For many crypto investors, Dogecoin is just a meme coin they bought and waited for, hoping it would go to the moon. The Dogecoin Foundation has taken action to change that and wants to make the project a mainstay. In its 2022 roadmap, the foundation announced that it will renew its website and benefit from learning materials. He is also working with Vitalik Buterin as he considers moving to the Proof of Stake consensus mechanism. Here are the details.
First of all, we can say that the Dogecoin roadmap is interpreted differently. The roadmap “guides us towards a solid future led or ‘led’ by a single company”, but as DOGE is a community-driven project, it is more correct to take a different interpretation. Because at DOGE, direction is “created by many individual and organizational contributors to various projects of the Dogecoin blockchain and ecosystem.”
The Foundation has announced that in 2022 it will publish a new website developed by volunteers from the Doge’s Army. The site will also launch Dogepedia, a section with all Dogecoin-related FAQs (Frequently Asked Questions) from Reddit, Twitter, and other platforms:
“Our hope is that we’ve made each Q&A page a directly linkable page, equipping the Doge’s Army with the tools to destroy FUD wherever they find it!”
Migration to Libdogecoin and PoS
The foundation also announced that it will launch Libdogecoin, a complete implementation of the Dogecoin Protocols. This app will allow developers to easily create Dogecoin products “without having to worry about the deeper features of crypto functions.”
However, Dogecoin is essentially a fork of Bitcoin, meaning it relies on Proof of Work (PoW) as a consensus mechanism. While it has changed some of the features that slow Bitcoin down and consume energy, it is still not as efficient as PoS cryptocurrencies and this is what the Foundation wants to change in 2022.
The foundation is working with Vitalik Buterin, the founder of Ethereum, who transitioned to PoS with Ethereum 2.0. Together, they are preparing a “unique Doge offer” for a PoS release that will reward not only the big players but everyone for their contribution to the operation of the network.