Bitcoin News and Finance
While Musk Mentions Doge Improvements, Dogecoin Developers Continue to Address Scaling Concerns Skip to main content

While Musk Mentions Doge Improvements, Dogecoin Developers Continue to Address Scaling Concerns

While Musk Mentions Doge Improvements, Dogecoin Developers Continue to Address Scaling Concerns

On Sunday, Elon Musk discussed his relationship with the Dogecoin Foundation and he mentioned a few improvements he’d like to see implemented via Dogecoin Core’s codebase. Meanwhile, Github metrics show developers have been working on Dogecoin Core during the last few months and it seems Dogecoin software engineers are prepping the network to address fees, transaction time, and mining.

Dogecoin Proponents Including Elon Musk Patiently Wait for a fee Change Fix, Dogecoin Core Repo Has Been Active

At the end of June, Tesla’s CEO Elon Musk tweeted about the fee change proposal added to the Dogecoin Core Github repository. At the time, Musk said it was “important to support” it. The following week, people noticed that Dogecoin software developers Ross Nicoll and Patrick Lodder were maintaining the project and looking to add Musk’s suggestions. Lodder’s Dogecoin Core fee change proposal explained that the fix would be “gradually deployed to the network over multiple software releases.”

Ever since then, there’s been a lot more action happening in the Dogecoin Core Github repo. 1000x.group metrics from the “Number of Developers Working on Specific Crypto Projects” tracker show that between August 2017 to January 2021, Dogecoin network development was a ghost town. In February 2021, 16 software engineers were working on the project, in May there were three developers. 1000x.group statistics show that 12 software developers contributed to Dogecoin Core in August.

Last Dogecoin Release ‘Part of a Two-Stage Update to Lower the Fee Recommendation’

Looking at Dogecoin Core’s Github repo indicates that Ross Nicoll and Patrick Lodder are still very active. Lodder dropped the release Dogecoin Core 1.14.4 on August 20, 2021.

While Musk Mentions Doge Improvements, Dogecoin Developers Continue to Address Scaling Concerns

Lodder’s description of the 1.14.4 software notes that the release prepares the network for a reduction of the recommended fees. The action would reduce the “default fee requirement 1000x for transaction relay and 100x for mining.”

“At the same time, it increases freedom for miner, wallet, and node operators to agree on fees regardless of defaults coded into the Dogecoin Core software by solidifying fine-grained controls for operators to deviate from built-in defaults,” the Dogecoin Core 1.14.4 release notes written by Lodder explain. “This realizes the first part of a two-stage update to lower the fee recommendation – a follow-up release will implement the lower fee recommendation, once the network has adapted to the relay defaults introduced with this version of Dogecoin Core.”

In the Twitter thread with the Tesla CEO Elon Musk, the individual mentioned “NFT integrations” that looked “promising.” But many others agreed with Musk who was more interested in “lowering fees, decreasing block time & increasing block size.” Dogecoin’s co-creator Billy Markus agreed with Musk as well. “Yeah… IMO dogecoin being fast, scalable, and inexpensive to send around is all it needs to be, it doesn’t need to be yet another blockchain that hosts NFTs or other tokens or whatever,” Markus said. Tesla’s CEO agreed with the Dogecoin co-founder and replied with a 100% emoji.

From the looks of it, Dogecoin Core developers are preparing to address Musk’s scaling concerns. The Dogecoin community has supported Musk’s scaling idea for quite some time but almost once a week someone asks: “when will Dogecoin transaction fees drop?”

What do you think about Elon Musk’s Dogecoin network scaling concerns and the recent Dogecoin Core development? Let us know what you think about this subject in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory