It looks like we have an influx of Dogecoin news as of late, but that might have something to do with their very active community, and the fact so many people want to use DOGE for their projects. This article has nothing to do with either though, but it is all about Dogecoin’s recent block reward halving. Such celebrate!
Most of us cryptocurrency enthusiasts know there are a ton of Dogecoin in circulation, and there is no official supply cap in place. While this may be reason for concern to some, the general Dogecoin community isn’t worried about this fact, nor should they be in my opinion. But there are certain technical aspects in place to reduce the influx of DOGE coins over time.
Dogecoin, like alot of other digital currencies out there, goes through block reward halving phases every so often. The final “official” halving took place yesterday, once the 500,000th block was discovered on the DOGE network. Plenty of reason to celebrate for the Dogecoin enthusiasts!
With the block reward now at 15,625 DOGE, we will slowly see less and less coins flooding the exchanges, which could lead to a price increase over time. It is hard to predict these kinds of things , but we will see if the halvening had any effect on yesterday’s trading on Cryptsy in a separate article.
It is important to note this is not the last block reward reduction for Dogecoin, as the last reduction will take place once block 600,000 is discovered. As of that moment, the fixed block reward will be 10,000 DOGE for the remainder of time.