearn more.
[H3] 02 configure your wallet
After downloading, you can configure your wallet according to ourguide.
[H3] 03 get some dogecoin
There’s lots of ways to get your hands on some Dogecoin.Learn more.
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[H2] Do Only Good Everyday.
The Dogecoin community cares about supporting each other, being kind, teaching people about cryptocurrency, fundraising, having fun, making memes, and being absurd. This is nicely captured by Dogecoin’s unofficial tagline: Do Only Good Everyday. Get involved in our awesome community via the below links:
FAQ
Resources
How To's
DocumentationA common source of FUD surrounding Dogecoin is the claim that certain wallets holding a large percentage of the supply are owned by private investors or so-called “whales”. In reality, many of the top Dogecoin wallets are cold wallets or hot wallets controlled by …Read more…Oh yes it does, and it always has! The simple fact is that money has utility - and Dogecoin is money! Indeed, Dogecoin is one of the few cryptocurrencies that has been used for this main purpose from day one.Dogecoin was first meant to be a joke - and it served, and will serve, …Read more…
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Right now, and for the next hundred years or so, Dogecoin operates like, and will continue to operate like, most other crypto assets. “Capped” assets are nowhere near mined out – and will continue adding to their supply, just like Dogecoin, for the foreseeable future.Dogecoin’s …Read more…Dogecoin does not need coin burning marketing mechanisms that new tokens and other chains have attempted to implement to artificially inflate their prices.Simplez.
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Oh, yes it does - and it always has!Dogecoin’s primary purpose has always been to be used as a currency. Billy Markus, co-creator of Dogecoin with Jackson Palmer, acted as a solo developer for the first Dogecoin Core releases. In 2014, Billy and Jackson left Dogecoin …Read more…A list of resources created by shibes that can be useful to work with Dogecoin and to research it.
[H3] Tools to Monitor and Study Dogecoin and its Network
SoChain - Dogecoin chain explorer.Dogechain - Dogecoin chain explorer.Blockcypher - Dogecoin chain explorer.Blockshibe - monitor the work of miners and mining pools.Blockchair - monitor the number and versions of Dogecoin …Memes are awesome, and they’re easy to make! There’s lots of meme maker websites, and even meme applications that you can install on your smartphone to makes memes on the run. You may even go one step further and create Dogecoin-themed meme templates which have a possibility of …Read more…Miners and mining are at the center of Dogecoin’s Proof of Work consensus mechanism. Check these Dogepedia articles to understand what miners do, how they interact with nodes, and why mining pools come into play when it comes to mining:What is a miner?What is a mining …Read more…A wallet is just a collection of private keys and public keys.Each one of the wallet’s private keys is a randomised 256-bit number unique to your wallet, and it is what you need to be able to access and spend your coins. Your public address - the address which other Dogecoin …Read more…Dogecoin is an open-source project, meaning that anyone with some technical know-how can contribute to Dogecoin’s technical development. Even if you’re new to the space, it’s never too late to learn new tricks!Dogecoin has an amazing team of developers and volunteers who are …Read more…Magic and memes! (Just kidding. Kind of.)First things first: Dogecoin is money.Like other popular cryptocurrencies, Dogecoin works by utilising blockchain technology. Unlike a lot of other popular cryptocurrencies, though, the fees to send Dogecoin are extremely small, and the …Read more…Mining pools are services, operated by third parties not affiliated with Dogecoin, which allow a group of miners to combine their hashing power when attempting to solve the “puzzles” involved in mining Dogecoin.Mining rewards - consisting of 10,000 Dogecoin per block …Read more…Dogecoin’s history includes many charitable endeavours: from funding clean water wells in 2014 for Kenya, to the #TeamSeas initiative in 2021 – and many worthwhile causes in-between. The past year, though, has seen a dramatic increase in charities directly accepting Dogecoin …Read more…
VIEW ALL
[H2] Find out more about Dogecoin
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[H5] Foundation
Learn more about the Dogecoin Foundation and its Trailmap for Dogecoin!Visit ->
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[H5] Blogs
Stay up to date with blog posts from Foundation Developers!Visit ->
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[H5] Announcements
Announcements from the Dogecoin Foundation can be found here.Visit ->
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[H5] IP FAQs
Read our responses to some frequently asked questions about Dogecoin IP.Visit ->

[H1] Dogepedia
< Much Go Back — DogepediaAlso available in
Dogepedia is the resource containing Documentation, Guides, FAQs and Resources related to Dogecoin. The place to be for all shibes trying to learn about Dogecoin and crypto. Such knowledge! Much wow!
