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diff --git a/doc/FAQ.md b/doc/FAQ.md new file mode 100644 index 000000000..2191e573f --- /dev/null +++ b/doc/FAQ.md @@ -0,0 +1,46 @@ +## Very Much Frequently Asked Questions ❓ + +### How much doge can exist? – So many puppies! 🐕 +Early 2015 (approximately a year and a half after release) there were +approximately 100,000,000,000 coins. +Each subsequent block will grant 10,000 coins to encourage miners to continue to +secure the network and make up for lost wallets on hard drives/phones/lost +encryption passwords/etc. + + +### Such mining information ⛏ + +Dogecoin uses a simplified variant of the scrypt key derivation function as its +proof of work with a target time of one minute per block and difficulty +readjustment after every block. The block rewards are fixed and halve every +100,000 blocks. Starting with the 600,000th block, a permanent reward of +10,000 Dogecoin per block will be issued. + +Originally, a different payout scheme was envisioned with block rewards being +determined by taking the maximum reward as per the block schedule and applying +the result of a Mersenne Twister pseudo-random number generator to arrive at a +number between 0 and the maximum reward. + +This was changed starting with block 145,000, to prevent large pools from gaming +the system and mining only high reward blocks. At the same time, the difficulty +retargeting was also changed from four hours to once per block (every minute), +implementing an algorithm courtesy of the DigiByte Coin development team, to +lessen the impact of sudden increases and decreases of network hashing rate. + +**The current block reward schedule:** + +1–99,999: 0–1,000,000 Dogecoin + +100,000–144,999: 0–500,000 Dogecoin + +145,000–199,999: 250,000 Dogecoin + +200,000–299,999: 125,000 Dogecoin + +300,000–399,999: 62,500 Dogecoin + +400,000–499,999: 31,250 Dogecoin + +500,000–599,999: 15,625 Dogecoin + +600,000+: 10,000 Dogecoin |