$DOGE 's block reward is hard-coded: a fixed amount per block, not linked to the price and not halved on a schedule. Once you understand this, many discussions about it suddenly become more concrete.#Dogecoin #MemeCoin
Since 2014, it has been merge-mined with Litecoin, sharing the same Scrypt hashrate; since 2015, its block reward has been set at a fixed amount and has not changed since. Together, these two facts mean its security budget is determined by “fixed issuance multiplied by coin price.” When the price changes, so does the revenue earned by the same hashrate.
So to assess this chain's level of security, you need to look at the price during that period and how much hashrate can shift over from the other side. The issuance figure is constant; it doesn't change on its own. Hashrate can move between the two chains, and the switching costs are mainly determined by electricity prices and hardware models. The barrier to switching is lower than you might think.
Not investment advice. Parameters are based on publicly available sources.
Since 2014, it has been merge-mined with Litecoin, sharing the same Scrypt hashrate; since 2015, its block reward has been set at a fixed amount and has not changed since. Together, these two facts mean its security budget is determined by “fixed issuance multiplied by coin price.” When the price changes, so does the revenue earned by the same hashrate.
So to assess this chain's level of security, you need to look at the price during that period and how much hashrate can shift over from the other side. The issuance figure is constant; it doesn't change on its own. Hashrate can move between the two chains, and the switching costs are mainly determined by electricity prices and hardware models. The barrier to switching is lower than you might think.
Not investment advice. Parameters are based on publicly available sources.