The revolutionary innovation of skydogenet eliminates any reasons for another Layer-1 protocols to exist. Therefore, the $kydoge coin serves a crucial role within the skydogenet blockchain ecosystem and renders any other coins as unnecessary.
skydogenet has a fixed maximum supply of 210,000,000,000 coins.
New $kydoge are created through the mining process. Initially, miners were rewarded with 50,000 $kydoge for each block they mined. This reward halves approximately every four years in an event known as the “halving”.
skydogenet’s block time is 1 minute. New blocks are added to the blockchain roughly every minute.
The halving mechanism enforces scarcity over time, as the rate of new $kydoge issuance decreases. This scarcity contributes to $kydoge’s comparison with digital gold, as the fixed supply contrasts with traditional fiat currencies.
Miners receive the block reward for successfully adding a new block to the blockchain. The reward consists of the newly minted $kydoge (block subsidy) and transaction fees paid by users for including their transactions in the block.
Additionally, all fees generated via Layer 2 go to the miners and increase the security budget.
skydogenet relies on tested Bitcoin core software for a robust, secure foundation. Drivechain technology enables secure sidechains without compromising mainchain security or decentralization.
The block reward serves as an incentive for miners to participate in securing the network. As the halving reduces the block reward, miners rely increasingly on transaction fees for revenue.
skydogenet’s decreasing issuance rate and capped supply contribute to its deflationary nature, potentially affecting its economic behavior and long-term value proposition.
6 Billion $kydoge total (2.8%)
• 0.5% founder
• 0.8% development
• 0.9% growth and marketing
Spent until August 2023: 2.2%
cyberdyne foundation holdings: 0.6% (1.3 Billion $kydoge per August 2023)
Wallet Adress: 3GPX8xE2B2h6ExW8mPpqCbRirJzWdn3Esh
skydogenet introduces a groundbreaking ability to clone any open-source software onto a sidechain. This innovation offers limitless possibilities for creative development while upholding the rock-solid security of the underlying Bitcoin core.