Dogecoin Launches New Core Update to Boost Security and Performance

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Altcoins
Dogecoin Launches New Core Update to Boost Security and Performance

The developers of the Dogecoin (DOGE) project have released a new update for the core software, enhancing security, performance, and user interface.

New Dogecoin Core Update Goes Live

According to a GitHub listing, Dogecoin developers launched Core 1.14.6 early Thursday morning, and all network participants were requested to upgrade to the most recent version. The new update includes various security patches, changes to the existing fee structure, and several additional features.

Among the “breaking changes” are a modification in the setup of the wallet backup directory and a restriction on the maximum number of addnode records. The number of addnodes has been limited to 800. The release contained an important development to DOGE’s fee mechanism: dust limitations for all network users have been dropped from 1 DOGE to 0.01 DOGE.

According to the GitHub document, the memory management of the network has been improved in the event of congestion. In addition, the paper discloses that the network now filters erroneous messages. Patrick Lodder, a Dogecoin Core developer, noted in a GitHub document:

“This is a new minor version release, including important security updates and changes to network efficiency. All Dogecoin Core users — miners, services, relay operators, and wallet users — are strongly recommended to upgrade.”

The development elated the Doge Army, with “Doge father” Elon Musk tweeting, “Upgrades!” Billy Markus, the creator of Dogecoin, later posted the story on Twitter, adding, “new version of dogecoin core released.”

DOGE Continues to Attract Whales

The upgrade follows a recent surge of positive sentiment in the Dogecoin community, which witnessed the introduction of memes to the Dogeverse, resulting in a large spike in network activity. For the first time since May 2021, the network handled over 80,000 transactions in a single day on Wednesday, owing to the continued interest of Whales.

The dog meme token enjoys widespread support among the most notable whales on Binance. The network has experienced a significant surge in transactions worth more than $100,000 following the recent market rally.

Dogecoin to Enhance Mainstream Adoption

DOGE was originally created in December 2013 as a joke by Jackson Palmer, who has since become one of the most vocal critics of the meme coin and crypto in general. However, thanks to celebrities like Tesla CEO Elon Musk and others, DOGE is quickly evolving into a real cryptocurrency, just like bitcoin (BTC) and other altcoins.

Earlier on July 6, Elon Musk’s The Boring Company (TBC), a company that claims to be dedicated to developing safe, fast-digging, and low-cost transportation, utility, and freight tunnels, began accepting dogecoin (DOGE) payments for its Loop riding service.

Doge (DOGE) payments are currently accepted by a wide range of firms across a variety of sectors in the global economy, including the largest movie theater chain in the United States, AirBaltic, Dallas Mavs, Newegg, and others.

At the time of writing, Dogecoin (DOGE) is the 10th-largest cryptocurrency in the world. The price of DOGE is hovering around $0.06875, with a market cap of $9.13 billion, according to data from CoinMarketCap.

Rony Roy

Rony Roy is an electrical engineer turned tech author in the Cryptocurrency space. He got block-chained in 2012 and fell in love with tech and its use-cases and has been writing his way through innovations in this emerging sector. Over the years, he has worked with multiple Blockchain projects and premier cryptocurrency exchanges both national and international.

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