Popular Meme Crypto Asset Dogecoin Launches New Testnet in Push Towards DeFi Adoption

Popular Meme Crypto Asset Dogecoin Launches New Testnet in Push Towards DeFi Adoption


The original memecoin, Dogecoin (DOGE), is now building a decentralized ecosystem.

Dogecoin developers announced the testnet version of the new utility-focused Dogechain offshoot is now open for developers to start building before the mainnet’s official launch.

“Dogechain is built on Polygon Edge, which lets the project bootstrap a new blockchain network while providing full compatibility with Ethereum smart contracts and transactions. It uses IBFT (Istanbul Byzantine Fault Tolerant) consensus mechanism, supported PoS (proof-of-stake).”

Trending: Supreme Court Justice Abruptly Moves Up Date Of Retirement: Effective In 24 Hours!

According to the project website, features will include games, non-fungible tokens (NFTs) decentralized finance (DeFi), and other decentralized applications (DApps).

DOGE itself will be used as gas to power the new chain which operates as a proof-of-stake mechanism.

The new DC native token will be distributed via airdrop to DOGE holders at

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend