How Many Dogecoin Have Been Issued?315

Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. It was introduced on December 6, 2013, and quickly developed its own online community that has been actively involved in various charitable causes. Dogecoin was based on Litecoin and shares many similar features, such as the use of scrypt as its proof-of-work algorithm and a block time of 1 minute.

Unlike Bitcoin, which has a limited issuance of only 21 million coins, the Dogecoin protocol does not have a hard cap on the number of coins that can be mined. Instead, it has an annual inflation rate of 5 billion coins per year. This inflation rate is designed to gradually decrease over time, but it is expected to continue indefinitely.

The total number of Dogecoin issued has been increasing steadily over time and has surpassed 132 billion as of March 2023. The majority of these Dogecoin have been mined by Dogecoin miners, while a smaller number have been created through the network's proof-of-stake system.

The circulating supply of Dogecoin is estimated to be around 132 billion coins. This number is constantly changing, as new Dogecoin are being mined and lost Dogecoin are removed from circulation.

The price of Dogecoin has been highly volatile since the cryptocurrency was created, and it has experienced several major price swings. In 2013, Dogecoin reached a high of $0.00098. In 2014, it fell to a low of $0.00008. In 2017, it reached a high of $0.017. In 2018, it fell to a low of $0.002. In 2021, it reached an all-time high of $0.74.

Dogecoin is currently trading at around $0.06. It is the 11th largest cryptocurrency by market capitalization, with a market cap of over $8 billion.

Conclusion

The total number of Dogecoin issued has been increasing steadily over time and has surpassed 132 billion as of March 2023. The circulating supply of Dogecoin is estimated to be around 132 billion coins. The price of Dogecoin has been highly volatile, and it is currently trading at around $0.06.

2025-01-09

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