Before we go any further on this article, I would like to express that we at CryptoArticles do not take a stance on whether this is a good or a bad idea, you can figure that out for yourselves.
To explain what a hard coin cap is , let’s take a look at Bitcoin. Bitcoin is finite, as there will be only ever be 21 million Bitcoin in circulation. The supply is (hard) capped at 21,000,000.
DogeCoin, on the other hand is not. Everyone thought the (hard) supply cap was 100,000,000,000 ; a large number in it’s own right.
Apparently we were all mistaken, as there is no code in place to prevent there ever being more than 100 billion DogeCoin in circulation. This means there could be 200, 500 or even a million billion DogeCoin in 10 years from now.
Having this information out in the public (it’s being heavily discussed on GitHub), can have several consequences. The one that interests us the most, of course, is whether or not this will completely devalue DogeCoin.
However, on the bright side, you can say that it will always be accessible for everyone, without necessarily having to buy them on an exchange. Even with a massive difficulty in several years, people can still mine DogeCoin like they do today.