What is the maximum supply of Dogecoin?
Jan. 24, 2023, 2:06 p.m.
Dogecoin is a decentralized, open-source cryptocurrency that was created in 2013 as a fun and interactive way to learn about digital currencies. The coin started off as an internet meme with its iconic Shibu Inu mascot, but has since grown into one of the most popular cryptocurrencies in circulation today. Dogecoin’s maximum supply is unlimited, meaning there will never be a finite number of coins available on the market.
Unlike other cryptocurrencies such as Bitcoin which has a maximum supply limit set at 21 million coins, Dogecoin does not have any predetermined cap or limit for how many coins can exist on the network. This decision was made by the developers when creating Dogecoin to ensure it remains inflationary and encourages users to use it instead of hoarding it like some other digital assets are prone to do.
The absence of a hard cap also allows miners more incentive to continue verifying transactions on the blockchain network and rewarding themselves with newly minted Dogecoins for their efforts. It also means that those who invest early could potentially benefit significantly if demand increases rapidly over time due to its increasing popularity among crypto investors and traders alike.
As of writing this article, there are currently around 129 billion DOGE tokens in circulation and nearly 5 trillion DOGE tokens have already been mined since its inception in 2013 – making it one of the largest cryptos by total supply count so far! With no upper limit placed on how many more coins can be generated in future times by miners or from people simply trading between each other; this essentially makes Dogecoin an evergreen currency whose value could theoretically rise indefinitely depending upon user adoption rates worldwide.
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