Dogecoin is about to make a big move—deflation plan is coming!

Billy Markus, the co-founder of Dogecoin, recently made a big announcement on a major platform, mentioning that Dogecoin is set to become a deflationary currency, which has shocked the crypto community.

How will Dogecoin become deflationary? Billy Markus stated that it's actually not difficult, just two key steps:

The first step is for developers to take action on GitHub and submit a code modification proposal to turn this deflation idea into reality.

The second step is to get the community and miners on board. The community is the guardian of Dogecoin; their opinions are very important. As for the miners, they are the protectors of the Dogecoin network, and their support is also essential. As long as both the community and miners agree, the deflation mechanism of Dogecoin can be firmly initiated.

Currently, the total supply of Dogecoin is 146.78 billion, with an increase of 5 billion each year. Although the amount of increase is fixed, the inflation rate will gradually decrease. This is different from Bitcoin, which has a limited supply, while Dogecoin has an 'unlimited supply.' However, Billy Markus also mentioned that the supply of Bitcoin is not set in stone and can be adjusted if the community agrees.

He also noted that Dogecoin is quite similar to Bitcoin, with just some differences in parameters. He added that the design of Dogecoin might even surpass fiat currencies in the future!

Overall, Dogecoin is about to make a big move, and we can only wait and see!