Dogecoin continues to be in the news headlines as one of the most mentioned cryptocurrencies. The founding company has now announced that it is working on a new system that will ‘reward all users’ with a new project.
Dogecoin, one of the most well-known currencies in the crypto economy, made a name for itself in the eventful dialogues between Elon Musk and Binance CEO last month. Now the founding company has created a new ‘staking’ mechanism announced that they are working on it. Co-founder of the Ethereum blockchain Vitalic Buterine new mechanism developed in cooperation ‘Dogecoin Trailmap’ was introduced the other day. It is thought that if this project proceeds as planned, it will contribute greatly to the success of Dogecoin.
Everyone will be able to get their fair share:
Dogecoin is a platform where everyone can participate within the scope of the project. ‘Proof of Stake’ shared the information that they will bring the system. Thus, Dogecoin users will be able to receive extra tokens from their ‘staking’ cryptocurrencies. In the statements made by the Dogecoin Foundation, the new system was described with the following words: “With this new system, it’s not just the ‘big fish’ but the people who participate to support this network. everyone can collect rewards. In this way, we will be able to repay all the users for their support.”
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To put it briefly for those who do not know, ‘staking’; for a certain period of time by not spending the money in your account to support cryptocurrency networks lock up means. During the period you keep your money locked, certain amounts reward cryptocurrency you can get. Dogecoin founders are of the opinion that their projects on this path have only just begun and that they will undertake even more effective work together with their strong partners.
Source :
https://cointelegraph.com/news/dogecoin-foundation-works-with-ethereum-co-founder-on-doge-staking