Dogecoin (DOGE) community prepares for mainstream adoption, as devs taunt new version ๐จ This article is 3 years old...
Dogecoin (DOGE) community prepares for mainstream adoption, as devs taunt new version
Besides various bug fixes and security updates, the new minor version release includes an important performance improvement that will finalize the networkโs fee reductions.ย
2 min read
Updated: Nov. 11, 2021 at 2:23 pm UTC
The new Dogecoin Core version, which will ensure that all network participants pay lower transaction fees, is close to being released, according to the developers.
While the minor version release will enable third-party wallets to support cheaper transaction fees, Dogecoin (DOGE) enthusiasts anticipate the upgrade to spur the tokenโs mainstream adoption.
Finalizing fee reductions
โIt’s not done until we verify the build is good, but sooooon,โย taunted Dogecoin developersโ on Twitter, as they announced that the new 1.14.5 version release is almost finished.
Dogecoin Core 1.14.5 has been tagged ("gone gold", but for open source), and we're running the Gitian build process for it now. It's not done until we verify the build is good, but sooooon https://t.co/s3NolYxbI1
— Dogecoin Developers (@dogecoin_devs) November 7, 2021
The release will finalize a new minimum fee recommendation for all participants on the Dogecoin network, following the reduction of relay and mining defaults in the previous, 1.14.4 version.
With the new release, low fees, which were already supported in the current version, will become default.
The recommended minimum transaction fee for network participants will be 0.01 DOGE per kilobyte.
With transaction sizes no longer being rounded up to the nearest kilobyte before calculating fees, the developers anticipate simplified fee calculation by third party wallets.
Besides finalizing Dogecoinโs fee reductions, the upgrade also contains fixes for the two high severity vulnerabilities that affect most Dogecoin Core users.
Scalability needed for mainstream adoption
According to some Dogecoin investors, this upgrade is set to provide the scalability needed for the meme cryptoโs mainstream adoption.
This #Dogecoin network upgrade will lead to mainstream adoption #Dogecoinarmy
This Will Change Dogecoin Forever!! (Dogecoin Core 1.14.5) https://t.co/01nR8vB1W3
— Mike Davis (@MikeDavisYT) November 8, 2021
Self-described Dogefather, Tesla CEO Elon Musk, also vocalized his support for the upgrade, arguing that the fee reduction will make everyday purchases more feasible.
Super important for Doge fees to drop to make things like buying movie tix viable
— Elon Musk (@elonmusk) September 22, 2021
โBrace yourself, update 1.14.5 is coming,โ tweeted Dogecoin co-founder Billy Markus, aka Shibetoshi Nakamoto.
https://t.co/DnCy9jb26E pic.twitter.com/FFGzVhPGKw
— Shibetoshi Nakamoto (@BillyM2k) November 8, 2021
Markus, who no longer works as part of the Dogecoin development team, recently called out SlumDOGE Millionaire on Twitter, suggesting that the crypto influencer had ulterior motives for promoting Dogecoin clone Floki Inu.
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Dogecoin is a cryptocurrency created in December 2013 as a joke by software engineers Billy Markus and Jackson Palmer.
South African-born Elon Musk has founded several companies, including X.com (which later became PayPal), SpaceX and Tesla Motors.