There are many people, cryptocurrency investors alike that still consider Dogecoin (DOGE) a ‘joke’ at least according to the Fresh York Times report published late 2018. Albeit the publication that described Dogecoin spil a half-baked Bitcoin copy that wasgoed developed to pineut gullible people has already bot amended, the bruised caused by the misinformation is yet to be repaired. However, Dogecoin seems to be to do fine all the same.
One of the four Dogecoin founders, Ross Nicoll, has spent time clearing the myths that were popularised by the Fresh York Times publication. Ter fact aside from the infamous myths, Dogecoin is te the middle of a project dubbed Doge-Ethereum bridge project. This ongoing development will permit Dogecoin to rail on Ethereum te order for it to be utilized ter clever contracts. The project is testing the Ethereum network and is seen spil a turning point for DOGE. It will elevate Dogecoin to the standards traders and merchants across the crypto world would like to see. Besides, the Dogethereum Bridge will tremendously scale up Dogecoin transactions improving usability.
Nicoll goes ahead to dispel the negative rumours stating that Dogecoin like any other cryptocurrencies undergoes updates, occasional releases spil well us usability which is commonly stress tested. On the contrary, Dogecoin (DOGE) is coming up spil one of the most used cryptocurrencies ter payments. Similarly, it is among the top ten used coins for sending payments.
A quote from one of Nicoll’s interviews reads, “We are very very careful with everything wij do. We’re taking code that is well tested … keeping half a billion dollars of people’s money overheen four years stable. . . We’re doing very very very well,”
Dogethereum (DOGX) Hard Fork
There is an forthcoming hard fork referred to spil Dogethereum (DOGX) straks this year. Dogecoin has never bot hard forked. DOGX will be the very first hard fork on this sensational cryptocurrency. It is also fairly interesting that the approaching hard fork uses the same name spil the ongoing Dogethereum Bridge Rinkeby project mentioned earlier.
Dogethereum (DOGX) will be an entirely fresh decentralised cryptocurrency that will be formed from a snapshot of the original Dogecoin (DOGE). The developers behind the fresh coin have described it by telling, “Dogethereum is the fresh decentralised digital currency, it will be founded on a snapshot of popular Dogecoin, based on ETH algorithm with the fastest speed of transactions, clever contracts,”
A fresh coin created by forking the original coin is always welcome te the cryptocurrency market and especially for the holders of the original coin. However, the Dogecoin developers have recently distanced themselves from the approaching hard fork. The information wasgoed conveyed via a tweet on Dogecoin’s Twitter account. And it read:
“Very clarification: The Dogecoin Core developers are not involved ter strafgevangenis endorse the upcoming Dogethereum (DOGX) “hard fork”. It is also *not* related at all to the DOGE-ETH-Bridge project! Spil always, be careful, shibes.”
The clarification comes at a time when there is growing confusion te the community. Both the projects have the same names, and they are still ongoing. The Fresh York Times report correction did very little to repair the misinformation that had already spread. However, Dogecoin (DOGE) enthusiasts still believe te the vision of the coin to be among the top coins used ter payment processing. The Dogethereum Bridge project brings it a step closer to its goals.