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Translation: Dogecoin, referred to as "doggy coin/dog coin" by some people, was created on December 8th, 2013. It is the second-largest virtual currency worldwide after Bitcoin and operates on the Scrypt algorithm. Digital currencies are universally recognized currencies initiated by individuals that do not pertain to any specific country but rather belong to humanity as a whole. They possess advantages such as rapid global transfer speeds - for instance, funds can be transferred from one country to another within seconds with minimal fees - while maintaining relative stability in terms of total supply unlike fiat currencies which can be subjectively increased at will."