Dogecoin Co‑Founder Calls Ending Merge Mining ‘Pointless,’ Urges Community to Keep It Intact

Dogecoin Co‑Founder Calls Ending Merge Mining ‘Pointless,’ Urges Community to Keep It Intact
Table of Contents

Billy Markus, co-founder of Dogecoin, described the possibility of removing merge mining from the cryptocurrency’s protocol as “stupid and pointless.” Markus, who identifies himself on X as “Shibetoshi Nakamoto,” expressed his position during an exchange within the DOGE community, where the debate over merge mining has been generating divided opinions.

Merge mining, also known as auxiliary Proof-of-Work or AuxPoW, allows mining two or more cryptocurrencies simultaneously with the same hashrate without splitting computational power. Dogecoin and Litecoin adopted this model in August 2014, a decision that strengthened Dogecoin’s security against the risk of 51% attacks, which were feasible at the time due to the smaller number of miners securing the network.

Markus clarified that his opinion comes from a non-technical role, as he stepped away from active development of the project in 2014. He also acknowledged holding no investments in scrypt altcoins, a category that includes Dogecoin and Litecoin, after publicly disclosing that he had sold all his crypto assets in a single transaction: 50 Bitcoin, 440 Litecoin, and 6 million DOGE. Most of the community supports the current model, arguing that combined mining maximizes rewards for miners and keeps the network secure.

Source: https://x.com/BillyM2k/status/2079348540929942007


Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.

This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.

RELATED POSTS

Ads

Follow us on Social Networks

Crypto Tutorials

Crypto Reviews