Some implementations of merged mining
Bitcoin and Namecoin
This merger is the first merged mining created in the crypto ecosystem, which occurred in early 2014. Both cryptocurrencies use the SHA-256 mining algorithm.
However, although Namecoin (NMC) for that time remained in the first places by capitalization among the most used cryptocurrencies. But today, despite the merger it shares with the Bitcoin network, Namecoin is ranked 392 by market capitalization. While Bitcoin (BTC) continues to position itself as the most widely used cryptocurrency worldwide.
Dogecoin and Litecoin
A few months after the launch of Dogecoin (DOGE) in 2013, its community made the decision to switch the network to AuxPoW, merging with the Litecoin (LTC) network in September 2014. This integration allowed Dogecoin to exponentially increase its value by more 180% in just a few weeks.
This combination has also allowed Dogecoin (DOGE) to be able to climb position next to one of the best known and used cryptocurrencies worldwide. Litecoin (LTC) is currently ranked # 7 for market capitalization among the most widely used cryptocurrencies. Likewise, combined mining has allowed Dogecoin to significantly improve its level of security, having a much greater computing power than in its beginnings.
Bitcoin and Elastos
Although this is probably one of the least known combinations, the Elastos project and its ELA cryptocurrencies promise a rise quite similar to that experienced by Dogecoin (DOGE), when it begins its mining process combined with the largest and most popular of blockchain networks, Bitcoin.
Elastos is the first open source operating system based on blockchain technology that focuses on the internet. This system was designed with the purpose of creating a new operating system for the operation of the internet that was powered by blockchain technology. In such a way that it was a completely secure and decentralized operating system so that users could carry out their operations reliably and directly.
Bitcoin and RSK
RSK is the developed platform that allows the implementation of smart contracts within the Bitcoin network in a safe and simple way. As RSK also implements the SHA-256 algorithm, the combination of the Bitcoin network and the platform RSK is possible.
As in the other merged mining application cases, the implementation of combined mining allows the use of the same mining equipment in both networks. Reducing investment and resource costs for acquiring complex equipment separately. Likewise, the hashing power of one of the networks can be used as a benefit to increase the security of the other network. . At the same time, miners will be much more likely to generate a new block by simultaneously participating in two different networks. And of course, they can also receive the rewards that are granted by both networks.