Dogecoin devs introduce Dogechain
In a major step forward, the Dogecoin team has unveiled Dogechain, a new blockchain dedicated to facilitating NFTs, DeFi activities, and gaming ventures. Since Dogecoin by itself doesn’t cater to cryptocurrency applications, the developers decided to innovate and provide a solution.
This new blockchain offers a range of exciting advantages for Dogecoin enthusiasts. For example, users can now pay transaction fees using $DOGE, enabling them to actively engage with the currency beyond mere holding. Interestingly, the developers also assert that Dogechain is both fast and comes with minimal transaction fees. Dogechain Moreover, the team is set to introduce a native token named $DC, which will grant community members special access to exclusive benefits reserved for holders, as well as allow them to take part in proof of stake governance.
Later this year, the Dogecoin team plans to distribute millions of $DC tokens to current Doge holders. Furthermore, their vision for $DC is to establish it as the primary token for decentralized applications, smart contracts, and transaction processing in the foreseeable future.
"Dogechain is an entirely fresh blockchain, designed with the community at its heart. We’re not tying ourselves to venture capitalists or making unrealistic promises like achieving 1 Trillion Transactions Per Second through a revolutionary consensus mechanism. We pride ourselves on transparency and our aim is simply to enhance blockchain usability for the Dogecoin community,\"
Currently, the price of Dogecoin stands at $0.08391 USD. Following the introduction of Dogechain on August 1, the price experienced a rise. Nevertheless, there remains a level of skepticism among users regarding the validity of this meme currency—only time will tell if this move cements Dogecoin's reputation as a legitimate cryptocurrency.
states the website of the project.
At the time of writing, the price of Dogecoin A Dogecoin investor has initiated a lawsuit against Elon Musk.
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Valeria serves as a reporter at Metaverse Post, where her emphasis lies on fundraising activities, artificial intelligence, metaverse developments, digital fashion, NFTs, and all things related to web3. Airdrops Calendar .
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In line with the Trust Project guidelines Valeria holds a Master’s degree in Public Communications and is in the process of obtaining a second degree in International Business Management. During her leisure time, she enjoys photography and styling in the fashion realm. Her foray into journalism began at age 13 when she started her first blog centered on fashion.
