Cryptocurrencies

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how many dogecoin exist

As of July 10, 2023, the circulating supply of Dogecoin is approximately 132,670,803,529 DOGE, which is constantly increasing at a rate of 14.4 million DOGE per day.

Oct 15, 2024 at 05:17 am

How Many Dogecoin Exist?

1. Initial Creation:
Dogecoin was created on December 6, 2013, by software engineers Billy Markus and Jackson Palmer.

2. Block Reward:
Every time a new block is mined on the Dogecoin blockchain, 10,000 DOGE are created as a block reward.

3. No Pre-Mine:
Unlike many other cryptocurrencies, Dogecoin had no pre-mine, meaning no coins were created before its launch.

4. Limited Supply:
Dogecoin has a limited max supply of 132 billion coins. This supply is not expected to be reached until the year 2140 at the current rate of block production.

5. Block Production Time:
A new block is added to the Dogecoin blockchain every minute on average.

6. Inflation:
Due to the fixed block reward and limited supply, Dogecoin experiences a constant rate of inflation of around 4% annually.

7. Community-Driven:
The Dogecoin community plays a significant role in the cryptocurrency's popularity and distribution.

8. Constant Supply Increase:
The number of Dogecoin in circulation increases by 10,000 per minute, equivalent to 14.4 million DOGE per day.

9. Current Supply:
As of July 10, 2023, the circulating supply of Dogecoin is approximately 132,670,803,529 DOGE. This number continues to increase gradually over time.

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