What is Dogethereum?
Dogethereum is a peer-to-peer Internet currency that runs smart contracts and enables payments to anyone in the world. Dogethereum is an open source, global payment network that utilizes blockchain without any central authorities. Faster and smarter than ever, it is based on Ethereum engine and started with DogeCoin snapshot, which means that every DogeCoin holder already has Dogethereum tokens.
Mining Rewards
Anyone is free to a become part of Dogethereum and start mining in the network. Miners are currently awarded with 3 new Dogethereum tokens per block. Software for solo mining or expanding own Pool can be found in Dogethereum repository.
Exchanges
Dogethereum security is achieved by cryptography, it protects your wallet with password. To be able to make transactions you must have key and password, keep it well protected! Listing on exchanges is in process and coming soon.
Why ‘Dogethereum’ is a Big Milestone?
This link between Dogecoin and Ethereum will increase the scalability of both crypto projects. However, Dogecoin stands to benefit more given an increased scope of its operations once the demo is released in September 2018. Ideally, Ethereum is flexible with both tokens and bridge tokens coded as smart contracts for specific purposes.
Dogecoin will benefit from Ethereum’s stable liquidity and less volatility once its ‘Doge/Ethereum’ link is complete. This is mainly because the Doge ecosystem will be more integrated with services offered by Ethereum on its On-Chain.
Dogethereum Practicality
With the increase in crypto-oriented projects, teams are now focusing on their competitive edge to survive the volatile market in case of price correction in future. Therefore, developed protocols and platforms like the Dogecoin must have an aspect of practicality in the real world. Dogethereum will work pretty much like how casinos work with the poker chips; exchange the DGD tokens for a different coin built within Ethereum for use and exchange back the remaining amount to DGD once you’re through.
HOW TO MINE DOGETHEREUM?
Mining is core part of decentralized blockchain currencies, such as Dogethereum. Miners are those who creates new blocks, process transactions in network and receive reward for this work. Base reward for created block is 3 DOGX coins. Because there were no premines or ICOs, developers earn 0.3 coins per mined block. Also miner gets award for block uncles and gas, spent for transaction.
There are 3 ways to start mine:
Mine on CPU. It’s slow but possible way at the beginning of Dogethereum project, while difficulty is low. The only software needed for this is official GETH application.
Mine on GPU. Graphic chip mining is recommended way for EThash algorighm which empowers Dogethereum. In addition to your Dogethereum node started with GETH, you need software from third parties, i.e. Ethereum compatible GPU miners.
Mine in Pool. When difficulty rises and it’s harder to create block, join Pool to share mining power and split mining reward. Detailed info how to join pool read in Dogethereum official thread on bitcointalk.org. Software and guides for starting own pool can be found in Downloads page on our website dogethereum.net.
This project is awesome and this will surely be going to the moon ! If you guys interested and want to know more about this project just check the links below and join bounty !
Dogethereum ! First for of Dogecoin !
Website: https://dogethereum.net/
Telegram: https://t.me/dogethereum_net
Twitter: https://twitter.com/Dogethereum_net
Explorer: http://explorer.dogethereum.net/
Bounty: https://bitcointalk.org/index.php?topic=5027744.0
My BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2182909