Advertisement
AD

Main navigation

Dogecoin on the Cusp of Implementing Elon Musk-Supported Upgrade

Advertisement
Mon, 8/11/2021 - 8:00
Dogecoin on the Cusp of Implementing Elon Musk-Supported Upgrade
Cover image via www.youtube.com
Read U.TODAY on
Google News

Dogecoin Core 1.14.5, a new minor version release that finalizes the much-hyped fee reduction for all network participants, is almost finished, according to the most recent update from the team of developers.

Advertisement

With the new upgrade, the recommended block inclusion fee is set at 0.01 DOGE (roughly $0.002) per kilobyte in the core wallet.

While the network started supporting low fees with 1.14.4, it will now adopt them by default, which means that third-party wallets of the likes of Exodus and Ledger will support cheaper transactions. 

Tesla CEO Elon Musk has voiced his support for reducing Dogecoin's transaction fees on multiple occasions.

In his opinion, such an improvement would help to turn Dogecoin into a viable means of payment.

Related
The fee reduction proposal had to gain support within the community since Dogecoin is a decentralized cryptocurrency.

Apart from cutting transaction costs, the release also contains several fixes for high-severity vulnerabilities that affect the majority of Dogecoin Core users.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD