Wednesday, October 5, 2022
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New Dogecoin Core Upgrade Goes Live

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Dogecoin gets an upgrade.



In a tweet on Thursday, core developers of the Dogecoin project revealed that the latest Dogecoin Core 1.14.6 has been released and is now live. 

Notably, developers say the latest update significantly improves the network’s security, efficiency, and UI.

“This is a new minor version release, including important security updates and changes to network efficiency,” Dogecoin Core developer Patrick Lodder wrote in a Github document. “All Dogecoin Core users – miners, services, relay operators and wallet users – are strongly recommended to upgrade.”

According to the Github document, the memory management of the network in cases of congestion has been improved. The document also reveals that the network now rejects buggy messages as well. Meanwhile, as regards fees, the network dust limit has been adjusted from 1 DOGE to 0.01 DOGE.

Notably, the community has received the news of the upgrade with excitement. Elon Musk commenting on the announcement, tweeted, “Upgrades!” Even as Dogecoin co-creator Billy Markus shared the post with the caption, “new version of dogecoin core released.”

It is worth noting that the upgrade follows the recent wave of positive sentiment in the Dogecoin community following the introduction of memes in the Dogeverse. Notably, there has been a significant uptick in activity on the network.

As The Crypto Basic reported, on Wednesday, the network processed over 80,000 transactions in 24 hours for the first time since May 2021. Additionally, it has continued to see increased interest from whales.

Notably, the doggy meme token is favored by the biggest whales on the Binance chain. Following the latest market rally, there has been a significant rise in transactions exceeding $100k on the network.

At the time of writing, Dogecoin is trading at the $0.06866 price point, down 4.04% in the last 24 hours but up 13% in the last seven days.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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