There is a new version of Dogecoin in town, and crypto users must not ignore it. Early on Thursday, the Dogecoin team released a new core version of the meme cryptocurrency, bringing more security and efficiency to the blockchain. The Dogecoin team announced on Twitter,
As expected, most of the DOGE community welcomed this move and were on board.
The developers have modified the fee structure and other features along with security fixes. For instance, the recommended dust limit has been pushed down from 1 DOGE to 0.01 DOGE. Meanwhile, other changes included the configuration of a wallet backup directory and a limit on the maximum number of addnode records being limited to 800.
The new features also included improving stuck transaction detection, which will help reduce lag. Additionally, changes were introduced to pruning configuration to UI and managing the number of connections without a restart.
The Dogecoin developer, Patrick Lodder, urged the Core users to upgrade on the Github document.
“All Dogecoin Core users – miners, services, relay operators, and wallet users – are strongly recommended to upgrade.“
The updates were celebrated by the DOGE community and the dogefather, Elon Musk.
Dogecoin’s Best Friend
Elon Musk was also among the community members who wanted DOGE to pivot into a more serious role of making it usable. The Doge developers have been looking into this matter, and we see the results.
The support of the billionaire was clear during Tesla’s earnings call, where they announced selling off 75% of its Bitcoin holdings but none of the Dogecoin holdings.
This sale of Bitcoin was worth $936 million and impacted BTC’s recovery for the day as the value dropped nearly 6% in 24 hours. Meanwhile, Dogecoin influencer Matt Wallace believed that Musk was “going to unleash the flood doors for #Dogecoin” and opined that the Tesla founder should invest his earnings from BTC sales into DOGE.
Well, we will leave that decision to Musk and Tesla. At the press time, DOGE was also hurting with a 6.8% drop in its value over 24 hours. However, it reported a weekly growth of 11.2%.