Proof of Work mining, such as implemented for Bitcoin, Litecoin and Dogecoin, is an extremely competitive process by nature.
With Dogecoin‘s hashrate dropping fast, the community is looking at ASIC miners to secure the coin’s future.
“Statistics” is a new post category on Dogeconomist, which will include a recurring round-up of some random facts to wrap up the week.
Even though Bitcoin’s deflation is a terrible prospect from a macroeconomic perspective, it could be a good thing when viewed from a microeconomic perspective.
Coin age is a central concept in Proof of Stake (PoS) algorithms. Both PoS and Proof of Stake Velocity (PoSV) are alternatives to the traditional Proof of Work (PoW) mining.