# Dogecoin (DOGE): D-Score 93.5/100 — Highly Decentralized

**BlockIndex D-Score: 93.5/100 (Highly Decentralized).** Dogecoin (DOGE) is a Layer 1 cryptocurrency using PoW consensus. Dogecoin: Meme-driven Layer-1 PoW cryptocurrency with one-minute blocks, uncapped supply, strong community and broad exchange liquidity.

_Source: https://blockindex.ai/coin/doge · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 93.5 |
| Node distribution | 30 |
| Initial distribution | 25 |
| Governance | 21 |
| Age and history | 15 |
| Autonomy | 2.5 |

## Key facts
- Layer: Layer 1
- Consensus: PoW (Scrypt)
- Launch: Fair Launch (2013)
- Founder: Billy Markus; Jackson Palmer
- VC funded: No
- Max supply: N/A
- Circulating: 170,436,183,127

## Market data (as of 2026-06-19)
- Price: $0.08
- Market cap: $14.03B
- 24h volume: $508.78M
- 24h change: -2.47% · 7d change: -5.19%

## About
Dogecoin began as a light-hearted fork of Litecoin and quickly grew into one of the most recognizable cryptocurrencies in the ecosystem. Launched on December 6, 2013, by Billy Markus and Jackson Palmer, Dogecoin combined the technical foundations of a Scrypt-based Proof-of-Work chain with a community-first, meme-driven identity. From its origins as an internet joke and tipping currency, the project evolved into a widely traded Layer-1 network with robust retail usage, a highly engaged global community, and periodic institutional interest. The Dogecoin Foundation — relaunched in 2021 as a not-for-profit steward — coordinates developer funding, signature trailmap initiatives and advocacy while volunteer contributors maintain core infrastructure and libraries. Over time the network has been used for microtransactions, tipping, community fundraising, and increasingly for broader utility experiments including developer libraries and Layer-2 research.

Technically, Dogecoin operates as an independent UTXO-based blockchain that inherited Litecoin’s Scrypt hashing algorithm and supports merged mining (AuxPoW) to enable miners to secure both Dogecoin and Litecoin simultaneously. The protocol emphasizes fast confirmation times with a targeted one-minute block interval, modest transaction fees, and a continuously issuing monetary policy rather than a capped maximum supply. Development activity centers on Dogecoin Core releases and companion tooling such as Libdogecoin, which facilitate multi-language integrations (Python, Node.js, Ruby, C libraries). Recent releases such as Dogecoin Core v1.14.7 and Libdogecoin v0.1.3 reflect an ongoing focus on RPC improvements, security hardening, and developer experience. Infrastructure work like the Cardinals Index Node Upgrade indicates a roadmap aimed at improving indexing, observability and enabling a broader set of dApp/DeFi/AI integrations.

Dogecoin’s ecosystem is characterized by broad exchange coverage, extensive wallet support (hardware and software), and significant on-chain liquidity. It is listed across major analytics platforms (CoinMarketCap, CoinGecko, Messari and others) and traded on multiple Tier-1 centralized exchanges, which underpins its market depth and accessibility. The tokenomics are intentionally inflationary: Dogecoin has no hard cap and continues to issue new supply through block rewards; circulating supply figures are published by major aggregators and currently sit in the order of ~152.2 billion DOGE. This economic design supports ongoing miner incentives but also creates persistent inflationary pressure, which the community and foundation consider when discussing long-term use-cases and utility expansion.

Governance remains primarily off-chain, coordinated through the Dogecoin Foundation and community contributors on GitHub and public forums. The project does not operate a formal on-chain DAO; decision-making relies on foundation leadership, maintainers and open-source contribution workflows. Security events have shaped the network’s resilience posture — notable items include a Halborn audit and related vulnerability disclosures in 2023 and the December 2024 “DogeReaper” incident that caused many nodes to crash and triggered rapid remediation and coordination efforts. Looking forward, the combination of foundation-led initiatives (Libdogecoin, GigaWallet, Keyring/SDK), infrastructure upgrades (Cardinals Index) and increased institutional holdings in 2025 positions Dogecoin to broaden practical utility, though sustained emphasis on security, node robustness and developer tooling remains essential.

## Links
- Website: http://dogecoin.com/
- Whitepaper: N/A
- GitHub: https://github.com/dogecoin/dogecoin/releases

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore