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It costs more to perform a 51% attack on Dogecoin than Litecoin, Bitcoin Cash, and other proof-of-work cryptocurrencies, according to recent data. Surprisingly, it seems that a meme cryptocurrency boasts better security than some of the leading cryptocurrencies.
Analyst Kevin Rooke posted his findings earlier today on how expensive it is to conduct a 51% attack for one hour. What he found was that such an attack would cost almost $800,000 on Bitcoin and around $100,000 on Ethereum. Dogecoin comes a distant third, closely trailed by Litecoin, Bitcoin Cash, and ZCash.
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Where are that numbers came from ? $800,000 is a quite much amount of money. If $800,000 will be required to perform 51% attack on bitcoin network, then how much will be needed to perform 51% on dogecoin ? I am very interesting and curious about how they predict the expenses to doing 51% attack.