Dogecoin DOGE: A big change is coming! !
Recently, there have been a lot of big news in the field of Dogecoin (DOGE). Its founder Billy Marcus broke the news on social media: DOGE is about to start a deflation mechanism. This news is like a boulder, instantly stirring up thousands of waves in the currency circle.
The path to achieve DOGE deflation is clear, and the core lies in two key steps: on the one hand, technical elites will submit modification plans on the code platform to promote DOGE to a deflationary digital currency; on the other hand, the attitude of the community and miners is crucial, because of its open source and mining-dependent characteristics, it is necessary to reach a broad consensus before it can be promoted.
At present, the total amount of DOGE is as high as 146.78 billion, and it is issued at a rate of 5 billion per year. Despite this, its inflation rate is on a downward trend. Compared with the fixed total amount of Bitcoin (BTC), DOGE's issuance model is completely different. However, Billy Marcus pointed out that DOGE and BTC are similar in many ways, with only some minor differences. The supply of BTC is also not fixed, and the key lies in community decision-making. He even predicted that DOGE's unique design may make it surpass legal tender in the future.
Where will Dogecoin go in this transformation? What new opportunities and challenges will it bring to the global digital currency field? Let's wait and see.
Musk-themed puppies, the future is promising!