Meme Tokens Slide 55% in 5 Months - DOGE, SHIB Dominate $14.Despite the unstable situation of the cryptocurrency industry, which has been in a greater bear market throughout 2022, investors in Dogecoin are still optimistic that the meme coin will have a positive month in September.īy using the ‘Price Estimate’ function, which allows users to forecast the future value of cryptocurrencies, the CoinMarketCap crypto community predicts that the dog meme token will trade at an average of $0.08991 by the end of September 2022, which is still below the $0.01 critical psychological level. The Dogecoin community has supported Musk’s scaling idea for quite some time but almost once a week someone asks: “when will Dogecoin transaction fees drop?”Įuro Taps a $0.973 Low Against the US Dollar, Analysts Claim British and EU Currencies Are Trapped in a ‘Doom Loop’īiggest Movers: XRP Hits Fresh 4-Month High, Token Climbs 50% This Week Tesla’s CEO agreed with the Dogecoin co-founder and replied with a 100% emoji.įrom the looks of it, Dogecoin Core developers are preparing to address Musk’s scaling concerns. “Yeah… IMO dogecoin being fast, scalable, and inexpensive to send around is all it needs to be, it doesn’t need to be yet another blockchain that hosts NFTs or other tokens or whatever,” Markus said. In the Twitter thread with the Tesla CEO Elon Musk, the individual mentioned “NFT integrations” that looked “promising.” But many others agreed with Musk who was more interested in “lowering fees, decreasing block time & increasing block size.” Dogecoin’s co-creator Billy Markus agreed with Musk as well.
Dogecoin core 1.14.4 update#
“This realizes the first part of a two-stage update to lower the fee recommendation – a follow-up release will implement the lower fee recommendation, once the network has adapted to the relay defaults introduced with this version of Dogecoin Core.” Dogecoin development ratio over time.
Dogecoin core 1.14.4 software#
“At the same time, it increases freedom for miner, wallet, and node operators to agree on fees regardless of defaults coded into the Dogecoin Core software by solidifying fine-grained controls for operators to deviate from built-in defaults,” the Dogecoin Core 1.14.4 release notes written by Lodder explain. The action would reduce the “default fee requirement 1000x for transaction relay and 100x for mining.” Lodder’s description of the 1.14.4 software notes that the release prepares the network for a reduction of the recommended fees. Lodder dropped the release Dogecoin Core 1.14.4 on August 20, 2021. Looking at Dogecoin Core’s Github repo indicates that Ross Nicoll and Patrick Lodder are still very active.
Last Dogecoin Release ‘Part of a Two-Stage Update to Lower the Fee Recommendation’ oup statistics show that 12 software developers contributed to Dogecoin Core in August. In February 2021, 16 software engineers were working on the project, in May there were three developers. oup metrics from the “Number of Developers Working on Specific Crypto Projects” tracker show that between August 2017 to January 2021, Dogecoin network development was a ghost town. Lodder’s Dogecoin Core fee change proposal explained that the fix would be “gradually deployed to the network over multiple software releases.” Patrick Lodder’s original fee policy proposal submitted at the end of June.Įver since then, there’s been a lot more action happening in the Dogecoin Core Github repo.
The following week, people noticed that Dogecoin software developers Ross Nicoll and Patrick Lodder were maintaining the project and looking to add Musk’s suggestions. At the time, Musk said it was “important to support” it. Dogecoin Proponents Including Elon Musk Patiently Wait for a fee Change Fix, Dogecoin Core Repo Has Been ActiveĪt the end of June, Tesla’s CEO Elon Musk tweeted about the fee change proposal added to the Dogecoin Core Github repository. Meanwhile, Github metrics show developers have been working on Dogecoin Core during the last few months and it seems Dogecoin software engineers are prepping the network to address fees, transaction time, and mining. On Sunday, Elon Musk discussed his relationship with the Dogecoin Foundation and he mentioned a few improvements he’d like to see implemented via Dogecoin Core’s codebase.
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