A major event is about to happen in the cryptocurrency world! One of the founders of Dogecoin, Billy Markus, has dropped a huge bombshell on the platform.

He said that Dogecoin is going to become a deflationary currency, and this news has caused quite a stir in the community.

Deflation simply means that money is more valuable, for example, if 10 yuan used to buy a small cake, after deflation, 5 yuan would be enough.

So how will Dogecoin achieve deflation? Markus stated that developers need to modify the code to implement deflation, but it also requires agreement from the Dogecoin community members and miners.

Currently, there are approximately 146.78 billion Dogecoins in circulation, and 5 billion new coins are added each year. Although the new annual amount is fixed, as the total supply grows, the rate of increase gradually slows down.

Markus also mentioned that Bitcoin's rules are not set in stone, and as long as everyone agrees, changes can be made. He boldly predicted that the design of Dogecoin might even become more reliable than fiat currency, and if this move succeeds, Dogecoin might take off again.