What is the underlying blockchain technology behind Dogecoin?

1 answers

• May 01, 2022 · 3 years ago
  The underlying blockchain technology behind Dogecoin is based on the Litecoin blockchain. Dogecoin was actually created as a fork of Litecoin, which means that it shares many similarities with Litecoin's blockchain. Both Dogecoin and Litecoin use the Scrypt algorithm, which is a memory-hard algorithm that is resistant to ASIC mining. This makes it more accessible for individual miners to participate in the network and secure the blockchain. Additionally, Dogecoin's blockchain has a block reward of 10,000 DOGE per block, which is significantly higher than Litecoin's block reward. This was done to encourage early adoption and distribution of Dogecoin. Overall, the underlying blockchain technology behind Dogecoin is a combination of the security and efficiency of Bitcoin's blockchain and the accessibility and community-driven nature of Litecoin's blockchain.
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