Dogecoin is a parody cryptocurrency created by Australian entrepreneur,Jackson Palmer and software engineer Billy Markus in 2013. In an interview , Palmer said the idea for the project came from two internet tabs he had open on his computer at the time: one with a viral internet meme of a Japanese Shiba Inu “doge,” and the other with a list of the recently added cryptocurrency projects to the market. Palmer jokingly coined the phrase “Dogecoin” to himself and took to his Twitter account to post the now-infamous line, “Investing in Dogecoin, pretty sure it’s the next big thing.” It immediately sparked interest from the meme-fuelled crypto community. Dogecoin was initially designed to be “as ridiculous as possible,” in keeping with its parody theme and to prevent people from actually using it over the long term. The total supply of 100 billion dogecoins was one of the “wacky decisions” the co-founders implemented to “make [dogecoin] … undesirable as a cryptocurr...