Dogecoin (DOGE) Developers Release Core Upgrade, Further Reducing Fees
2022.07.21 22:33
Dogecoin (DOGE) Developers Release Core Upgrade, Further Reducing Fees
- Dogecoin (DOGE) devs released the Core upgrade today with ‘strong recommendation’ to switch to the new version
- The meme coin has seen a significant rise in both whale activity and overall transactions, surpassing 80K in the last 24 hours
- Elon ‘The DOGEfather’ Musk revealed Tesla (NASDAQ:TSLA) had to sell 75% of the company’s BTC holdings, but reassured no DOGE was sold
Popular meme coin Dogecoin (DOGE) is on the way to the moon with a brand new core upgrade. The Dogecoin Core 1.14.6 upgrade was launched early Thursday morning. The news was shared by Dogecoin creator Billy Markus, as well as DOGE’s official account.
Upgrades!
— Elon Musk (@elonmusk) July 21, 2022
In addition, the key developer of Dogecoin Core now said ‘All Dogecoin Core users — miners, services, relay operators and wallet users — are strongly recommended to upgrade’, in the official post published on GitHub.
Some Breaking Changes for DOGE
Many network participants were patiently waiting for the new core update, as it cuts down the dust limits from 1 DOGE to 0.01 DOGE. Furthermore, the core upgrade is bound to reject buggy messages, increase security. Another crucial change is the maximum number of addnotes, which has been reduced to 800.
Finally, the alert system has been removed from the ecosystem and the download system for transactions should run more smoothly. Plus, with the memory management mechanism enhanced, it’s easy to understand the developer’s polite request to upgrade.
Dogecoin (DOGE) Gains 11.1% Weekly
Tesla’s boss Elon Musk disclosed that his company had to sell 75% of their Bitcoin (BTC) holdings. However, the die-hard ambassador of Dogecoin (DOGE) was quick to point out that ‘We have not sold any of our Dogecoin’. On the contrary, the dog-themed coin can now be used to ride electric cars around the fabulous Las Vegas Strip.
Elon Musk sold #Bitcoin but not his $DOGE!This is super Troll
— MMCrypto (@MMCrypto) July 21, 2022
Crypto behavior analytics company Santiment have revealed that Dogecoin (DOGE) is among the the top 3 most used cryptocurrency among Ethereum (ETH) whales. The bullish stats surfaced soon after Bitcoin’s (BTC) price started bouncing back on July 18th.
On top of that, with the continuous support from Elon Musk, Dogecoin (DOGE) is 11.1% up in the last week. At press time, the meme coin is trading at $0.069, according to CoinGecko. Despite being 5.7% in the red for the last 24 hours, DOGE is 14.6% up in the last 30 days.
On The Flipside
Elon ‘Dogefather’ Musk gets hit with enormous $258B lawsuit for building Dogecoin (DOGE) pyramid
Why You Should Care
As crypto markets are back in the green, Dogecoin (DOGE) get swift adoption around the globe. Trending on Twitter (NYSE:TWTR), the memecoin has also been accepted as payment method by Monaco yacht charterers and Musk’s Boring Company. However, DOGE is nowhere near its ATH.
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