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It is nowhere even remotely near as secure as Bitcoin. Scrypt mining is massively insecure verification when compared to the SHA256 verification provided by Bit
by BTCOG 5y ago
It is nowhere even remotely near as secure as Bitcoin. Scrypt mining is massively insecure verification when compared to the SHA256 verification provided by Bitcoin. It's as secure as Litecoin, and Litecoin is many magnitudes less secure of a chain than Bitcoin.
- 1996 5y agoThis is not a technological issue, but network effects: using SHA256 right now would make DOGE vulnerable to double spend attack. If it reaches the top 3, it can switch to SHA256. For now, an usual algorithm is the best bet.