how many zeros did dogecoin start with

Launched with an initial supply of 100 billion coins and a value of under $0.001, Dogecoin began its journey with a multitude of zeros after the decimal point.

Oct 20, 2024 at 03:48 am

Dogecoin's Zeros at Launch

1. Initial Supply

Dogecoin was initially launched on December 6, 2013, with a generous supply of 100 billion coins. This abundant supply was intended to make Dogecoin accessible and inflationary to encourage its circulation and use.

2. Infinite Supply Design:

Unlike many other cryptocurrencies, Dogecoin was not designed with a limited supply. Instead, it employed a proof-of-work mining algorithm that allowed for the creation of new coins at a constant rate.

3. Initial Value:

At the time of launch, each Dogecoin was worth a fraction of a cent, less than $0.001. This low value made the cryptocurrency appealing to those looking for a low-cost way to enter the cryptocurrency market.

4. Zeroes at Launch:

Considering its initial supply of 100 billion coins and extremely low value, it can be deduced that Dogecoin started with a large number of zeros after the decimal point.

5. Early Mining:

In the early days of Dogecoin, mining the cryptocurrency was relatively easy, contributing to its abundant supply and low value.

6. Supply Inflation:

The constant creation of new Dogecoin coins through mining continued to inflate the supply, resulting in the continuation of a high number of zeros after the decimal point.

Conclusion:

Due to its initial supply of 100 billion coins, combined with its infinite supply design and low value at launch, Dogecoin started with a significant number of zeros after the decimal point. This abundant supply made it accessible and easy to acquire, contributing to its early popularity.