dogecoin, released a new update to improve security and efficiency and lowered the “dust limits” for all network participants from 1 DOGE to 0.01 DOGE. The developers have also activated an update for the core software that improves efficiency and user interface.
With the new fee mechanism activated in Dogecoin, decentralization has been taken a step further. The update was activated on July 21, 2022 and included a large package including the update that would make a significant change in DOGE’s fee mechanism. Other changes in the content of the update include security and a few new features.
By limiting the number of plug-ins in the network to 800, the network’s memory management function has been improved in case of a potential bottleneck. Core developer who shared a note on the update details in question. Patrick Loddernoted in the Github document:
“This is a new minor release that includes important security updates and changes in network efficiency. All such as miners, services, relay operators and wallet users. Dogecoin Core users are highly recommended to follow the upgrade”
#dogecoin Core 1.14.6 is now released, live and current! With a good number of improvements under the hood and some nice new features in the UI. Get it here — https://t.co/7pn8tl4dwJ this is definitely a recommended update for everyone!
— Dogecoin (@dogecoin) July 20, 2022
The addition of memes (jokes) to Dogeverse resulted in a significant increase in network activity. 80,000 transactions have been processed in the last 24 hours, and major wallet investors continue to show interest in memes on the Dogecoin network.
MyDoge wallet, a self-storing Dogecoin wallet, also enabled meme creators to tip with DOGE. Analyst itsAllRisky believes that the Dogecoin meme economy is just getting started.
FXStreet analysts, on the other hand, evaluated the Dogecoin price trend and stated that the meme coin is ready to explode. DOGE holders are waiting for a break above the $0.078 level and analysts consider it a safe bet to qualify for a bullish scenario.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.