What is Dogecoin backed by?

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Dogecoin’s blockchain has merit with its underlying technology derived from Litecoin. Notable features of Dogecoin, which uses a scrypt algorithm, are its low price and unlimited supply.

Does DOGE have its own Blockchain?

Dogecoin is a cryptocurrency that, like other cryptocurrencies such as Bitcoin and Ethereum, runs on Blockchain technology.

Is Elon Musk still behind Dogecoin?

Elon Musk claims he continues to support Dogecoin because less wealthy people want him to. However, some investors are pursuing a lawsuit that claims Musk pumped DOGE when it had no real value.

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