About DogecoinEV - The Future of Fun and Function
Welcome to DogecoinEV, a blockchain innovation launched on January 26th, 2025, as an exciting evolution of Dogecoin and Pepecoin. Inspired by the vision of fast, affordable crypto for everyone, DogecoinEV is designed for sustainable speed with its large 10-megabyte block size and rapid 1-minute block times. This network is built to handle everything from small tips to large purchases, all while keeping transaction fees low and the experience enjoyable.
DogecoinEV operates using the Scrypt algorithm in a proof-of-work system, optimized with the DigiShield mechanism to ensure blocks are consistently created every 60 seconds. It supports up to 160,000 signature operations per block and maintains efficiency with a 5-megabyte base size. This blockchain is both practical and fun, embodying the spirit of innovation and community.
More than just a cryptocurrency, DogecoinEV is a movement. It combines high transaction capacity—capable of handling hundreds of transactions per second—with the decentralized, community-driven ethos of its predecessors. Whether you're tipping a creator, supporting a new idea, or buying a coffee, DogecoinEV is built to scale, adapt, and thrive, all while staying true to the meme-coin magic that started it all.
Unleashing Scalability - Powering Real-World Possibilities
DogecoinEV showcases the potential of a Scrypt-based blockchain with its impressive 10-megabyte block capacity, capable of processing up to 40,000 transactions per minute, translating to approximately 666 transactions per second. With blocks generated every 60 seconds and a network designed to minimize delays, it offers exceptional efficiency. The architecture supports a 5-megabyte base size and can manage 160,000 signature operations per block, allowing for complex transactions to be processed smoothly.
Utilizing the DigiShield system, which adjusts difficulty every minute, and a robust proof-of-work framework, DogecoinEV maintains stability even during high usage periods. This scalability translates into reduced congestion, near-zero fees, and rapid confirmations, handling hundreds of transactions per second with ease. Here are some real-world applications:
- Online Tipping: Send 10 DEV to a streamer on platforms like X or Twitch, with transactions completed in a minute and minimal fees, fostering a vibrant tipping culture.
- Charity Donations: Imagine thousands of 50 DEV donations being made globally, processed efficiently without intermediaries, enabling pure acts of generosity.
- Retail Transactions: Whether buying a 5 DEV coffee or a 50,000 DEV Tesla, merchants benefit from quick settlements and low, predictable fees, revolutionizing crypto commerce.
- Microtransactions: Pay 1 DEV to access an article or 5 DEV for a game item, with transactions being nearly instant and effortless, paving the way for new digital opportunities.
- Community Fundraising: Organize a campaign to launch a meme satellite with 10,000 small contributions, processed in real-time, with no limits, just possibilities.
With features like timed transaction locks and the early adoption of standards at block 1,034,383, along with provisions for future upgrades, DogecoinEV is well-equipped for decentralized applications or layered solutions, scaling effectively while retaining its unique charm.
Tokenomics - A Currency That Moves
DogecoinEV is designed to keep the currency flowing and active. Unlike some cryptocurrencies that have a fixed supply, DogecoinEV does not have a supply cap. This means new DEV coins are continuously created through block rewards, which are incentives given to miners for processing transactions and securing the network. This approach helps keep transaction fees low and encourages the use of the currency.
The reward system is structured to gradually decrease over time. Initially, miners receive 500,000 DEV for each block they mine, with the first 1,000 blocks offering random rewards up to 1 million DEV to generate early interest. After every 100,000 blocks, the reward is halved, eventually stabilizing at 10,000 DEV per block after 500,000 blocks. Since a new block is created every minute, this results in a steady flow of new DEV into the system, approximately 14.4 million DEV per day. To ensure network security, these rewards are locked for about 4 hours before they can be used.
This inflationary model is intended to encourage spending and circulation of DEV rather than hoarding. By continuously introducing new coins, DogecoinEV aims to maintain an active and dynamic economy, promoting transactions and community engagement.
Mining Rewards Structure
DogecoinEV's mining rewards are structured to incentivize miners while gradually reducing the issuance of new coins over time. This table outlines the reward system based on block ranges, showing how the rewards decrease as the network matures:
| Block Range | Reward (DEV) | Notes |
|---|---|---|
| 0-99,999 | 500,000 (first 1k random up to 1m) | Initial phase with randomized rewards to encourage early participation and network growth |
| 100,000-144,999 | 250,000 | First halving event, reducing the reward to stabilize the coin supply |
| 145,000-199,999 | 125,000 | Continued reduction in rewards as the network expands |
| 200,000-299,999 | 62,500 | Mid-phase adjustment to further control the supply |
| 300,000-399,999 | 31,250 | Gradual decrease in rewards to maintain economic balance |
| 400,000-499,999 | 15,625 | Approaching a steady state with reduced issuance |
| 500,000+ | 10,000 | Long-term fixed reward to ensure sustainable mining incentives |
Under the Hood - Technical Specifications
Here are some important details about DogecoinEV's setup:
- Network ID: "main", with special code
0xc0c1c2c3- This code helps ensure that all computers (nodes) are connected to the right DogecoinEV network. - Genesis Block: This is the first block in the blockchain. It has a unique hash
0x1a91e3dace36e2be3bf030a65679fe821aa1d6ef92e7c9902eb318182c355691, was created at a specific time (1386325540), and has a special number (nonce) of 99943. It started with a reward of 88 DEV. - Block Size: Each block can hold up to 10MB of data, with a base size of 5MB and can handle 160,000 signature operations. This affects how many transactions can be processed at once.
- Block Time: A new block is created every 60 seconds. This means transactions are confirmed quickly.
- Difficulty Adjustment: The difficulty of creating a new block is adjusted with each block to keep the creation time consistent.
- Merge Mining: Starting at block 30,000, miners can mine DogecoinEV and other cryptocurrencies at the same time, making mining more efficient.
- Bitcoin Improvement Proposals (BIPs): These are updates to the blockchain. BIP65 and BIP66 were activated at block 1,000, and BIP34 at block 1,034,383, bringing new features and improvements.
- Address Formats: Addresses start with a "D" for public keys (prefix 30) and a "J" for scripts (prefix 22), ensuring transactions are routed correctly.
- Network Port: The network uses port 42069 for communication between nodes, which is essential for keeping the network running smoothly.
- Transaction Processing: DogecoinEV can handle 666 transactions per second, thanks to its large block size and quick block times, making it one of the fastest blockchains using Scrypt technology.
You can set up your own node to join and help support the network.
Founding Team, Community & Future
DogecoinEV is a testament to the power of community-driven innovation. Born from the collective vision of passionate individuals—developers, crypto enthusiasts, and creative minds—our project thrives on the principles of scalability, speed, and sustainability. We are not bound by corporate interests; instead, we are fueled by the shared dreams of a diverse community eager to push the boundaries of what's possible in the blockchain space.
Our community is the heart of DogecoinEV, a dynamic group of like-minded individuals who believe in the potential of blockchain to transform industries. From finance to entertainment, gaming to real-world solutions, we are committed to creating a platform that caters to developers and innovators across various fields. Our focus on scalability ensures that we can accommodate the growing demands of our users, while our commitment to speed guarantees swift and efficient transactions.
Looking to the future, DogecoinEV is poised for growth and innovation. We envision scaling to even larger and faster blocks, continually enhancing our network's capabilities. Our roadmap includes fostering partnerships that integrate DogecoinEV into diverse sectors, ensuring that our community remains at the forefront of technological advancement. Together, we are building a sustainable, inclusive ecosystem that empowers everyone to dream big and achieve more.