According to the developers team’s latest update, a new release, Dogecoin Core 1.14.5, which ends the exaggerated fee reduction for all network participants, is almost complete. This update was something Elon Musk has also mentioned many times.
Dogecoin activated the new update
With the new upgrade on the Dogecoin network, the ancestor of meme coins, the recommended block addition fee is set at 0.01 DOGE (roughly $0.002) per kilobyte in the core wallet. While the network started supporting low fees with 1.14.4, it will now adopt them by default, meaning third-party wallets like Exodus and Ledger will support cheaper transactions.
Tesla CEO Elon Musk has expressed his support for Dogecoin to lower transaction fees many times. According to Musk, such a development would help turn Dogecoin into a viable means of payment. Since Dogecoin is a decentralized cryptocurrency, the fee reduction proposal needed to gain support within the community. In addition to lowering transaction costs, the release also includes several fixes for high-severity vulnerabilities affecting most Dogecoin Core users.
cryptocoin.com As we have also reported, DOGE, which is in the ninth place with a market value of $ 38.6 billion, has increased to $ 0.29 at the time of writing. The leading meme coin seems to be gaining momentum, having surged 12.1% in the last 24 hours. DOGE’s return in the last 7 days was around 4.4 percent.
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