Dogecoin Has an Unlimited Supply? | Dogecoin Mining (Dogecoin News)

Dogecoin Has an Unlimited Supply? | Dogecoin Mining (Dogecoin News)
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Dogecoin is known primarily for two things: One, being named after one of the few 2013 memes that wasn’t annoying, and two, having an incredibly high transaction volume. Dogecoins move from person to person at a rate far higher than any other cryptocurrency. The value of all the Dogecoins in existence is currently just under $50 million USD, but users sent each other over $300 million USD worth of the currency in just the past 24 hours. The majority of this transaction activity comes in the form of users donating Dogecoins to each other, either by giving to charity or tipping each other with the help of automated bots on social media sites like Twitter and Reddit.

Like a lot of cryptocurrencies, Dogecoin can be mined. Since there is an unlimited supply of Dogecoin tokens, the value of a single token is very low compared to other altcoins. It is unlimited in the sense that there is no fixed number of Dogecoin to be mined unlike Bitcoin which is restricted to the number 21 M. The thing is that right now the supply is not unlimited and realistically speaking never will be. It’s just that the supply will continue to meet the demand.

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Dogecoin Has an Unlimited Supply? | Dogecoin Mining (Dogecoin News)

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