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Dogecoin

Dogecoin Developers Highlight Major Upgrade, What’s New?

Scott Matherson
by Scott Matherson
4 months ago
·
Posted in Dogecoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Dogecoin developers have rolled out a major update to the blockchain’s with the release of Libdogecoin v0.1.4. This upgrade, which was announced through the Dogecoin Developers’ official channels on X and detailed on GitHub, introduces several new features to the Dogecoin blockchain including secure enclave integration, performance improvements, and expanded support for cryptographic tools like YubiKey. The timing of this release is notable, coming as DOGE’s price action continues to falter, with the meme coin steadily losing ground over the past two months. 

What’s New In Libdogecoin v0.1.4

Dogecoin has grown quite a lot from its early days as a joke by its creators Jackson Palmer and Billy Markus. These creators created the cryptocurrency as a lighthearted response to the volatility of other cryptocurrencies like Bitcoin, becoming the first meme coin in the process.

Related Reading: Elon Musk’s Shocking Dogecoin Announcement Sends Shivers Through Community As Price Tumbles

Now, the Dogecoin blockchain is home to many developers contributing to its open source, as shown by its recent update to v0.1.4. The release log for v0.1.4 on GitHub spans dozens of technical contributions from multiple developers, most notably highlighting improvements in performance, cryptographic efficiency, and support for secure hardware modules. 

Among the standout features are support for secure enclaves, the introduction of SPV (Simplified Payment Verification) pup features, and integration with YubiKey-based key management. The upgrade also includes native support for Intel assembly SHA algorithms and ChaCha20 encryption for speeding up the blockchain.

Key contributions include the implementation of an HTTP server, adjustments to chainwork positioning within block index structures, and improved REST endpoint functionalities. Additionally, developers have added features like the getTimestamp, getLastBlockInfo, and UTXO confirmations for better blockchain interaction, among many others. There are also updates to the underlying cryptographic libraries such as secp256k1, new guards for ARMv8 cryptographic extensions, and DragonFlyBSD support.

Dogecoin Devs Push Forward As Meme Coin Price Struggles

The contrast between Dogecoin’s development activity and its price stagnation raises questions about how much these upgrades will eventually be reflected in investor interest. Despite the technical momentum behind Libdogecoin, Dogecoin’s market performance has been under pressure since the beginning of the year. Over the past two months, the meme coin has failed to hold above several key support levels, retreating from highs above $0.22 to a current trading range below $0.16. 

Related Reading: Dogecoin Payments On X: Cardano Founder Offers Elon Musk Bitcoin Roadmap For Implementation

The fall is even more drastic, considering DOGE was at the brink of breaking above $0.5 again in December 2024 due to the intense buying pressure at the time. This buying pressure now feels non-existent, with trading volume very low. The lack of a strong bullish catalyst has weighed heavily on sentiment, a trend which is reflected in the wider crypto market. 

At the time of writing, DOGE is trading at $0.1632 and is steadily approaching the $0.17 price level again, where it could break out or face another rejection like it did earlier in the week. Analysts have identified $0.1520 as the next major support level, and a breakdown below that could open the door to further declines toward the $0.13 zone.

Dogecoin
DOGE trading at $0.16 on the 1D chart | Source: DOGEUSDT on Tradingview.com
Featured image from Unsplash, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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