Premium Crypto TL;DRs

Taking DOGE to the moon

Share:

  • The Foundation will launch a revamped website, Dogepedia learning resources, a C library for Dogecoin Protocols and more.
  • The Foundation is also looking to switch to proof of stake and is in talks with Ethereum founder Vitalik Buterin to assist in the transition.

To many, Dogecoin is nothing more than a meme coin that one buys and crosses their fingers hoping it goes to the moon. The Dogecoin Foundation is out to change this and wants to make the project a mainstay. In its roadmap for 2022, the Foundation revealed it’s revamping its website and availing learning materials. It’s also working with Vitalik Buterin as it eyes switching to the Proof of Stake consensus mechanism.

For Dogecoin, it’s a trailmap and not a roadmap, and this is important to the Foundation. Roadmap “conveys a rigid way forward, led by a single company or ‘lead’,” but since is a community-driven project, a trailmap is more appropriate as “direction is formed by the many individual and organisational contributors to the various projects of the Dogecoin blockchain & ecosystem.”

The Foundation has announced that in 2022, it will unveil a new website developed by volunteers from the Doge Army. It will also launch Dogepedia, a section that will include all the FAQs about Dogecoin from the web, Reddit, Twitter and other platforms.

Our hope is that by making each Q&A a directly link-able page, we’re arming the Doge Army with the tools to destroy FUD wherever they find it!

Libdogecoin and switching to PoS

The Foundation also announced that it will launch Libdogecoin, a complete implementation of the Dogecoin Protocols. This C library will allow developers to easily build Dogecoin products “without needing to worry about the deeper specifics of the crypto functions.”

Libdogecoin will be a pure library and will not provide a runnable node facility.

The Foundation believes that the aging Dogecoin Core wallet is heavy with desktop metaphors that don’t make sense in the modern world. It’s also full of facilities that slow down development.

We believe that by taking the core functionality from Dogecoin and making it available as a simple C library with bindings for many languages, we multiply the community’s ability to innovate.

Dogecoin was forked from Bitcoin, meaning it relies on Proof of Work as a consensus mechanism. While it modified some of the features that make Bitcoin slow and energy-consuming, it’s still not as efficient as PoS cryptocurrencies, and this is what the Foundation wants to change in 2022.

The Foundation is working with Vitalik, the founder of Ethereum, which is also transitioning to PoS with Ethereum 2.0. Together, they are crafting a “uniquely Doge proposal for a ‘Community Staking’ version of PoS that will allow everyone, not just the big players to participate in a way that rewards them for their contribution to running the network, and at the same time gives back to the whole community through charitable causes.”

