Dogecoin is back!
The cryptoindustry is an amazing world, one event in which can change the fate of an entire project and hundreds of thousands of users. It is for this, for such variability and responsiveness to the actions of ordinary users, that they love the digital world. After all, small changes in it can revive even an initially frivolous Dogecoin project. Today it became known that the developers of this digital asset are resuming work on the source code of the project. They will continue to support the functioning of the platform. Here’s everything you need to know about the upcoming updates and the state of the art at Dogecoin below. So let’s get started.
First of all, let us remind those users who do not know what Dogecoin is and why everyone is talking about it. Initially, this coin appeared as a comic, entertainment project. The main character of the project is the character of a popular Internet meme. But, with an enviable speed, the company has grown from a frivolous organization into an independent project. With its own philosophy, characteristics and characteristic subtleties. Note that some experts predicted a great future for the coin immediately after it entered the market. After all, the technical device of the project is striking in its openness and focus on the simple user. Needless to say about the merits of the project, if the miner receives as many as 10 thousand coins for finding a new block.
However, the general public has recently revealed the company’s merits. The whole reason is Elon Musk, as well as other prominent figures of the Internet. The billionaire and other major figures supported the coin, declaring their disposition to the project. The result is a phenomenal rise in value. At the moment, the asset is going through an adjustment stage. Showing active growth over the last month. Against this background, the creators of the cryptocurrency returned to the development of the coin. Open source is being supplemented by users, and now by the original creators of the cryptocurrency. Below is a plan for upcoming developments.
What are the creators of Dogecoin planning?
The creators of the project closely watched their development. And, according to them, the coin does not quite correctly cope with its own growth. Against the background of an increase in the number of users, the system is facing high loads. Which, as the creators of the cryptocurrency say, can be overcome much faster. Therefore, the first priority is to address scalability issues. It is also necessary to solve technical problems with the synchronization of wallets. Due to the fact that the project was unsupported for a long time, many users almost completely turned off their equipment. As a result, the speed of transfers and the overall dynamics of the network dropped. But these are solvable problems.
In the near future, the creators of the cryptocurrency intend to introduce some developments from the Bitcoin Core code into the system. The coin contains answers to all the challenges facing Dogecoin. By the way, the creators of the asset do not exclude the possibility of re-leaving the project. According to them, such a combination of circumstances is quite possible. But even if they have to leave the project again, the safety of the coin will remain a top priority.
Yes, Dogecoin is now going through the most interesting and, perhaps, the most difficult phase in its development. The project is gaining momentum, gradually getting rid of the status of a frivolous platform. However, the coin will have to overcome criticism and earn its own place in the crypto industry. All this takes time, so we can only wait. Follow the news of the world of Blockchain and cryptocurrencies with us. We publish only high-quality, interesting material. Thanks for attention. Good luck!