ELI5 Dogecoin Halvings

Dogecoin is a Bitcoin fork released in 2013.

Although not as popular as it once was, Dogecoin has continued to attract social media users due to its fast transactions, low fees and, of course, its charismatic Shiba Inu mascot.

Despite being a Bitcoin clone with just a few modified parameters, unlike BTC, Dogecoin will have infinite supply and will never halve rewards again.

The last Dogecoin halving happened in 2015.

Some users questioned how Dogecoin could achieve high value if its supply was infinite. Overall, the Doge community decided that although there’d be infinite supply, natural coin losses would be made up for through the constant supply.

This way Doge could be used more like a spending currency than a deflationary store of value.

Original Dogecoin Halvings

Until 2015, Dogecoin halvings happened every 100k blocks or approximately every 69 days.

Doge will no longer halve block rewards and will produce the same amount of new coins per block for as long as it is mined.

Block Reward

The now perpetual Dogecoin block reward is 10k DOGE every block.

With 1 minute block time, 14.4 million new DOGE enter the market every day.

References

Dogecoin entry at Wikipedia

Dogecoin Thread at Bitcointalk

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