Litecoin Supporter Shan Belew Is Miffed Because LTC Saved Doge, But Doesn’t Get Credit Enough: ‘Dogecoin’s…Wiki Doesn’t Even Discuss The History’

September 5, 2023 12:36 AM | 2 min read

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Litecoin (CRYPTO: LTC) supporter Shan Belew has drawn attention to an event in the history of Dogecoin (CRYPTO: DOGE) that he says is often overlooked.

What Happened; According to Belew, on September 11, 2014, Litecoin played a pivotal role in saving Dogecoin from potential collapse. He said Dogecoin’s own Wiki lacks any discussion on this historical event.

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“The story of how Litecoin saved Dogecoin on September 11th, 2014, is compelling and often overlooked even today as Dogecoin’s own Wiki doesn’t even discuss the history….,” he tweeted on X.

Belew’s efforts to update the Dogecoin Wiki in August with the relevant information regarding the merge mining between Litecoin and Dogecoin were met with a decline by Wikipedia moderators. Frustrated by this, Belew took to Twitter, expressing his disappointment in the absence of any mention regarding the foundational merge mining between the two cryptocurrencies in 2014.

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Why It Matters: The event in question involved Dogecoin adopting Auxiliary Proof of Work (AuxPoW), a move facilitated by its collaboration with Litecoin. By combining their mining power, Dogecoin was able to enhance its security and stability, ultimately contributing to its survival and ongoing success.

In 2014, software engineers Billy Markus and Jackson Palmer introduced Dogecoin as a lighthearted cryptocurrency, initially intended as a joke. However, it has gained significant attention in recent years, with Tesla CEO Elon Musk regularly tweeting about it to his massive following on X (formerly known as Twitter).

Dogecoin’s cryptocurrency, DOGE, is synonymous with the image of its lovable mascot, the Shiba Inu dog breed. The creation of Dogecoin reportedly involved cloning Luckycoin, which itself was a clone of Litecoin.

However, Dogecoin faced certain challenges in its issuance model, particularly deviating from Bitcoin’s original parameters. As a result, in 2014, Dogecoin underwent a hard fork, which entailed a permanent change to its blockchain. This update enabled “merged mining” or auxiliary proof-of-work (AuxPoW) with Litecoin. Essentially, this allowed miners to provide security to both Dogecoin and Litecoin blockchains simultaneously.

Price Action: At the time of writing, DOGE was trading at $0.06332, down 0.22% in the last 24 hours, according to Benzinga Pro.

Photo by Vitalii Stock on Shutterstock

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