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“I have no crystal ball on Doge, other than it is a perfect symbol for what the economy, markets, and Internet have become, which is to say, the raw social power of the human network.” Sokolin also noted that development and technical specifications are only half the story when it comes to Dogecoin, and that, ultimately, the development of its community is just as important. That said, Sokolin suspects Dogecoin’s “largest relative impact on the Bitcoin laggards like Litecoin and Bitcoin Cash,” which may be prompted to follow Dogecoin’s example and step up their own development.
#DOGECOIN CORE WALLET 7 YEARS BEHIND SOFTWARE#
To that end, Ethereum is where software development is really happening,” he told. “The future I see is in programmable blockchains rather than those dedicated to value transfer. Interest will go away a little while after price dips again,” said Bitcoin author/educator/developer Jimmy Song.įor Ethereum-focused ConsenSys’ Lex Sokolin, Dogecoin is “technically sound” but won’t really be the site of significant technical breakthroughs or innovation in crypto. “If there's any development, it won't last, is my prediction. External skepticismįor figures parked within the communities of Bitcoin, Ethereum and other major coins, the longer term prospects for Dogecoin development seem unpromising. “At this point, we are not convinced that any changes should be made to Dogecoin’s economic parameters that have been active since its inception,” he said.
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This is pretty much all the developers have planned for the near-to-medium term, although Nicoll added that any “high quality contributions which do not undermine the security and integrity of the coin are welcome” from any developer (regardless of affiliation).Īsked whether Dogecoin’s developers might reconsider a change to such a key feature as the cryptocurrency’s inflationary supply structure, Nicoll gave a fairly clear ‘no.’
#DOGECOIN CORE WALLET 7 YEARS BEHIND UPGRADE#
This is why Nicoll and the core Dogecoin team acknowledge that “our peer-to-peer communication layer can use further optimization.” More generally, the developers aim to get Dogecoin - which hasn’t had a major upgrade for around two years - “up-to-par with current Bitcoin performance and other, more Dogecoin-specific improvements” The cause of this rally? An adult film star tweeted that she’d been holding DOGE since 2014. It remained not too far from this level until January 1, 2021, when it more than doubled in value, reaching USD 0.013 in a couple of days. One year ago, the price of dogecoin was USD 0.0026. However, how substantial and long-lasting is such new development likely to be? Contributors to Dogecoin itself told that they’ll be focusing on maintaining “close parity” with Bitcoin Core and improving interface features, while outsiders are skeptical that the development will either endure beyond the current rally or allow Dogecoin to compete with the leading cryptos.
![dogecoin core wallet 7 years behind dogecoin core wallet 7 years behind](https://i.pinimg.com/originals/0c/c1/04/0cc104bc3a93f981e22828caa47bcd6e.png)
It rallied almost 2,000% in the past 12 months, yet it’s still widely regarded as a ‘joke’ currency, despite - or partly because of - the vocal support of people like Elon Musk.īut even if it still carries a reputation as a more or less ‘unserious’ cryptocurrency, its recent rally has had one inadvertent yet positive effect: it renewed some degree of development work on the crypto, which was originally forked from Lucky Coin, which was forked from Litecoin (LTC), which was forked from Bitcoin. The question is, will interest go away after the price dips again? Source: Adobe/NikolayĪmid all-time highs for bitcoin (BTC), ethereum (ETH) and various other tokens, dogecoin (DOGE) has remained something of a black sheep of the crypto family. It has triggered them to improve "where we can, both short and longer-term." Dogecoin developers have gotten better insight into the performance of software they’ve written.