- Dogecoin (DOGE) moves further with its growth as its official blockchain explorer is now live on Polygon Edge.
- Dogecoin is expected to have now the capability for DApps, NFTs and blockchain games.
- Dogecoin (DOGE) is currently trading at $0.08138 and is up by around 0.3% in the last twenty-four hours.
Smart Contract Capabilities In Dogecoin
Dogecoin (DOGE), the coin which initially appeared as a meme currency, has surprisingly made a significant position in the entire cryptocurrency market. Now Dogecoin has taken another step toward its growth.
The official Dogecoin blockchain explorer, Dogechain, is now live on Polygon Edge. And being developed with Polygon Edge indicates that Dogecoin would now have the inherent capability to deploy Decentralised Apps (DApps), create Non-Fungible Tokens (NFTs) or even develop blockchain games.
Now ultimately, this would provide the users with a long term and cost-effective way of imbuing the initial Dogecoin with the smart contract capability of Ethereum. Dogecoin enthusiasts can now have the power to access DeFi, and NFTs, further making a path for the new iteration of the current internet, Web3.
This Polygon Edge presents a decentralised Ethereum bridge solution which facilitates cross-bridge communication. And this provides the users with sending and receiving the ERC-20 tokens, NFTs and wrapped native currencies from any substrate network or EVM.
Furthermore, it is also EVM compatible, facilitating the developers to integrate Ethereum smart contracts right into their chain. At the same time, it would also stay compatible with the Ethereum smart contract standards, taking care of the ecosystem interoperability.
Hence, because Dogechain utilises Polygon Edge now, it also highlights the fact that the tokens issued on the Dogechain utilising the ERC-20 protocol can now also be used in the Ethereum Decentralised Finance ecosystem. And that it also has smart contract capabilities now.
At the time of writing, Dogecoin (DOGE) is trading at $0.08138 with a market cap of $10,796,892,060 and is up by around 0.3% in the last twenty-four hours.
Source: https://www.thecoinrepublic.com/2022/06/03/dogechain-now-accessible-on-polygon-edge-opening-gates-for-web3-and-defi-users/