Dogecoin maybe started as a meme but if we talk about 2019, many crypto users are using Dogecoin especially for cheap payments (as fees is only 1-2 DOGE) and for gambling sites. Also DOGE is very handy for new crypto users due to its low value unlike Bitcoin where most of the transactions are done in decimals due to high value of Bitcoin.
No surprise why miners prefer it too.
Topic: [news] Dogecoin is the 3rd most secure versus 51% attacks after Bitcoin and Eth (Read 128 times)
September 26, 2019, 11:39:14 PM
September 26, 2019, 11:32:30 PM
I shake my head. How can dogecoin be higher in hashrate than litecoin if dogecoin is only merged mined with litecoin? Should they not always be equal in hashrate or a little less for dogecoin?
I like dogecoin, however, is this article only another story to begin pumping doge?
I like dogecoin, however, is this article only another story to begin pumping doge?
His tweet has the graph which shows equal cost estimate for a 51% attack for one hour for both Litecoin and Dogecoin. I wonder why he mentioned Dogecoin only and not Litecoin in his tweet.
Maybe it's because he found out shocking in his research that Dogecoin made it third while the main reason behind it is merged mining with Litecoin which has given that status.
September 26, 2019, 10:03:50 PM
I shake my head. How can dogecoin be higher in hashrate than litecoin if dogecoin is only merged mined with litecoin? Should they not always be equal in hashrate or a little less for dogecoin?
I like dogecoin, however, is this article only another story to begin pumping doge?
It seems that a memecoin is, unexpectedly, more secure than most other proof-of-work cryptocurrencies. Dogecoin ranks third in cost of conducting a one hour 51% attack.
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.
Read in full https://beincrypto.com/dogecoin-is-the-third-most-resistant-to-51-attacks-after-bitcoin-and-ethereum/
I like dogecoin, however, is this article only another story to begin pumping doge?
It seems that a memecoin is, unexpectedly, more secure than most other proof-of-work cryptocurrencies. Dogecoin ranks third in cost of conducting a one hour 51% attack.
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.
Read in full https://beincrypto.com/dogecoin-is-the-third-most-resistant-to-51-attacks-after-bitcoin-and-ethereum/
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