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Dogecoin Currency supply

Unlike deflationary cryptocurrencies (like bitcoin), there is no limit to how many Dogecoins can be produced. This puts Dogecoin in the same league as other inflationary coins. According to the current production schedule, approximately 98 billion coins have been released by February 2015, with block 600,000 mined on February 25. Thereafter, approximately 5.256 billion more coins will be produced per year, in perpetuity. This represents an inflation rate of 5.256% (in 2015), that will decay over time due to new coins being introduced into the economy (e.g. in 2025 yearly inflation rate will be 3.4%, in 2035 2.5%, etc...). During December 2013 and January 2014, Dogecoin's developers discussed in public forums whether this should be changed, and, on February 2, 2014, Dogecoin founder Jackson Palmer announced that the supply of coins would remain uncapped.

From the beginning, boosters of Dogecoin have said the meme-themed cryptocurrency was different from all the others. Many of the other major currencies, like Bitcoin and Litecoin, have a hard cap on the number of coins that can be created; when Bitcoin hits 21 million coins in 2140, no more new units of the currency will even come onto the market.

Dogecoin, on the other hand, will go on creating new coins forever—making it more akin to currencies issued central banks. It’s a decision that was written into the system’s original code and, after months of intense debate, recently reaffirmed by a post on collaborate development web-hosting platform Github by Dogecoin creator Jackson Palmer.


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