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

[Mind Control]

What started with a joke turned out to be one of the best out there. The only thing that is lacking is the support. Many are supporting BTC, ETH, BCH because of their value. IMO,considering the stability of DOGE's price and its security, DOGE could be the next Bitcoin if supported massively.

[Viceroy]

Yes, Dogecoin is a coin in which the developer has worked hard to make it withstand the hacker market and make it very much resistant, unlike nowadays where the projects are just trying their best to get the coin in the market as soon as possible, without giving a little bit of thinking in coding.

[Sithara007]

So here are the findings from the "analyst" Kevin Rooke:

It looks laughable to me. When he claims that it is cheaper to attack coins such as Bitcoin Cash and Litecoin (which are supported by some of the biggest mining farms), you know that his methodology is not very accurate. Either he is trying to pop up Dogecoin (just like most of the fans of that shitcoin), or he is incompetent and unqualified to conduct such an analysis. I will give some stats which makes it clear that his findings were wrong. Check the mining hash rate for some of the coins below:

Bitcoin: 92E (Exahashes per second)
Bitcoin Cash: 2.4E
Litecoin: 315T
Dogecoin: 280T
ZCash: 4.8G
 

[mannybitcoins]

I'm glad we have a new candidat for stability. Whether the claims are real or not we can see for ourselves that it's doing more or less ok.

[Ararbermas]

Dogecoin is everywhere such bitcoin and eth . The popularity were like ethereum in my opinion, because despite of the negativity they both survive on this market and still keep showing potential since bearish occurs after the properous history . . So i considered it also as aThird option on this market because it still have strength to come back like ethereum and other alternative coins .

[magneto]

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

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.

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.

https://beincrypto.com/dogecoin-is-the-third-most-resistant-to-51-attacks-after-bitcoin-and-ethereum/

Interesting to see this report, but I'm not sure how they back up their claims. The only thing that hold's Dogecoin is that it is also so resilient as bitcoin is, that's why it stood the test of time.

Or maybe there's no incentive to try a 51% attack on Dogecoin though, because it's not as popular as the other coins in the alts market. And perhaps Dogecoin design (PoW) is very solid from the very beginning.

What do you guys think?

Interesting. Nonetheless, the risk of such an attack would still be relatively low because of the high opportunity cost of all parties that would be involved in orchestrating such a large scale attack (they would essentially have to sacrifice their entire mining power due to the depreciation of the thing that they're mining with the equipment).

Personally, I think that Doge long term doesn't really have much to grow. Development has been pretty dead.

However, I think there will always be a niche for Dogecoins regardless of the period we're in, simply because of the fact that tx fees are extremely low, blocks are fast, and it's got a history of high volatility which makes it ideal for speculators.

[Pearls Before Swine]

The only thing that hold's Dogecoin is that it is also so resilient as bitcoin is, that's why it stood the test of time.

It isn't clear what you mean by the part that I bolded, but I assume you mean the 'thing' that's kept doge from becoming worthless is the 51% attack resistance.  I don't think that's the case, although for miners it might make a big difference.  When I think about dogecoin and its amount of coin inflation it always makes me wonder why people use it and how it's managed to maintain its value. 

It isn't exactly the most expensive coin on the market but it has managed to trade for at least 20 satoshis for a long time.  A more likely explanation for it's longevity is the community it has, which is large and passionate about doge.

Or maybe there's no incentive to try a 51% attack on Dogecoin though, because it's not as popular as the other coins in the alts market. And perhaps Dogecoin design (PoW) is very solid from the very beginning.

Those things are more true in my opinion, though I would think that if a 51% attack could be done that someone would try it just to be an anarchist.  And yes, I do think it's design is pretty solid as well.  Dogecoin is underrated in my eyes and it's a shame that more customers don't use it to buy things with.  It makes for a pretty solid currency.

[takngantuk]

I think doge is not resistant to attacks, but indeed no one wants to attack him. with a low price, the benefits will not be worth the effort they have to spend, it's better they attack other platforms that are more profitable.