LiteDoge
Crypto Overview
Overview
LiteDoge (LDOGE) is a cryptocurrency that was created in 2014 as a fork of Litecoin, combining elements of both Litecoin and Dogecoin. The project aimed to provide a fast and low-cost peer-to-peer digital payment system.
Purpose and Utility
The primary stated purpose of LiteDoge is to serve as a medium of exchange for digital payments. The project implements a Proof-of-Work consensus mechanism similar to Litecoin, with some modifications to block times and mining algorithms.
Current Status
LiteDoge has very limited development activity in recent years. The project's original website is no longer active, and community engagement appears minimal. Trading volumes are extremely low across the few exchanges where it is still listed.
Token Distribution
Information about the initial token distribution and current holder statistics is limited due to the age of the project and lack of recent updates. The project did not have a pre-mine or ICO, with all tokens being created through mining.
Development and Marketing
There is no evidence of recent development activity or marketing efforts. The project appears to be largely inactive, though the blockchain itself continues to operate through its established consensus mechanism.
Crypto Impact
To assign a comfort level investing in LiteDoge from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to LiteDoge.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.