Dogecoin is an open-source digital currency that is used by internet users worldwide. The framework is based on Litecoin, meaning that all modifications and updates made to it will also be made to Dogecoin. The initial aim of the coin was not to create an innovative technology or something novel and impressive, but rather to create an easy to use transaction platform. Dogecoin has a strong and loyal userbase who use Doge as a currency rather than just hold it as a speculative asset. Although, like other cryptocurrencies, Dogecoin can definitely be held as an investment or traded in pursuit of making a profitable return.