Summary: Dogecoin has climbed to the second spot among proof-of-work cryptocurrencies with a market cap north of $7.9 billion. The meme coin achieved the feat following the merge. Ethereum was previously the second largest PoW blockchain before its proof-of-stake upgrade. Doge is now topped only by the world’s largest decentralized network – Bitcoin. Crypto’s largest meme coin has become the second largest proof-of-work (PoW) blockchain network after Ethereum switched to a proof-of-stake consensus mechanism on Thursday, September 2022. A PoW […]
