Dogecoin to Merge-Mine with Litecoin
After months of battling a looming low hashrate on the horizon, Dogecoin developers have decided it is in the currency's best interest to merge-mine with Litecoin using Auxillary Proof-of-Work (AuxPoW). Technically all Scrypt coins with a higher difficulty than Dogecoin will be merge-mined, but only Litecoin holds that criteria making the verbiage on merge-mining clear. Although many in the Dogecoin community wish to break themselves away from the "merge-mining" verb usage, what's true is true. If Litecoin were to disappear tomorrow, AuxPoW would still be in effect for Dogecoin. Until....
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Dogecoin has officially switched to auxiliary proof-of-work (AuxPoW) mining. The update now enables litecoin miners to process transactions, while providing an additional layer of security to the decentralized network. The altcoin's switch to auxiliary proof-of-work, also known as merge mining, has been in the works for some time. The move was announced this August after months of serious and, at times, passionate debate within the dogecoin community. The merge mining concept was suggested in April by litecoin creator Charlie Lee. Dogecoin creator Jackson Palmer told CoinDesk that AuxPoW....
The dogecoin development team has announced that it will soon enable auxiliary proof-of-work (AuxPoW), allowing merge-mining with litecoin that will address concerns over the altcoin's future. AuxPoW enables the dogecoin block chain to receive work from other scrypt-based networks. Dogecoin miners will still be able to generate blocks and receive DOGE, but now, litecoin miners will contribute hashing power to the dogecoin network. The move, announced on the dogecoin subreddit, follows a months-long period of community debate focusing on the question of long-term viability in the dogecoin....
If you’re not already following the markets, you may be at first confused of what I mean by “reawakening”. Essentially two of the biggest market movers this week were two coins that seemed to be slipping in market position, then made some serious numbers all of a sudden. These two coins of course are Dogecoin and Blackcoin. Dogecoins sudden increase of price most people chalk up to Dogecoin finally being able to merge mine with Litecoin through auxPow. Essentially shares from a high enough network hashrate also will work with Dogecoin, so now Litecoin miners will be receiving Dogecoin as....
The Bitcoin adoption rate keeps increasing by the minute, I swear. With now another e-commerce giant, Dell, now accepting Bitcoin the list of Bitcoin accepting merchants just increased by one. A very big one if you ask me. Read the full report from Bitcoinist. You could also check Coinbase’s blog, the payment processor that snagged Dell. Big win for them! Dell also has page informing people that they are accepting Bitcoin as well as an FAQ, seen here. As the hashrate of Dogecoins network becomes low, low enough for one person with a dedicated ASIC farm to 51% attack Dogecoin, many are....
According to the Liteshack, the Litecoin network hash rate reached 1TH/s, the equivalent of 1PH/s in Bitcoin (on GPUs), which was a milestone heralded as the arrival of Bitcoin. This comes on the heels of the merge mining of Dogecoin and Litecoin. In an effort to survive, Dogecoin has switched to an auxiliary proof-of-work. The merger alone signals a positive attitude towards the future of Litecoin, and this new milestone is icing on the cake. CNN. A Milestone. Almost exactly a year ago today, September 15, 2013, the Bitcoin network reached 1 PH/s which was marked as a historical....