[H2] Documentation
[H3] Dogecoin
The basics. Learn what Dogecoin is, and how it works.What is Dogecoin?What is the history of Dogecoin?How does Dogecoin work?Who owns and controls the Dogecoin network?I want some Dogecoin! How can I get it?
[H3] Wallets
Your journey with Dogecoin might start here. A wallet application allows you to save and spend your Doge.How do I get a wallet?How do I backup my wallet?What are the benefits of a hardware wallet, and how to use it with Doge?How do I recover a lost wallet?What is a wallet, really?
[H3] Using your Doge
Dogecoin is a cryptocurrency, and you can use it to send and receive payments.How do I send and receive Dogecoin?How can I use Dogecoin to buy stuff from my favorite stores?Is my privacy protected while using Dogecoin?
[H3] Community and Ecosystem
How can I join the Dogecoin community?What is the Dogecoin Foundation?How can I help?How can my business accept Dogecoin?What merchants currently accept Dogecoin?What are some charities that accept Dogecoin?What is Dogecoin Folding @ Home?
[H3] Running Nodes, Mining, and More
For the technical shibe - but not only. Learn how the Dogecoin network actually works, and how to support it.What is a blockchain?What is a node and why is it important? Do I need to run one?What is a miner?What is a mining pool?How do I setup a node?How can I mine Dogecoin?
[H3] Development
Dogecoin is useful, personable, welcoming, and reliable: and it is evolving.Who are the current Dogecoin developers?How can I become a Dogecoin developer?Is there a roadmap?
[H2] How-Tos
For all the shibes who want to learn new tricks.Operating a Dogecoin NodeMining DogecoinMaking Memes
[H2] FAQ & FUD
Let’s fight against the disinformation surrounding Dogecoin! Much wow!Dogecoin is just a joke!Dogecoin has no utility!Dogecoin has no developers!Why don’t the devs burn some of the supply?Why don’t the devs put a cap on Dogecoin?Is it true that one person holds 28% of the total supply?Dogecoin is inflationary, while other cryptos aren’t!

[H1] Wallets
< Much Go Back — Wallets Disclaimer: We have not performed any audits of the wallets listed below.Order Wallet OS Type Type Features Features Download14
[IMG: Ammer Wallet]
Ammer Walletandroid
iostype_new_usertype_self_custodialtype_2faSelf Custodial
2FA
Android
IOS
Download Android IOS6
[IMG: BitPay]
BitPayandroid
iostype_new_usertype_self_custodialtype_2faSelf Custodial
2FA
Android
IOS
Download Android IOS4
[IMG: Coinbase Wallet app]
Coinbase Wallet apptype_browser_wallet
android
iostype_new_usertype_self_custodialtype_2fa
type_apiSelf Custodial
2FA
API
Browser Wallet
Android
IOS
Download Android IOS5
[IMG: Coin Wallet]
Coin Wallettype_browser_wallet
linux
windows
macos
android
iostype_new_user
type_experienced_usertype_self_custodialtype_2fa
type_import_wallet
type_opensource
type_apiSelf Custodial
2FA
Import Wallet
Opensource
API
Browser Wallet
Linux
Windows
MacOS
Android
IOS
Download x86_64 win64 MacOS Android IOS Browser Coin Wallet20
[IMG: Cypherock]
Cypherocktype_hardware_wallet
linux
windows
macos
android
iostype_experienced_usertype_self_custodialtype_2fa
type_opensourceSelf Custodial
2FA
Opensource
Hardware Wallet
Linux
Windows
MacOS
Android
IOS
Download x86_64 win64 MacOS Android IOS Cypherock3
[IMG: DogeChain]
DogeChaintype_browser_wallettype_new_usertype_self_custodialtype_2fa
type_opensource
type_apiSelf Custodial
2FA
Opensource
API
Browser Wallet
Download Browser1
[IMG: Dogecoin Core]
Dogecoin Corelinux
windows
macostype_new_user
type_experienced_usertype_self_custodialtype_2fa
type_full_node
type_import_wallet
type_multisig
type_opensource
type_apiSelf Custodial
2FA
Full Node
Import Wallet
Multisig
Opensource
API
Linux
Windows
MacOS
Download i686 x86_64 win32 win64 MacOS Dogecoin Core12
[IMG: DogeWallet (Dogeparty wallet)]
DogeWallet (Dogeparty wallet)type_browser_wallet
linux
windows
macostype_experienced_usertype_self_custodialtype_import_wallet
type_opensourceSelf Custodial
Import Wallet
Opensource
Browser Wallet
Linux
Windows
MacOS
Download i686 x86_64 win32 win64 MacOS Browser DogeWallet (Dogeparty wallet)5
[IMG: Edge]
Edgeandroid
iostype_new_user
type_experienced_usertype_self_custodialtype_2fa
