Unveiling the Expansion Path of $DOGE : Why Is Everyone Accepting 5 Billion New Coins Each Year?
Dogecoin, this thing has a truly unique issuance mechanism, and it can even be related to GPT!
Did you know? Dogecoin is issued every minute, adding ten thousand at a time; over a year, that amounts to 5 billion new coins. Based on the current price, this can increase Dogecoin's market value by 200 million each year, with an increase of about 3%. Although this increase is not significant, everyone seems to be quite accepting of it. After all, Bitcoin is becoming more and more scarce, whereas Dogecoin is becoming more and more inflated; each has its own way of playing!
Some are curious: Are these 5 billion new coins issued daily or all at once?
ChatGPT provided the answer: Dogecoin's issuance is rewarded daily through the blockchain, not issued all at once. Every minute, a new block is generated on the blockchain, containing 10,000 Dogecoins. This adds up to 14.4 million new coins in a day, and over a year, it accumulates to 525.6 million.
This mechanism is designed quite solidly, ensuring that Dogecoin can add 5 billion coins each year.
Now let's talk about Dogecoin's current status:
By 2024, Dogecoin's market value has reached approximately 66 billion dollars, with 147 billion Dogecoins in circulation. Market value is calculated by multiplying the current price by the circulating quantity, and this circulating quantity increases every year because Dogecoin has no upper limit, with a fixed annual issuance of 5 billion coins.
Looking ahead to the next decade, Dogecoin's issuance strategy remains unchanged, with 5 billion new coins each year. Over ten years, this will total 50 billion new coins. By 2033, although the proportion of newly added Dogecoins in the total supply will become smaller and the inflation rate will decrease, the rewards for miners will still be sufficient, and the network can remain stable.
The expansion of Dogecoin is actually a characteristic of its design. Unlike Bitcoin, Dogecoin has no upper limit, and it will have a fixed annual issuance of 5 billion new coins. This way, miners have rewards to earn, the network can maintain security, and transactions can proceed smoothly without becoming scarce due to a fixed supply.
Get ahead of potential coins, like + comment, keep up with my rhythm, and earn big in this round of bull market!
