Dogecoin price and chart

Dogecoin (DOGE) Price Fluctuation: -2.54% down in the Last 24 Hours

The project, like Bitcoin, uses a Proof of Work model for reaching consensus. However, Dogecoin’s algorithm differs slightly. More specifically, it uses the Auxiliary Proof of Work algorithm, which allows miners to mine DOGE simultaneously with other cryptocurrencies. The processes of mining for Litecoin and Dogecoin were merged in 2014 when Litecoin founder, Charlie Lee, reached out to Palmer and suggested this feature be added. As a result, Dogecoin is dependent on Litecoin, as well as the fact the project began as a Litecoin fork. Dogecoin crypto 01:41

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DOGE is a decentralised crypto. The decentralisation of a cryptocurrency is measured by how many nodes are connected to the network and how evenly the mining is distributed among different people. According to Blockchair, Dogecoin has around 670 nodes, while Bitcoin has more than 6,600. This means that the Dogecoin network can be easily taken over by one person or group with more than half of the control of the network. Why Dogecoin Was Sinking Today The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

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Bitcoin, Ethereum, Dogecoin Trade Mixed As BTC ETF Activity Surges To Highest Levels Since Their Debut; Biden Forgives $1.2B In Student Debt For 150K Borrowers... Fed Reveals Crypto ‘Opportunities’ After $2 Trillion Price Crash Knocks Bitcoin, Ethereum, BNB, XRP, Solana, Cardano And Dogecoin Dogecoin surpassed a $1 billion market capitalization for the first time in the crypto bull run of 2017 to 2018.

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