Billy Markus, Dogecoin's co-founder, has publicly opposed proposals to discontinue the network's merged mining setup, calling such a move pointless. The debate over Dogecoin's continued reliance on merged mining with Litecoin remains active within the community.
Background on Merged Mining
Since 2014, Dogecoin has utilized merged mining, a process that enables miners to secure multiple blockchains simultaneously using the same computational work. Dogecoin and Litecoin both operate on the Scrypt algorithm, allowing Litecoin miners to mine Dogecoin without dividing their computing power.
The merged mining system provides miners with economic incentives to support Dogecoin’s network as they earn rewards from mining Litecoin. Critics have questioned whether Dogecoin should depend so closely on Litecoin’s mining activity, raising concerns about network independence and security.
Markus, who no longer contributes to Dogecoin development and holds no investments in Scrypt-based altcoins, stated on X that removing merged mining would be "dumb and pointless." He emphasized that proposals should address real issues rather than self-serving agendas. No formal governance decision or official proposal to end merged mining has been introduced to date.
Meanwhile, DOGE price has shown signs of improvement. On July 21, Dogecoin traded near $0.0734, marking a 2.14% increase over the previous 24 hours and a 1.86% gain during the past week. This rise coincides with technical buy signals and increased accumulation by whale investors, supporting a short-term bullish sentiment.
This article is for informational purposes only and does not constitute financial advice.
