Dogecoin is going to make a big move - the deflation plan is coming!
Billy Marcus, one of the founders of Dogecoin, recently revealed a big news on a big platform, saying that Dogecoin will become a deflationary currency.
Billy Marcus said that it is actually quite simple, just two steps: the first step is to rely on those who are busy on GitHub to submit code modifications to make this deflationary idea a reality.
The second step is to get the community and miners to nod. The community is like the head of the Dogecoin, and their opinions are crucial; the miners are the guardians of the Dogecoin network, and their support is also indispensable. As long as the community and miners agree, the deflation mechanism of Dogecoin will be steadily launched.
The current goal of Dogecoin is 146.78 billion, and it will increase by 5 billion every year. Although the annual increase is fixed, the inflation rate will be lower and lower. This is different from Bitcoin. The total amount of Bitcoin is limited, while Dogecoin has an "unlimited" supply. However, Billy Marcus also said that the supply of Bitcoin is not unchangeable, and it can be adjusted if the community agrees.
He also said that Dogecoin and Bitcoin are actually quite similar, except that some parameters are different. He also thinks that Dogecoin may be even better than those regular currencies in the future!
In short, Dogecoin is going to make a big move this time, so let's wait and see!
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