Have Dogecoin nodes been hacked? Here's how the DOGE exchange rate is reacting

Does the Dogecoin network created for fun have a serious problem after the failure of hundreds of nodes?

On Dec. 12, an "outage" of several hundred network nodes occurred on the blockchain of the memecoin Dogecoin.

According to information from Cointelegraph, a hacker is responsible for the glitch, having reportedly discovered a weakness in the seventh largest cryptocurrency based on market capitalization.

At the time of writing, about 377 nodes verify the Proof-of-Work network, which was created for fun in 2013. 41 percent of the network nodes are in the U.S., while Germany is second with 20 percent.

By comparison, at the largest Proof-of-Work network, Bitcoin, more than 20,000 nodes - the exact number is unknown - verify the blockchain. Again, a large proportion of the nodes come from Germany.

So far, the inconsistency of Dogecoin nodes has not affected the price. Over the past year, DOGE has risen by as much as 326 percent.

The reason is Donald Trump's election victory in the race for the White House and the optimistic sentiment in the crypto market since the beginning of the year.