One of the fatal weaknesses of the current system is that central banks have the ability to print as much money as they see fit.
There is no scarcity
- This is due to ethereum (ETH) commanding 13.81% of the overall crypto economy’s value and tether (USDT) capturing 2.21%.
- BTC’s hash rate has been very high today and at the time of publication, the network is processing at speeds of around 163 exahash per second (EH/s).
- The top five mining pools capture a significant amount of SHA256 hash rate as all five operations command 75% of the hash rate.
- While bitcoin (BTC) has reached record highs the U.S. dollar looks weaker than ever as DXY Index charts show the currency continues to sink.
Supply increases at breakneck speed day by day
Reality is not so. Dogecoin lacks technical development.
Dogecoin is based on the mechanism Proof-of-Work to run its blockchain. Therefore, each new DOGE coin released will be rewarded to miners validating a block of transactions.