What is the historical trend of Doge Coin supply?

1 answers

• Nov 23, 2021 · 3 years ago
  The historical trend of Doge Coin supply is an interesting topic to explore. Initially, Doge Coin had no maximum supply limit, which meant that new coins could be continuously generated. However, in 2014, the Dogecoin community decided to implement a fixed supply cap of 100 billion coins. This decision was made to prevent excessive inflation and maintain the coin's long-term value. Since then, the supply of Doge Coin has been steadily increasing through the process of mining. Miners use powerful computers to solve complex mathematical problems, and in return, they are rewarded with newly minted Doge Coins. It's important to note that the rate of coin creation decreases over time due to the halving mechanism, which reduces the block reward. This mechanism ensures a controlled and gradual increase in the supply of Doge Coin, which contributes to its scarcity and potential value in the market.
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