Dogecoin merge-mines with Litecoin
Dogecoin developers have decided it is in the currency’s best interest to merge-mine with Litecoin using Auxillary Proof-of-Work (AuxPoW).
A few months ago Dogecoin was in fear of a 51 percent attack on their coin that would cripple their existence. Charlie Lee, creator of Litecoin proposed merge-mining with Litecoin.
As expected, community members voiced both enthusiasm and concern for the AuxPoW plan. Yet, advocates for the strategy, including Lee, say that the move will ensure the stability and security of the dogecoin network.
After deliberation behind the scenes by the developers the switch was decided by the development team and they made the announcement. Dogecoin would switch to AuxPow allowing a merge-mine with Litecoin.
AuxPoW is not new – several coins already enable work from other mining networks, with namecoin being the most prominent example. This long-standing reputation as a workable proofing system – and the strength of the litecoin network – has gained the idea support in recent weeks.
No specific integration date has been given, but the development team said that testing will begin soon.
See also:
Source: http://ecurrency.ec/2014/08/dogecoin-merge-mines-with-litecoin/
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