The future of Dogecoin may shift from annual issuance to a gradual decrease
Next, we will analyze whether Dogecoin may transition from annual issuance to a gradual decreasing system. Although this directly contradicts the original consensus of the Dogecoin community, it is actually a super positive move. In fact, based on the current technical architecture of Dogecoin, community dynamics, and market environment, there is theoretical potential to change the fixed annual issuance of 5 billion coins to a decreasing system, but it faces multiple challenges in practical implementation, making short-term realization unlikely. Here is a specific analysis:
1. Technical feasibility: The necessity of code modification and hard forks
The issuance mechanism of Dogecoin is directly controlled by its underlying code, currently issuing about 5 billion coins annually through block rewards. To change to a decreasing system (e.g., halving every four years), the block reward function in src/chainparams.cpp would need to be modified and implemented through a hard fork. This process is technically feasible but requires meeting the following conditions:
#狗狗币现状及未来 Out of curiosity, I looked up the history. First, we need to understand the supply mechanism of DOGE coin. Unlike many other cryptocurrencies like Bitcoin, DOGE coin does not have a maximum supply limit. According to its official technical documentation, the initial supply of DOGE coin is 100 billion. While Bitcoin produces a block approximately every 10 minutes, DOGE coin generates a new block every minute, resulting in an annual increase of 5 billion DOGE coins. At the same time, DOGE coin has a fixed inflation rate, meaning that every 60,000 blocks, the reward is halved, which indicates that the issuance speed of DOGE coins gradually slows down.
Beware! Many newcomers do not know that if someone sends you their private key mnemonic phrase, claiming they have a few hundred U and are quitting to give it to a fated person, everyone must not transfer transaction fees into it, because once transferred, you cannot withdraw it. This address is bound to another address and cannot be withdrawn without authorization. I see that every day, there are people being scammed into transferring transaction fees into this wallet.