Dogecoin starts super evolution countdown, about to enter a new stage of $3? Is it true? Kevin, the chief Dogecoin analyst, recently highlighted the historical pattern of Dogecoin price movements. He compared the current situation with the early cycles, noting that after the first round of sharp rise, Dogecoin will experience 24 days of consolidation before starting a new round of rise. He moderately balanced his optimistic expectations by emphasizing that it is still possible to reach a new historical high at the end of December. Investment is risky, for reference only, with #doge⚡ Deflation: Increase value at the same time 1. Developer action, initiate a Pull Request on GitHub, and propose code changes involving deflation.
2. Convince the community and miners to accept and run the new version of the protocol. Dogecoin is an open source proof-of-work (PoW) cryptocurrency. The opinions of the community are crucial. Miners are the core of determining the direction of network operation. When the community and miners reach a consensus, DOGE's deflation mechanism can be successfully launched. The amount of mining is reduced, while increasing the value of DOGE. The difference between DOGE supply and Bitcoin supply. The total amount of DOGE is about 146.78 billion, and the fixed amount of Bitcoin is 21 million. Although the issuance of Dogecoin is fixed, its inflation rate will gradually decrease over time, which is different from the supply mechanism of Bitcoin. Dogecoin does not have a fixed total amount like Bitcoin. In fact, its "unlimited supply" feature is significantly different from Bitcoin. DOGE and BTC are very similar in design, just with different parameters!