type_import_wallet
type_opensource
type_apiSelf Custodial
2FA
Import Wallet
Opensource
API
Android
IOS
Download Android IOS Edge17
[IMG: Exodus]
Exoduslinux
windows
macos
android
iostype_experienced_usertype_self_custodialtype_2fa
type_import_walletSelf Custodial
2FA
Import Wallet
Linux
Windows
MacOS
Android
IOS
Download i686 x86_64 win32 win64 MacOS Android IOS Browser18
[IMG: Gem Wallet]
Gem Walletandroid
iostype_new_usertype_self_custodialtype_opensourceSelf Custodial
Opensource
Android
IOS
Download Android IOS Gem Wallet12
[IMG: Guarda Wallet]
Guarda Wallettype_browser_wallet
linux
windows
macos
android
iostype_new_usertype_self_custodialtype_2fa
type_import_walletSelf Custodial
2FA
Import Wallet
Browser Wallet
Linux
Windows
MacOS
Android
IOS
Download i686 x86_64 win32 win64 MacOS Android IOS Browser Guarda Wallet16
[IMG: imToken Wallet]
imToken Walletandroid
iostype_new_usertype_self_custodialtype_2fa
type_opensourceSelf Custodial
2FA
Opensource
Android
IOS
Download Android IOS imToken Wallet10
[IMG: Ledger]
Ledgertype_hardware_wallettype_experienced_usertype_self_custodialtype_2faSelf Custodial
2FA
Hardware Wallet
Download Browser2
[IMG: MyDoge]
MyDogeandroid
iostype_new_usertype_self_custodialtype_2fa
type_tipping_botSelf Custodial
2FA
Android
IOS
Tipping BOT
Download Android IOS13
[IMG: ShapeShift]
ShapeShifttype_browser_wallet
android
iostype_experienced_usertype_self_custodialtype_2fa
type_import_wallet
type_opensourceSelf Custodial
2FA
Import Wallet
Opensource
Browser Wallet
Android
IOS
Download Android IOS Browser ShapeShift8
[IMG: SoDogeTip]
SoDogeTiptype_browser_wallettype_new_usertype_custodialtype_2fa
type_tipping_botCustodial
2FA
Browser Wallet
Tipping BOT
Download Browser14
[IMG: THORWallet]
THORWallettype_browser_wallet
android
iostype_experienced_usertype_self_custodialtype_2fa
type_import_walletSelf Custodial
2FA
Import Wallet
Browser Wallet
Android
IOS
Download Android IOS Browser9
[IMG: Trezor]
Trezortype_hardware_wallettype_experienced_usertype_self_custodialtype_2fa
type_opensourceSelf Custodial
2FA
Opensource
Hardware Wallet
Download Browser Trezor7
[IMG: Trust Wallet]
Trust Walletandroid
iostype_new_usertype_self_custodialtype_2fa
type_opensourceSelf Custodial
2FA
Opensource
Android
IOS
Download Android IOS13
[IMG: Vultisig]
Vultisigtype_browser_wallet
linux
windows
macos
android
iostype_new_user
type_experienced_usertype_self_custodialtype_2fa
type_multisig
type_opensourceSelf Custodial
2FA
Multisig
Opensource
Browser Wallet
Linux
Windows
MacOS
Android
IOS
Download i686 win64 MacOS Android IOS Browser Vultisig

[H1] What is a miner?
< Much Go Back — What is a miner?Also available in
A Miner is a specialized node in the Dogecoin network.After regular nodes in the network, by referencing the blockchain, have verified that a Dogecoin transaction is valid, the transaction is shown in a “pending” state. It stays in this state until a miner or a collective of miners known as a mining pool picks up the transaction.
[H3] Miners: ELI5
Miners are nodes using special hardware (normally Scrypt ASIC miners) which allows them to solve cryptographic puzzles, in a process referred to as “mining”. A miner receives new transactions from the other nodes in the network, combines them in a block following predetermined and inviolable rules enforced by the network, and then attempts to solve a puzzle that will generate a special number, called a hash, that is derived by combining the content of the block and a number called nonce (number used once).When a miner solves one of these puzzles before any other miner in the network, it is allowed to create a new block in the blockchain, thus confirming the transactions it has included in it. Miners make the blockchain secure and are rewarded for their work with so-called block rewards, consisting of 10,000 Dogecoin per mined block. Miners are also rewarded with the transaction fees associated with the transactions they have included into the block.If you want to explore this process more in-depth, you can proceed to the next session - but this should be enough to understand what a miner is and what it does for the Dogecoin network.
