What is the current cap limit for Dogecoin?
Sebastian HillJan 15, 2022 · 3 years ago3 answers
Can you please provide information on the current cap limit for Dogecoin? I am interested in knowing the maximum supply of Dogecoin and whether there is any limit on the number of coins that can be mined.
3 answers
- Jan 15, 2022 · 3 years agoThe current cap limit for Dogecoin is 129.5 billion coins. Unlike Bitcoin, Dogecoin does not have a hard cap limit on the number of coins that can be mined. Instead, it has an annual inflation rate of approximately 5.2%. This means that new Dogecoins are continuously being created through mining, but the rate of creation decreases over time. So while there is no fixed cap limit, the rate of new coin creation slows down over time.
- Jan 15, 2022 · 3 years agoWow, such cap limit, much Dogecoin! The current cap limit for Dogecoin is around 129.5 billion coins. It's important to note that Dogecoin doesn't have a fixed cap limit like Bitcoin. Instead, it has an inflationary supply model with an annual inflation rate of around 5.2%. This means that new Dogecoins are constantly being created through mining, but the rate of creation decreases over time. So, while there isn't a hard cap limit, the supply growth is controlled to prevent excessive inflation.
- Jan 15, 2022 · 3 years agoAs of now, Dogecoin has a cap limit of approximately 129.5 billion coins. Unlike Bitcoin, which has a fixed cap limit of 21 million coins, Dogecoin has a different approach. It has an annual inflation rate of around 5.2%, which means that new coins are continuously being created through mining. However, the rate of coin creation decreases over time. This ensures that the supply of Dogecoin grows at a controlled pace, preventing rapid inflation. It's worth mentioning that the cap limit is subject to change based on the consensus of the Dogecoin community.
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