Dogecoin is a cryptocurrency created in 2013 as a bifurcation of the Litecoin blockchain. Its task is to conduct peer—to-peer transactions without centralized management. Earnings on the coin were not expected. The developers thought it would be a humorous parody to encourage content creators.

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Dogecoin

Elon Musk

TIME

Hey, congrats @elonmusk on being @TIME 's Person of the Year and for dropping some straight fax about #dogecoin - much, much wow! https://t.co/PvQW0xOdfb

Mr. Tweet

Person of the Year Elon Musk on Cryptocurrency 

Watch: TIME's 2021 Person of the Year @elonmusk discusses cryptocurrency #TIMEPOY https://t.co/FfwEGxW7LX https://t.co/5BXAZky0LS

Twitter

Hey, congrats @elonmusk on being @TIME 's Person of the Year and for dropping some straight fax about #dogecoin - much, much wow! https://t.co/PvQW0xOdfb

Watch: TIME's 2021 Person of the Year @elonmusk discusses cryptocurrency #TIMEPOY https://t.co/FfwEGxW7LX https://t.co/5BXAZky0LS