As a result, Doge Token aims to make use of Stellar’s increased transaction speed and lower transaction costs without sacrificing security.ĭoge Token endeavors to be invulnerable to 51% attacks. Instead, it employs the Federated Byzantine Agreement (FBA) method, which allows for speedier transaction processing. Stellar’s consensus method does not involve the approval of the whole miner network. PoW is an energy-intensive consensus mechanism of cryptocurrency that uses a lot of energy to validate new transactions, add them to the blockchain, and produce new tokens. Since Stellar is environmentally sustainable, it does not employ proof-of-work (PoW) mining. Ultimately, the process impacts the environment and offers reduced mining rewards. The issues pertaining to transactions, both in magnitude and value, tend to waste more electricity to power the technology. According to the platform, Stellar is one of the fastest-growing blockchains, and through Stellar, Doge Token self-proclaims to be more than just a hobby-driven token and aims to be advanced and secure.Īccording to the whitepaper, Doge Token aims to solve the issues of scalability that Dogecoin faces. Doge Token deploys the Stellar blockchain technology. Dogecoin can be understood as a fun alternative to traditional cryptocurrencies based on an internet joke. Doge Token (DOGET) aims to be a revival of Dogecoin, a meme-based token in terms of security.
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