What is the maximum supply of Dogecoin?

Started by rzx2d46ait, Jun 07, 2024, 06:29 AM

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rzx2d46ait

What is the maximum supply of Dogecoin?

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The maximum supply of Dogecoin is capped at 10,000 Dogecoins per block. However, unlike Bitcoin, Dogecoin does not have a fixed maximum supply cap. Initially, there was no hard cap on the total supply of Dogecoin, leading to concerns about inflation and sustainability.

However, in February 2014, the Dogecoin community voted to implement a fixed annual inflation rate of 5 billion coins to maintain the security of the network and provide incentives for miners. This means that new Dogecoins are continuously minted and added to circulation, but at a predictable and controlled rate.

As a result, while there is a maximum supply of 10,000 Dogecoins per block, there is no predetermined limit on the total number of Dogecoins that can be created over time. The continuous issuance of new coins through mining rewards helps to ensure the long-term viability and security of the Dogecoin network.

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