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Dogecoin Development

r/dogecoindev

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Posted by
dogecoin core developer
7 months ago
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34 comments
84
Posted by3 months ago
Helpful
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47 comments
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Posted by3 days ago
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Posted by5 days ago
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Posted by6 days ago

Dogecoin address in local node does not start with a "D"

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Posted by8 days ago
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Posted by10 days ago

Wow it looks like blockchain is being obsoleted. The best way to describe this tech is by checking out their visualizer https://kgi.kaspad.net/? and here is their whitepaper https://eprint.iacr.org/2018/104.pdf.

What it is, is a web of blocks (2D) instead of a chain of blocks (1D). It is as simple as this - mining your next block you reference all the unconfirmed blocks you know about. It is no different than updating your transaction set as a miner every hash as you see new transactions, here you also just update what blocks you are mining on every time you see a new one. You mine on multiple blocks instead of just one.

I think it is a perfect idea, and is definitely the future. I don't think there would be a problem with dogecoin adopting it other than lots of coding work for before block X when the transition happened, and after block X, just like we did when we went auxPoW.

Benefits:

Blocktimes can be taken down to 1 second, perhaps even faster without loss of security

Drawbacks:

Nodes would have a real lot of work to do and might require servers as verification nodes.

Like I always say though, we are trying to run a global payments network so we should assume that the infrastructure to run it will end up being similar to what other global payment networks use.

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