Dogecoin, often recognized by its Shiba Inu dog logo, is the most valuable meme coin in the crypto market. It was initially created as a joke in 2013 by software engineers Billy Markus and Jackson Palmer.
Dogecoin operates on a decentralized peer-to-peer network, similar to Bitcoin, but with some key differences. It uses a Scrypt algorithm, which makes it less susceptible to the high-speed hardware used by Bitcoin miners. One of the defining characteristics of Dogecoin is its unlimited supply. Unlike Bitcoin, which has a cap of 21 million coins, there is no maximum limit to the number of Dogecoins that can be mined. This inflationary nature makes Dogecoin less likely to be hoarded and more likely to be spent, contributing to its use as a 'tipping' currency on the internet.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of Dogecoin (DOGE) and review the project details below.
What is the allocation for Dogecoin (DOGE)?
Dogecoin has no pre-mine or initial allocation. All DOGE tokens are created through mining, similar to Bitcoin. The mining process is open to anyone with the appropriate hardware, making it a truly decentralized cryptocurrency.
What is the supply schedule for Dogecoin (DOGE)?
Unlike Bitcoin, Dogecoin has an inflationary supply model. There is no maximum supply cap, and new DOGE tokens are continuously created through mining. The current block reward is 10,000 DOGE per block, and blocks are mined approximately every minute. This means approximately 14.4 million new DOGE tokens are created every day.
You can find the latest information of DOGE supply and circulation at https://dogechain.info/