Review on Dogecoin by Duong Nhi

Dogecoin is derived from Luckycoin which is built on the Litecoin code base. It makes use of the Scrypt algorithm in order to validate proof-of-work (PoW) protocol. It also inherited Luckycoin’ s random-sized block reward generating process. The latter feature has been patched in March 2014, mainly because the largest crypto multi pools were mostly solving blocks that offered the largest rewards. Consequently, regular miners were left out from solving blocks with higher rewards. In that same patch update, DigiShieldwas added. Developed by DigiByte’s team, this algorithm is responsible for re-targeting the coin’s difficulty between every block.