Back in 2015, $DOGE set the reward for each block at a fixed 10,000 coins. That rule is still in effect today: one block per minute, 1,440 blocks per day, 5.256 billion new coins per year, with no cap on the total supply.
There’s no need to estimate this figure: 10,000 multiplied by 1,440 and then by 365 equals 5.256 billion. Anyone can use the block height to calculate the curve for themselves.
What’s interesting is that while the increase stays the same, its proportion changes. The total supply was small in the early days, so 5.256 billion spread over a year was a very noticeable share. As the total supply keeps growing, that same increase gets spread across more coins and becomes thinner and thinner.
It’s not exactly scarce, but it is predictable. The rules are hard-coded in the consensus, and anyone running a node sees the same number.
Eleven years later, this logic hasn’t changed.
This is not investment advice.
#Dogecoin #Blockchain
There’s no need to estimate this figure: 10,000 multiplied by 1,440 and then by 365 equals 5.256 billion. Anyone can use the block height to calculate the curve for themselves.
What’s interesting is that while the increase stays the same, its proportion changes. The total supply was small in the early days, so 5.256 billion spread over a year was a very noticeable share. As the total supply keeps growing, that same increase gets spread across more coins and becomes thinner and thinner.
It’s not exactly scarce, but it is predictable. The rules are hard-coded in the consensus, and anyone running a node sees the same number.
Eleven years later, this logic hasn’t changed.
This is not investment advice.
#Dogecoin #Blockchain