What is the maximum supply of Dogecoin?

Started by wdwqtvsrj0, Jun 03, 2024, 06:46 AM

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What is the maximum supply of Dogecoin?

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The maximum supply of Dogecoin is uncapped. Unlike Bitcoin, which has a maximum supply limit of 21 million BTC, Dogecoin does not have a fixed maximum supply. When Dogecoin was created in December 2013, its initial supply limit was set to be capped at 100 billion DOGE.

However, unlike other cryptocurrencies with fixed or deflationary supply schedules, Dogecoin's protocol originally had an inflationary monetary policy. Dogecoin was designed to produce a fixed amount of new coins per block, with the block reward decreasing over time. This means that new Dogecoins are continuously minted into circulation, albeit at a decreasing rate.

As of my last update, the block reward for mining Dogecoin is 10,000 DOGE per block. This reward is distributed to miners who successfully mine new blocks and validate transactions on the Dogecoin blockchain. Over time, the block reward will continue to decrease according to Dogecoin's predetermined issuance schedule.

While Dogecoin's inflation rate decreases over time, it does not have a fixed maximum supply limit like Bitcoin. As a result, the total supply of Dogecoin can theoretically continue to increase indefinitely, albeit at a decreasing rate. This unique feature distinguishes Dogecoin from many other cryptocurrencies and contributes to its inflationary monetary policy.

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