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Recently, Dogecoin co-founder Billy Markus released significant news on the X platform, stating that Dogecoin will achieve deflation, which has caused a stir in the cryptocurrency world. As loyal followers of Dogecoin, it is necessary for us to delve into this matter.
First, let's understand the concept of deflation and how Dogecoin achieves it. Billy Markus pointed out that the implementation process mainly consists of several steps:
1. Developer action: Code writers need to submit modifications on the GitHub platform with the aim of transitioning Dogecoin to a deflationary model.
2. Community and miner consensus: This is crucial; Dogecoin is a community-governed project that requires broad support from community members and miners for the new rules to take effect.