New Dogecoin Update is Live! Here’s What You Need To Know

Dogecoin has signed a new update. Billy Markus, one of the founders of DOGE, announced the update on Twitter. Accordingly, the new Dogecoin Core 1.14.6 upgrade covers many network-related updates. The upgrade is already starting to cause great excitement among DOGE investors. Here are the details…

New Dogecoin Core upgrade released

Dogecoin developers released the blockchain update late Wednesday. It then urged all network participants to upgrade the platform to the latest version. The new Dogecoin Core 1.14.6 update is notable for including security and efficiency upgrades to the core blockchain. DOGE update fixes multiple security issues. It also makes some changes to the existing transaction fee structure and introduces a few new features. Now let’s take a closer look at the developments.

Some “flash changes” include changes to the configuration of a wallet backup directory. It also includes a limit on the maximum number of addnode registrations. Accordingly, the maximum number of addnode registrations is now limited to 800 on the Dogecoin network. This new version also includes a significant upgrade to DOGE’s compensation mechanism. Accordingly, it changes the recommended money limit for all network participants from 1 DOGE to 0.01 DOGE. New features include improving detection of stuck processes, pruning UI configuration. It also signs some features like Core upgrade, managing the number of connections without rebooting required.

Musk tweeted, daily transaction count on network hits record

In particular, the developers say that the latest update has significantly improved the network’s security, efficiency, and user interface. Dogecoin Core developer Patrick Lodder spoke about the update in a Github document. Accordingly, “The upgrade is a new minor release release, including important security updates and changes in network efficiency,” he said. Also, “We strongly recommend all network users to upgrade the network.” he added. Improved memory management of the network in congestion situations, according to the Github document. The document also reveals that the network now rejects bad messages as well.

In particular, the DOGE community was very excited by the news of the upgrade. Commenting on the announcement, famous DOGE advocate Elon Musk said, “Upgrades!” he tweeted. Billy Markus, co-creator of Dogecoin, announced the post with the headline “New version of Dogecoin core released”. Such excitement came after the latest introduction of memes on Dogeverse. Accordingly, the Core upgrade has followed the latest wave of positive emotions in the Dogecoin community. As a result, there was a significant increase in activity, especially in the network. The blockchain network has managed to reach a transaction number it hasn’t seen since May 2021. Accordingly, the network processed over 80,000 transactions on July 20, 2022.

Whales increase DOGE savings

With the Dogecoin upgrade, the interest of crypto whales in meme coin has increased. As we reported, DOGE is a favorite of Binance whales and these whales buy it the most. In the recent market surge that started last week, there was a significant increase in the number of transactions above $100,000 in Dogecoin. DOGE rose on Wednesday to reach $0.076 daily. However, it later fell. At the time of writing, the meme coin was changing hands at $0.068, down 4.04% daily. However, despite its recent decline, the coin has gained 13% in the last 7 days.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing site 3 months ago.