Billy Marcus, the co-founder of Dogecoin, recently made a big move on a big platform, saying that Dogecoin will become a deflationary currency, which shocked everyone in the currency circle.
How to make Dogecoin deflationary? Billy Marcus said that it is not difficult, and the key is two steps:
The first step is to rely on developers to move their hands on GitHub and submit a code modification application to make this deflationary idea a reality.
The second step is to get the community and miners to nod. The community is the head of Dogecoin, and their opinions are very important; and the miners are the guardians of the Dogecoin network, and their support is also indispensable. As long as the community and miners think it is okay, the deflation mechanism of Dogecoin will be steadily started.
The total amount of Dogecoin is now 146.78 billion, and it will increase by 5 billion every year. Although the increase is fixed, the inflation rate will get lower and lower. This is different from Bitcoin. The total amount of Bitcoin is limited, while Dogecoin is "unlimited supply". However, Billy Marcus also said that the supply of Bitcoin is not fixed and can be adjusted if the community agrees.
He also mentioned that Dogecoin and Bitcoin are actually quite similar, except that the parameters are slightly different. He also said that the design of Dogecoin may be even better than legal tender in the future!
In general, Dogecoin is going to make a big move this time, so let's wait and see!
