1/ It's time to have a conversation about #Dogecoin.

If you're invested in $DOGE after @elonmusk's much endorsement (such wow), there are a couple of things that you should probably know👇

2/ First, let's talk about network security (I'll try to keep it simple).

Unlike BTC, ETH, or really any other major network, Dogecoin does not have its own miners -- it currently relies on another network, Litecoin, to survive.

So how did this happen and what does it mean?

3/ Back in 2014, Dogecoin was at a tough spot. There weren't enough miners working on $DOGE and there was a real risk that its network would be attacked.

A network attack (like a "51% attack") would likely destroy Dogecoin, so its developers had to do something...

4/ Their solution was to adopt something called Auxiliary Proof of Work (AuxPoW); a way to merge Dogecoin mining with other similar networks.

Put simply, AuxPoW enables miners to work on multiple coins at the same time and reuse the same work.

5/ Back then, it was somewhat of a controversial solution. Some users were concerned that AuxPoW would put the future of $DOGE at the mercy of bigger miners.

While the change likely saved Dogecoin, the concern was valid: ~95% of Dogecoin mining today is done by Litecoin miners.