Related: Elon Musk: Dogecoin is better suited for transactions than Bitcoin


Credit: Source link

More Posts
  • bitcoinBitcoin (BTC) $ 24,141.00 5.03%
  • ethereumEthereum (ETH) $ 1,772.44 5.27%
  • tetherTether (USDT) $ 1.00 0.08%
  • usd-coinUSD Coin (USDC) $ 1.00 0.05%
  • bnbBNB (BNB) $ 330.35 5.82%
  • xrpXRP (XRP) $ 0.382146 2.65%
  • cardanoCardano (ADA) $ 0.544138 5.32%
  • binance-usdBinance USD (BUSD) $ 1.00 0.05%
  • solanaSolana (SOL) $ 42.65 6.72%
  • polkadotPolkadot (DOT) $ 9.33 10.2%
  • dogecoinDogecoin (DOGE) $ 0.070972 3.64%
  • avalanche-2Avalanche (AVAX) $ 29.80 13.95%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 3.92%
  • staked-etherLido Staked Ether (STETH) $ 1,708.65 5.12%
  • matic-networkPolygon (MATIC) $ 0.947016 4.5%
  • daiDai (DAI) $ 1.00 0.07%
  • tronTRON (TRX) $ 0.070908 1.65%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,130.00 5.01%
  • ethereum-classicEthereum Classic (ETC) $ 39.20 4.25%
  • okbOKB (OKB) $ 18.49 1.45%
  • leo-tokenLEO Token (LEO) $ 4.86 2.58%
  • litecoinLitecoin (LTC) $ 63.87 5.22%
  • ftx-tokenFTX (FTT) $ 31.63 4.46%
  • uniswapUniswap (UNI) $ 9.17 4.08%
  • chainlinkChainlink (LINK) $ 8.65 11.77%
  • nearNEAR Protocol (NEAR) $ 5.34 4.3%
  • crypto-com-chainCronos (CRO) $ 0.150935 3.75%
  • cosmosCosmos Hub (ATOM) $ 11.85 8.82%
  • stellarStellar (XLM) $ 0.128857 4.16%
  • flowFlow (FLOW) $ 3.08 12.99%
  • moneroMonero (XMR) $ 167.29 1.49%
  • bitcoin-cashBitcoin Cash (BCH) $ 147.33 5.06%
  • algorandAlgorand (ALGO) $ 0.375662 4.12%
  • filecoinFilecoin (FIL) $ 9.32 5.65%
  • vechainVeChain (VET) $ 0.032486 4.77%
  • apecoinApeCoin (APE) $ 7.42 2.04%
  • internet-computerInternet Computer (ICP) $ 8.49 3.91%
  • decentralandDecentraland (MANA) $ 1.11 6.47%
  • chain-2Chain (XCN) $ 0.085299 0.09%
  • hedera-hashgraphHedera (HBAR) $ 0.080113 4.47%
  • the-sandboxThe Sandbox (SAND) $ 1.39 5.52%
  • quant-networkQuant (QNT) $ 132.27 2.14%
  • tezosTezos (XTZ) $ 1.94 3.46%
  • theta-tokenTheta Network (THETA) $ 1.69 4.2%
  • axie-infinityAxie Infinity (AXS) $ 19.02 3.16%
  • elrond-erd-2Elrond (EGLD) $ 68.20 5.71%
  • aaveAave (AAVE) $ 105.58 5.8%
  • fraxFrax (FRAX) $ 1.01 1.11%
  • lido-daoLido DAO (LDO) $ 2.59 7.22%
  • eosEOS (EOS) $ 1.28 3.72%
  • bitcoin-svBitcoin SV (BSV) $ 64.01 4.47%
  • true-usdTrueUSD (TUSD) $ 1.00 0.04%
  • heliumHelium (HNT) $ 9.13 4.19%
  • the-graphThe Graph (GRT) $ 0.144470 13.65%
  • makerMaker (MKR) $ 1,164.65 6.88%
  • compound-usd-coincUSDC (CUSDC) $ 0.022612 0.14%
  • kucoin-sharesKuCoin (KCS) $ 10.68 1.22%
  • havvenSynthetix Network (SNX) $ 4.24 4.19%
  • iotaIOTA (MIOTA) $ 0.354421 1.62%
  • fantomFantom (FTM) $ 0.383565 5.58%
  • compound-ethercETH (CETH) $ 35.53 5.15%
  • bittorrentBitTorrent (BTT) $ 0.00000099 2%
  • huobi-btcHuobi BTC (HBTC) $ 24,181.00 5.3%
  • zcashZcash (ZEC) $ 71.97 0.79%
  • thorchainTHORChain (RUNE) $ 2.99 10.89%
  • ecasheCash (XEC) $ 0.000047 3.37%
  • klay-tokenKlaytn (KLAY) $ 0.299473 2.57%
  • paxos-standardPax Dollar (USDP) $ 1.00 0.01%
  • bitdaoBitDAO (BIT) $ 0.775185 4.45%
  • neoNEO (NEO) $ 11.85 4.06%
  • chilizChiliz (CHZ) $ 0.155022 0.81%
  • cdaicDAI (CDAI) $ 0.022021 0.19%
  • arweaveArweave (AR) $ 15.41 6.69%
  • usddUSDD (USDD) $ 1.00 0.1%
  • gatechain-tokenGate (GT) $ 4.91 2.7%
  • neutrinoNeutrino USD (USDN) $ 0.990877 0.06%
  • blockstackStacks (STX) $ 0.517758 5.64%
  • enjincoinEnjin Coin (ENJ) $ 0.733782 8.56%
  • zilliqaZilliqa (ZIL) $ 0.046475 2.88%
  • huobi-tokenHuobi (HT) $ 4.43 1.8%
  • basic-attention-tokenBasic Attention (BAT) $ 0.444950 4.03%
  • celsius-degree-tokenCelsius Network (CEL) $ 1.57 14.1%
  • pancakeswap-tokenPancakeSwap (CAKE) $ 4.57 8.81%
  • amp-tokenAmp (AMP) $ 0.008454 1.63%
  • radixRadix (XRD) $ 0.063255 2.72%
  • wavesWaves (WAVES) $ 6.29 4.14%
  • loopringLoopring (LRC) $ 0.483770 8.06%
  • pax-goldPAX Gold (PAXG) $ 1,771.20 0.12%
  • dashDash (DASH) $ 55.17 3.61%
  • kusamaKusama (KSM) $ 66.33 1.41%
  • stepnSTEPN (GMT) $ 0.964266 4.6%
  • curve-dao-tokenCurve DAO (CRV) $ 1.46 6.27%
  • defichainDeFiChain (DFI) $ 0.994708 2.22%
  • decredDecred (DCR) $ 38.55 5.47%
  • kavaKava (KAVA) $ 2.24 5.05%
  • tensetTenset (10SET) $ 2.81 6.3%
  • mina-protocolMina Protocol (MINA) $ 0.911839 8.65%
  • frax-shareFrax Share (FXS) $ 7.49 4.77%
  • celoCelo (CELO) $ 1.15 5.87%
  • bitcoin-goldBitcoin Gold (BTG) $ 30.04 3.53%