On GitHub, a checklist elaborated on some of these changes, helps protect wallet users with upgrades, with the three biggies being: fixing a known Bitcoin vulnerability, making the Dogecoin Core wallet cheaper, and improving wallet protections during upgrades. Dogecoin Core 1.14.6 launched on Thursday, fixing security issues, as well as making modifications to its fee structure.
#Dogecoin core loading block index upgrade
In addition, a lower-than-expected rate hike from the Fed boosted the entire industry last week, perhaps increasing investors’ risk appetite.ĭoge goes to the groomers Dogecoin gets an upgrade to iron out some pesky problems, but it’s not enough hype to lift it above a key line in the sand, price-wise.
Another doggy-themed coin is getting a petting as well.It’s possible that the attention is partially thanks to excitement around the release of Dogecoin Core 1.14.6 on July 21, but worth noting that DOGE prices themselves have remained muted despite all that, trading almost completely flat for the last two months. Active Dogecoin addresses have boomed by nearly 265% in the last two months alone.Co-founder of the decentralized Polygon exchange QuickSwap Roc Zacharias said that this kind of project is “Wild West” because of how easy it is for anyone to launch and market a token.Īre memecoins a thing again? As crypto enjoys its fourth straight week of gains, hinting at the thawing of the most recent crypto winter, investors are enjoying the risky side of life again. Some people aren't buying this puppy, as it looks eerily similar to several rug pulls that have launched on chains similar to Polygon-Edge like BNB Chain.Some $21m worth of tokens have already been traded on the Dogechain network. It's a completely independent project which also has a native token in the form of ‘DC’, which is planned to be airdropped to DOGE holders. It’s not, however, affiliated with the creators of Dogecoin according to the Dogecoin Foundation’s clarification on Twitter.It’s marketed as a layer-2 scaling solution but the project is in fact a bridge that allows users to port over their DOGE to receive wDOGE which can be used for participating in DeFi and trading NFTs. DOGE has rallied by 15% over the past week as a result of interest in the new Dogechain project launched on Polygon-Edge.Memecoin? How about a memechain The newly launched Dogechain has the crypto community wondering once again – legitimate project, or yet another rugpull? Ethereum’s Merge reduced the world’s energy consumption by 0.2% and The Environmental Working Group, Greenpeace and other agencies have now pledged $1m towards ads urging Bitcoin to follow in Ethereum’s footsteps, with the slogan: “change the code, not the climate.” Environmental groups have also been weighing in on the argument.Vitalik chipped in saying that he “hopes Doge can switch to PoS soon, perhaps using Ethereum code.” Will 2023 be the year that Doge starts staking? Whether it will remain a PoW chain is the question on everyone’s minds, with the case for using PoW dwindling after Ethereum’s (thus far) successful transition.The meme-inspired chain’s market cap of almost $8bn puts it far above ETC – its closest PoW competitor with only $4.6bn – feat made even more impressive given ETC’s rising popularity after the Merge. Dogecoin has become the second largest proof-of-work chain in crypto after Ethereum’s transition to proof-of-stake.Crypto may be many things, but boring’s not one of them. Moving ahead in the PoW pack From meme-coin to the second-biggest PoW chain in the industry.
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