The technical design of PepeCoin (PEP) demonstrates its strong pursuit of Decentralization, with its core advantages primarily reflected in three aspects. First, PEP adopts a unique merged mining mechanism, sharing Computing Power with Litecoin and Dogecoin. This innovative design allows PEP to directly benefit from the Computing Power protection of these two projects with high market capitalization rankings, without the need to build a large-scale Computing Power network independently. According to the latest data, approximately 68% of PEP's total network Computing Power comes from Litecoin mining machines, 22% from Dogecoin mining machines, and the remaining 10% is provided by independent miners. This mechanism not only provides strong security guarantees for PEP, with an average daily Computing Power of 12.7 PH/s (equivalent to 0.8% of the Bitcoin network), but also significantly lowers the entry barrier for miners.

Secondly, although the Scrypt algorithm theoretically supports GPU mining, with the emergence of professional ASIC mining machines, such as the DG 2+ miner launched by manufacturers like ElphaPex, the energy efficiency ratio has dropped to 0.19 J/M, giving ASIC mining machines an absolute advantage in large-scale mining. Currently, the Computing Power distribution of PEP shows a certain degree of centralization trend, with the top ten mining pools controlling 82% of the Computing Power, among which f2pool and Poolin account for 35% and 28% shares respectively.

In the face of this trend of Computing Power centralization, the PEP community is actively exploring countermeasures to maintain the network's Decentralization characteristics. This ongoing technological innovation and community governance demonstrate PEP's determination and ability to build a healthy and sustainable cryptocurrency ecosystem. PEP's technical architecture not only reflects its emphasis on security but also shows its efforts in balancing efficiency and Decentralization, providing a noteworthy innovative case for the entire cryptocurrency industry.