Will Dogecoin be the next Bitcoin? ? ? The deflation plan has been implemented, and the currency circle has ushered in a huge change.

Billy Marcus, co-founder of Dogecoin, recently shared the potential path of Dogecoin deflation on the X platform, which has attracted great attention from the currency circle. As an open source PoW project, the future supply mechanism of Dogecoin may be at the crossroads of change.

How feasible is the deflation mechanism?

According to Marcus's thinking, it is not complicated to promote Dogecoin deflation:

Technical level: Submit a deflation code modification proposal on GitHub.

Consensus reached: The community and miners need to vote for and run the new protocol version.

This shows that the governance of Dogecoin is extremely open, and the core lies in whether it can obtain the common recognition of key roles (community and miners). Once the opinions are unified, the deflation mechanism is expected to be implemented.

What are the characteristics of DOGE's supply mechanism?

Currently, the total supply of Dogecoin is about 146.78 billion, and the annual increment is fixed at 5 billion DOGE. Over time, the inflation rate of Dogecoin has declined year by year, which makes it more like a "progressive version" of a deflation design. Unlike Bitcoin, Dogecoin does not limit the total amount, but chooses another economic model to adapt to a wider range of scenarios.

Marcus also mentioned that the technical framework of Dogecoin is highly similar to Bitcoin, but the parameters are different. He further pointed out that the total supply of Bitcoin can essentially be adjusted under community consensus, which reflects the flexibility of blockchain projects from a technical level.

Musk's unique insights

"The core of Dogecoin's design may make it better than fiat currency in the long run." Musk's evaluation may be paving the way for a deflation mechanism. If deflation is implemented, Dogecoin may usher in a new value revaluation, and its potential should not be underestimated.

Want to keep up with the dynamics of Dogecoin? Follow Mr. Qiu and take you to deeply interpret the currency circle vane. After all, opportunities are always reserved for those who are prepared, and following me may be your first step!

#DOGEUSDT #MOVE #1MBABYDOGE #TROY #PEPE市值新高 $DOGE $MOVE $1MBABYDOGE