Dogecoin’ Dancing in The Dark’ After The Upgrade

Doge coin

  • Dogecoin (DOGE) issued the Core 1.14.6 version on Thursday morning in Asia.
  • The native DOGE coins of Dogecoin traded erratically throughout the last day. 
  • The update reduced the suggested dust limit for each user on the Dogecoin network from 1 DOGE to 0.01 DOGE. 

The Upgrade to Core 1.14.6

According to a GitHub site, the creators of memecoin Dogecoin (DOGE) issued the Core 1.14.6 version on Thursday morning in Asia.

The minor version release brings important network performance improvements and security upgrades. Changes to alert messages and improved transaction download system dependability, which enable developers to retrieve historical transactions, are security-related enhancements.

The update reduced the suggested dust limit for each user on the Dogecoin network from 1 DOGE to 0.01 DOGE. The minimal amount of money required for a transaction to be completed on the chain is indicated by dust limitations, which are thresholds encoded in the Dogecoin network. Operators of wallets may also determine which transactions are blocked, unmined, or not in the mempool—a storage container for transactions awaiting mining into blocks. This stops the node from sending out missing or outdated transactions.

The Hormonal Doge-Swings

Node operators now have more precise control over the node’s network capacity thanks to a further wallet-related improvement that enables them to modify the maximum number of connections their node permits without restarting. According to developer docs, a new remote procedure call (RPC) method called rescan been implemented to let node operators rescan the chain for wallet transactions starting at a specific height. Developers said in the release that this could aid in expediting the rescan process for keys known to be created after a specific date or block height.

The native DOGE coins of Dogecoin traded erratically throughout the last day. As traders took profits on their holdings, prices dropped by almost 9%, regressing virtually all of Tuesday’s gains. The tokens are up 11% over the week, though.

Despite the price volatility, liquidations of DOGE-tracked futures totaled $5 million, indicating that spot trading was primarily responsible for the movements.

Source: https://www.thecoinrepublic.com/2022/07/22/dogecoin-dancing-in-the-dark-after-the-upgrade/