To verify the on-chain records for $DOGE yourself, you only need to check four things: the current block height, the time between the most recent ten blocks, the number of coins rewarded per block, and the current total supply.
The block interval is designed to be around one minute. Since 2015, the fixed reward has been 10,000 coins per block, so the annual increase can also be calculated: 10,000 × 60 × 24 × 365, or about 5.256 billion coins. There is no cap on the total supply, and the issuance rate decreases year by year as the total supply grows.
The block height and interval show whether the chain is producing blocks normally. The reward amount determines how quickly new coins are issued, while the total supply determines the size of the denominator. Put all four figures together, and the supply schedule is clear.
You can verify all four figures against the same numbers on a public explorer or a node you run yourself. If they don't match, first suspect that the data you're looking at is cached. #Dogecoin #Blockchain
This is not investment advice.
The block interval is designed to be around one minute. Since 2015, the fixed reward has been 10,000 coins per block, so the annual increase can also be calculated: 10,000 × 60 × 24 × 365, or about 5.256 billion coins. There is no cap on the total supply, and the issuance rate decreases year by year as the total supply grows.
The block height and interval show whether the chain is producing blocks normally. The reward amount determines how quickly new coins are issued, while the total supply determines the size of the denominator. Put all four figures together, and the supply schedule is clear.
You can verify all four figures against the same numbers on a public explorer or a node you run yourself. If they don't match, first suspect that the data you're looking at is cached. #Dogecoin #Blockchain
This is not investment advice.