To date, some 113 billion dogecoin have already been mined.
On this regard, dogecoin considerably resembles fiat currencies issued by central banks.
Jackson Palmer, who co-created the token, stated in 2014 the choice was made to maintain about 100 billion dogecoin in circulation.
He stated: “Primarily based on everybody’s suggestions, we’ve determined to depart the Dogecoin code base because it was initially launched, and never implement a change.
“The aim for the forex is to maintain roughly 100 billion cash in circulation – thus after 100 billion Dogecoin are created, rewards will proceed at 10,000 every block.
“It will assist preserve mining and stabilize the variety of cash in circulation (contemplating misplaced wallets and numerous different methods cash could also be destroyed) at 100 billion.”