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How Does Dogecoin Work? Empty How Does Dogecoin Work?

Tue Nov 22, 2022 10:42 am
Similar concept to others Dogecoin runs on its own dedicated blockchain. Its digital ledger is constantly being updated with all new transactions, and the network uses cryptography to keep all transactions secure.

Its blockchain uses a proof of work consensus mechanism, where miners use computers to solve complex mathematical equations in order to process transactions and record them on the blockchain. In exchange for supporting the blockchain, miners earn additional Dogecoin, which they can then hold or sell on the open market.

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