Crypto

8 years after its launch, Dogecoin (DOGE) publishes its first roadmap

Dogecoin (DOGE) Releases Its First Roadmap

The publication of this roadmap is a particularly obvious sign that things have changed for Dogecoin. Memecoin was just that for a long time: a joke developed by a handful of fans, before they left the project. Dogecoin could have ended up like other memecoins, into oblivion, if Elon Musk hadn’t sparked a wave of enthusiasm for cryptocurrencies this year.

Development of Dogecoin has since resumed, supported by the billionaire who linked it to a SpaceX project. The Dogecoin Foundation was reopened last August, with the presence of prominent advisers, not Vitalik Buterin, the co-creator of Ethereum (ETH). The idea is to diversify the uses of DOGE, which would feed a larger ecosystem. In any case, this is clear from the roadmap published by the Dogecoin teams a few days ago.

👉 Read also – Elon Musk: Tesla plans to accept Dogecoin (DOGE) payments for certain products

Betting on Dogecoin?

So what emerges from this Dogecoin roadmap (called the “roadmap” for the occasion)? One of the most important announcements is the arrival possible betting on Dogecoin. The press release says:

“The Foundation also works with Vitalik [Buterin] to create a truly “doge” proposal: a version community Dyou stake for the Proof of Stake, which will allow everyone […] participate in a way that rewards them. “

Therefore, DOGE’s bet is probably on the horizon, if the proposal is accepted by the community. The news would be a small revolution for Dogecoin, which is currently working with Proof of Work. But if there is one person who understands the problems (and difficulties …) linked to the transition to a staking model, that is the creator of Ethereum.

👉 More information about proof of stake

Make Dogecoin more accessible

Among the other projects mentioned, we find the creation of “libdogecoin”, that is, a library that will allow anyone to create products based on Dogecoin. Here again, the idea is to democratize the uses: it is to provide access to simplified tools, which do not require experience in functions related to cryptocurrency.

This is the main axis of development, still according to the Dogecoin roadmap:

“We believe that by taking essential Dogecoin functionality and making it available as a simple C library, with multi-language connection points, we multiply the innovation capabilities of the community. “

This will be developed together with a “Dogecoin Standard”, that is, specification and validation standards that document these changes and clarify the needs of all those who want to start in this new ecosystem.

Other developments were also mentioned. Dogecoin will renew its official website, and post sto “Dogepedia”, that is, a complete FAQ to collect information about the project.

GigaWallet: a solution to integrate the payment service

Another important development is the “GigaWallet”. Its objective is to simplify the integration of Dogecoin payment services in third-party applications and sites:

“The GigaWallet project is an open source initiative that aims to bridge the gap by offering a node / API solution which can be set up in seconds and allow a developer to add Dogecoin transactions to their platform. “

All of this can be summed up in one idea, which the roadmap emphasizes: developing new use cases for Dogecoin, cryptocurrency adoption will continue. In any event, the project’s ambitions have been clearly stated. How to sustain your presence in the top of the most capitalized cryptocurrencies of the moment? The future will tell …

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About the author: Marine Debelloir

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Cryptoast Associate Editor, I fell into the cryptocurrency pot a few years ago. I am passionate about the innovative technologies that emerge from the blockchain and I like to find the most delicious information to share with you.
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