[H3] The Role of Miners in the Dogecoin Network
Miners play several fundamental roles.They confirm transactions by adding them into a new blockThey secure the blockchainThey introduce new coins into circulationAll the miners in the Dogecoin network are in constant competition to solve computationally-intensive puzzles, consisting in finding a special number called a nonce. The first miner - or the first mining pool - that is able to find a nonce that, when hashed along with the content of the block header, returns a number smaller than the current network’s difficulty target, is the one allowed to write a new block into the blockchain.The process of solving this puzzle is known as Proof of Work. By design, generating this proof is computationally intensive and thus requires a significant amount of electricity. This energy expenditure is what secures the network. A potential group of attackers would first need to gain control over a significant amount of expensive mining hardware; then, they would need to spend a lot of energy to sustain a prolonged attack against the network.Unlike Bitcoin, but like Litecoin and other cryptocurrencies, Dogecoin uses the Scrypt algorithm as its underlying Proof of Work function.The difficulty target is a way to measure how difficult it is for a miner in the network to produce a valid block; the lower the target value, the more difficult it will be for a miner to generate a valid block because finding a proper nonce takes a longer period of time. Dogecoin’s difficulty is adjusted at every block using the Digishield algorithm.A block is a data structure made of a block header, containing important information including the hash of the past block, followed by a long list of transactions, making the bulk of its content. Every block that is created contains the hash of the preceding block in its header, which in turn contains the hash of its preceding block, so on and so forth creating a chain all the way back to Dogecoin’s genesis block.After a miner has mined a block, the other nodes in the network must validate it. Finally, the block is propagated throughout the network and is included in the blockchain. By chaining together blocks in this way and creating them by following strict rules enforced by the network, miners secure the blockchain and make it immutable, since the validity of a block depends on all the blocks that preceded it.In return for all this work, a miner is awarded 10,000 newly minted Dogecoin, known as a block reward. In addition to this block reward, miners are awarded the transaction fees associated with the transactions they have included into the block. Historically, transaction fees represent a small portion of a miner’s income. Currently, transaction fees make up significantly less than 1% of the total income of most miners in the network.Dogecoin blocks have a maximum size of 1MB and a new block is generated every minute. Considering an average transaction size of 250 bytes, a miner could theoretically include up to 4,000 Dogecoin transactions in a single block.
[H3] Miners and Hashing Power
Each miner contributes to the network a certain amount of hashing power, a metric used to indicate the computational power of a miner in relation to the puzzle it is attempting to solve when mining a new block. The hashing power depends strictly on the hardware the miner is using. Currently, most profitable miners rely on the computational power of specialized machines called ASIC Miners.The hashing power of all the miners in the network is referred to as Mining Hashrate, and it is a key metric in the health of the Dogecoin network as the more hashing power in the network, the greater its security and its overall resistance to attacks.
[H3] AuxPoW or “Merged Mining” With Other Scrypt-based Proof of Work Cryptocurrencies
Many coins, including Litecoin and Dogecoin, use the same Scrypt algorithm for their Proof of Work.In 2014, since the total hashrate of Dogecoin was declining, the creator of Litecoin, Charlie Lee, proposed a solution: allowing Dogecoin to accept proofs calculated for other cryptocurrencies using the same implementation of the Scrypt algorithm. The proposal was accepted and implemented in 2015 by the Dogecoin Developers. The way this was implemented is commonly referred to as Auxiliary Proof-of-Work (AuxPoW).As a result, the proof of doing work on Litecoin or in any other classic Scrypt coin can be used as proof for mining a Dogecoin block. To do so, the miner must prepare that block with a reference in its header to the Dogecoin block it is going to mine at the same time. As long as the scrypt proofs are well-formed and match the difficulty target of the Dogecoin network, then the proof can be accepted as valid.Simply put, miners can use the same computational power they would use to calculate proofs for a single cryptocurrency to provide proofs to multiple chains simultaneously, receiving rewards from several blockchains at once, thus increasing their profit and working more efficiently.
[H3] Mining Dogecoin
Mining Dogecoin profitably requires specialized (and expensive) hardware (ASIC miners); additionally, mining consumes significant amounts of electricity and involves significant maintenance costs and experience.Miners usually prefer to work together in so-called Mining Pools, as combining their hashing power with other miners in the network makes the process of finding new blocks more predictable, and, in the end, more profitable.If you are interested, please check our introduction to mining to get you started.