Does Dogecoin (DOGE) Face the Risk of a 51% Attack? The Answer is Here

Recently, discussions about security in the cryptocurrency market have intensified. The attack on Monero (XMR) has drawn attention and raised questions for many: Does Dogecoin (DOGE), another popular cryptocurrency, face similar risks?

From a technical standpoint, all cryptocurrencies that use a proof-of-work (PoW) mechanism theoretically have the potential to suffer a 51% attack—meaning that if an attacker controls more than half of the network's computing power, they can alter transaction records. However, for Dogecoin, this risk remains largely theoretical, with a very low probability of actual occurrence, primarily due to its strong network power support.

In the cryptocurrency field, computing power is positively correlated with security: the higher the computing power of a public chain, the more difficult and costly it is to launch a 51% attack. This is similar to Bitcoin, which has almost never suffered a substantial 51% attack due to its massive computing power, and Dogecoin also has a solid security barrier due to its considerable computing power base. Coupled with its large community support and continuously expanding network size, the threshold for attacks is further raised—the resources like hardware and electricity that attackers need to invest far exceed the potential gains from the attack, thus losing the economic motivation to attack.

However, low risk does not mean no risk. As cryptocurrency technology evolves, new security challenges may arise at any time, and the security of Dogecoin still requires ongoing attention. In the future, strengthening protection capabilities through optimizing network security measures, enhancing community participation, and promoting technological innovation will be key to achieving long-term stable development.

Overall, although a 51% attack is a common potential threat to PoW cryptocurrencies, coins like Dogecoin, which have strong computing power and substantial community support, face relatively low actual risks.