New Dogecoin Update Is Releasing This Month

Dogecoin is all set to launch a new update this month.

Dogecoin (DOGE) has recently gotten a lot of attention. Some of the industry’s heavy hitters, including Tesla’s Elon Musk, have backed the cryptocurrency.

Elon recently had a Twitter battle with Jackson Palmer, one of DOGE’s co-founders, over his coding ability. While these two were “fighting,” it appears that DOGE’s core developers were busy designing a system overhaul.

Palmer departed the Dogecoin project nearly 7 years ago, which is worth noting here.

According to a recent tweet, Patrick Lodder, a DOGE core developer, is working with others to implement update 1.14.6, a system upgrade. Patrick has previously discussed it on Reddit.

Before the update is issued, Patrick says a few things need to be rectified. Enhanced wallet security, updates for known Bitcoin vulnerabilities, remedies for probable DOGE vulnerabilities, making the Dogecoin Core wallet less expensive to use, an easy-to-use gitian script, and improved processing of address messages are just a few of them.

The DOGE community is eagerly anticipating the next improvements, and the cryptocurrency’s price has risen as a result. DOGE is trading at about $0.083 at the time of writing, up 2.5 percent on the day.

What Is Dogecoin?

Dogecoin started out as a more lighthearted cryptocurrency. In general, Dogecoin started out as a joke, but it rose in popularity as time went on.

Dogecoin is currently increasing at a quicker rate than any other cryptocurrency. Dogecoin’s value has also remained stable over time. However, Dogecoin has been chastised for how a small number of people control and affect the quantity and value of the currency.

Dogecoin has one of the most active and largest communities in the cryptocurrency world. This group has banded together to support a variety of charitable endeavours and other ventures. They were also able to fund a NASCAR race.