Dogecoin Is the Third-Most Resistant to 51% Attacks, After Bitcoin and Ethereum
It costs more to perform a 51% attack on Dogecoin than Litecoin, Bitcoin Cash, and other proof-of-work cryptocurrencies, according to recent data. Surprisingly, it seems that a meme cryptocurrency boasts better security than some of the leading cryptocurrencies.
Analyst Kevin Rooke posted his findings earlier today on how expensive it is to conduct a 51% attack for one hour. What he found was that such an attack would cost almost $800,000 on Bitcoin and around $100,000 on Ethereum. Dogecoin comes a distant third, closely trailed by Litecoin, Bitcoin Cash, and ZCash.
https://beincrypto.com/dogecoin-is-the-third-most-resistant-to-51-attacks-after-bitcoin-and-ethereum/Interesting to see this report, but I'm not sure how they back up their claims. The only thing that hold's Dogecoin is that it is also so resilient as bitcoin is, that's why it stood the test of time.
Or maybe there's no incentive to try a 51% attack on Dogecoin though, because it's not as popular as the other coins in the alts market. And perhaps Dogecoin design (PoW) is very solid from the very beginning.
What do you guys think?
Incentives are not the real reason.
You must also try to understand what kind of POW that has also used by bitcoin and doge.
So far merged mining is the only answer why bitcoin and doge can avoid 51% attack.
For more
In theory, merged mining can be an interesting method for a small (low-hash) blockchain to increase their security, by leveraging the hashing power of Bitcoin or another bigger chain. This could potentially reduce the possibility of 51% attacks, as long as enough miners agree to adopt merged mining.
https://www.binance.vision/glossary/merged-miningI hope this will help you to get the real answer.
