Binance Deep Dive Uncovers Unique Connection Between Dogecoin and Litecoin
Binance Research, the institutional-grade research arm of the leading crypto exchange, has released an in-depth look at merged mining in Dogecoin and Litecoin.
Merged mining is the process of allowing two different cryptocurrencies that are based on the same algorithm to be mined simultaneously.
“In the report titled ‘Case Study: Merged Mining in Dogecoin & Litecoin,’ Binance Research studied the merged mining relationship between Dogecoin and its parent blockchain Litecoin, two of the longest-standing cryptocurrencies, each registering around 30,000 daily on-chain transactions.
Given that block mining rewards are halved every four years for both Litecoin and Bitcoin, merge-mining could potentially become a solution to maintain network security in the long-run as newer cryptoassets, with higher block rewards, could be merge-mined within the same pools.”
You can check out the full report here.