GS PAPER III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.

Context: Just as the virtual currencies Bitcoin and Ethereum have surged in value this week, so has Dogecoin — a cryptocurrency started in 2013 as an internet parody.

Dogecoin

• The digital token was created in 2013 by software engineers Billy Markus and Jackson Palmer as a faster but “fun” alternative to Bitcoin.
• It was started as a satire on the numerous fraud crypto coins that had sprung up at the time, and takes its name and logo from a Shiba Inu meme that was viral several years ago.
• Unlike Bitcoins, whose maximum possible number is fixed at 21 million, Dogecoin numbers do not have an upper limit, and there are already more than 100 billion in existence.

https://indianexpress.com/article/explained/dogecoin-cryptocurrency-value-7276956/

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