Dogecoin Update: Latest Developments and Today's DOGE Price
2024-08-12Bittime - Dogecoin (DOGE) has just launched an important update to its system. This update is expected to significantly improve the performance and security of the Dogecoin network. Read more!
Dogecoin Team Releases Update on GitHub
The Dogecoin development team recently released their latest update on the GitHub platform. The main focus of this update is to address several critical bugs that previously plagued network performance, as well as improving overall system functionality.
Previously, the initial launch of the Core Dogecoin client experienced several obstacles. The results obtained were not as expected.
This makes developers have to work hard to find solutions. The latest version, codenamed 1.14.8, is specifically designed to address these issues effectively.
"We listened to input from the community and worked hard to make Dogecoin more stable and efficient," said one Dogecoin developer who asked not to be named.
This update brings a number of important improvements to the Dogecoin network. Among these are better transaction request management and handling orphan transactions which is more efficient.
In addition, there is also more accurate network traffic tracking. All of these improvements aim to improve the overall efficiency and reliability of the Dogecoin blockchain.
Dogecoin Update Challenge
However, this update is not without challenges. The development team experienced problems providing notarized dmg files for MacOS users due to complications with Apple's service. However, they assured that the files will be available in the near future.
Meanwhile, in terms of market performance, Dogecoin experienced a slight decline. Today, its value fell by around 6%, bringing the price to as low as $0.10 (Rp. 1,600). In the last week, this crypto asset experienced an even more significant decline, namely by 16.1%.
Interestingly, even though Dogecoin futures open interest decreased by 3.09%, its derivatives trading volume actually increased by 2.25%. This reflects market sentiment which is still uncertain towards this token.
"Price fluctuations are normal in the crypto world. What matters are the fundamentals and long-term potential of a project," commented an independent crypto analyst.
Latest Dogecoin (DOGE) Price Movements
According to data from Bittime, DOGE coin experienced a significant decline, namely 6.79% in the last 24 hours when this article was written. Currently DOGE is trading at IDR 1,630 (around $0.1).
Even though the price is dropping, this latest update shows the Dogecoin team's commitment to continuing to improve the quality and reliability of their network.
Dogecoin users and investors are advised to stay abreast of the latest developments and always be careful in making investment decisions.
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