Dogecoin and Litecoin have been merge-mined since 2014. The same computing power performs a Scrypt hash once, allowing it to produce blocks on both chains at the same time without using electricity a second time for the other chain.
So “Dogecoin’s hashrate” needs to be unpacked: it shares a large part with Litecoin, and its independence when considered on its own is not as substantial as the name might suggest.
This practice tied the security of the two chains together and shaped Dogecoin’s miner structure from then on. This was not part of the joke setup when it launched on December 6, 2013.
$DOGE #Dogecoin #Blockchain does not constitute investment advice.
So “Dogecoin’s hashrate” needs to be unpacked: it shares a large part with Litecoin, and its independence when considered on its own is not as substantial as the name might suggest.
This practice tied the security of the two chains together and shaped Dogecoin’s miner structure from then on. This was not part of the joke setup when it launched on December 6, 2013.
$DOGE #Dogecoin #Blockchain does not constitute investment advice.