Is the total supply of Dogecoin fixed or can it change?
Dushyant MehtaDec 29, 2021 · 3 years ago3 answers
Can the total supply of Dogecoin be adjusted or is it set in stone?
3 answers
- Dec 29, 2021 · 3 years agoYes, the total supply of Dogecoin is fixed at 129.5 billion coins. Unlike some other cryptocurrencies, Dogecoin does not have a maximum supply cap. This means that new coins will continue to be mined indefinitely, but at a decreasing rate over time. The current rate of new coin creation is around 10,000 coins per minute, which will gradually decrease over the years. So while the total supply can increase, it is not subject to sudden or significant changes.
- Dec 29, 2021 · 3 years agoNo, the total supply of Dogecoin cannot be changed. It was set at 129.5 billion coins from the beginning and will remain fixed. This decision was made to ensure the stability and predictability of the Dogecoin ecosystem. By having a fixed supply, it prevents inflation and maintains the value of each individual coin. So you can rest assured that the total supply of Dogecoin will not be altered in the future.
- Dec 29, 2021 · 3 years agoThe total supply of Dogecoin is indeed fixed at 129.5 billion coins. However, it's important to note that this does not mean that the circulating supply will always remain the same. As coins are lost or destroyed, the circulating supply may decrease over time. Additionally, as more people adopt Dogecoin and demand increases, the circulating supply may also be affected. But the total supply itself will not change.
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