Ethereum: Reward Schedule and Maximum Number of Dogecoins
As one of the leading cryptocurrencies of the Ethereum network, Dogecoin has recently been a major popularity. The enthusiasm of the community for this digital tool is obvious in the active discussion of social media platforms, such as Twitter. At the same time, a question that often arises when Dogecoin is discussed: what is the schedule of reward and how does it resemble other cryptocurrencies? In this article, we are immersed in the details of the Ethereum reward schedule and the maximum number of dogecos.
Maximum number of Dogecoins
According to various sources, including the official declaration of the Dogecoin community, it will be up to 100 billion dogecoin. This figure is given in the context of the “maximum supply” of dogecoins, which represents a full amount that can be mined and added to the network.
At the same time, directly below this figure is an interesting consideration: the schedule of the reward. As the Dogecoin bitcointalk fiber indicates, up to 1 million dogcoin is a reward for any miners who successfully solves the “stake” (POS) puzzle on the Ethereum network.
Why 1 million?
The reason for the specific reward schedule is unclear. Some people think that this makes the network relatively small and manageable preservation, others believe that this can be the result of the Ethereum Developers Design Philosophy or the strategic decision of the dogecoin community.
Regardless of its origin, 1 million dogcoins per schedule of the miner reward triggered a significant debate among cryptographic fans. Some claim that this reward structure is too low to encourage miners and thus hinder the general success of the network, while others are considered attractive to a relatively new cryptocurrency such as dogecoin.
Comparison with other cryptocurrencies
To put the Ethereum reward schedule with other popular cryptocurrencies to put things in the perspective of things:
Bitcoin: ** 100 BTC (or about $ 1.5 million) per block
* Ethereum Classic: 10 ETH (or about $ 12,000) per block
* Litecoin: 3 LTC (or about $ 45,000) per block
As you can see, the Ethereum reward schedule is significantly lower than Bitcoin and Litecoin. This difference in reward can contribute to the relative success of Ethereum compared to other cryptocurrencies.
Conclusion
In summary, the Ethereum reward schedule offers a unique aspect to Dogecoin fans: up to 1 million dogcoin / miner. While this specific reward structure has aroused a debate between cryptographic fans, it remains an attractive feature for a relatively new cryptocurrency, such as Dogecoin. As the cryptocurrency landscape develops further, it will be interesting to see how the Ethereum reward schedule is similar in the future.
Sources:
- [Bitcointalk-Thread] (
- Dogecoin’s official website
- Discussions of different online sources and cryptographic fans