Dogecoin, a blockchain-based digital coin, has a rich history. Dogecoin was created as a fork from Luckycoin. Luckycoin had split from Litecoin (a modified version Bitcoin), which itself was a fork. Dogecoin is a fork of Luckycoin.
Dogecoin is a cryptocurrency that uses a "supplementary proof of work" technique. This allows miners the opportunity to mine Dogecoin free while simultaneously working on other crypto currencies with proof-of work, notably Litecoin.
The transaction request from the owner is the first step in the working process. All Dogecoin miner are informed to continue the process after the request has been sent. The miners compete to solve mathematical puzzles and validate transactions as quickly as possible to earn DOGE coins.
The network validates a block after the miners have used all of their computational resources. The block rewards are given to the miners after the validation. The miners get 10,000 Dogecoins per block that they successfully mine.
Top comments (0)