Dogecoin Is the Third-Most Resistant to 51% Attacks, After Bitcoin and Ethereum

It seems that a memecoin is, unexpectedly, more secure than most other proof-of-work cryptocurrencies. Dogecoin ranks third in cost of conducting a one hour 51% attack.

It costs more to perform a 51% attack on Dogecoin than Litecoin, Bitcoin Cash, and other proof-of-work cryptocurrencies, according to recent data. Surprisingly, it seems that a meme cryptocurrency boasts better security than some of the leading cryptocurrencies.

Memes Over Reality

Analyst Kevin Rooke posted his findings earlier today on how expensive it is to conduct a 51% attack for one hour. What he found was that such an attack would cost almost $800,000 on Bitcoin and around $100,000 on Ethereum. Dogecoin comes a distant third, closely trailed by Litecoin, Bitcoin Cash, and ZCash. Read More...


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