As a seasoned analyst with over two decades of experience in the crypto market, I must admit that the recent progress of the Dogecoin Foundation is nothing short of impressive. The trailmap they’ve laid out for Dogecoin’s ecosystem improvement is a well-thought-out strategy that, if executed correctly, could significantly boost Dogecoin’s potential.
Just now, the Dogecoin Foundation announced some thrilling news about their roadmap for Dogecoin, focusing on the strides they’ve made towards enhancing the Dogecoin community infrastructure.
Over the past year, the Dogecoin Foundation has made remarkable strides in several key projects. Notably, the GigaWallet, LibDogecoin and RadioDoge initiatives have seen continuous improvements.
As an analyst, I recently came across an update from the Dogecoin Foundation. They shared a Trailmap titled “Dogecoin Foundation Roadmap: Progress Report,” indicating their ongoing efforts and developments within the organization.
Dogecoin Foundation Trailmap: How it’s going 🔥
— Dogecoin Foundation (@DogecoinFdn) September 5, 2024
In the image attached to the tweet, three stages in the trailmap were emphasized as milestones for tracking progress. The Dogecoin Foundation indicated that step 1, which aims to make development accessible and expand the developer community by using libdogecoin, developing multi-language bindings, fostering a larger developer community, expanding the ecosystem of free and open-source software (FOSS), and encouraging businesses to accept Dogecoin, has achieved 100% completion.
Advancement of 90% was emphasized for step 2, which involves making it easier for businesses and commerce to use Dogecoin, as well as for the 1.7 billion unbanked individuals, through the Gigawallet Payment Gateway, Ecommerce plugins, and Radio Doge Dogebox OS (Dogecoin Platform/ Runtime).
In step 3, it was emphasized that progress of 10% has been made towards enhancing Dogecoin’s transaction capacity to match global currency scalability demands. This is primarily being addressed through the Sakura project, which includes the development of an updated “proof of Doge” protocol, aiming to increase block speed by ten times, expand block size by the same factor, and ensure maximum decentralization.
Dogecoin trailmap
The “Dogecoin Roadmap,” launched in December 2021, is an eight-stage initiative. It commences by updating the dogecoin.com website and culminates with a collaboration to develop a decentralized application (dApp) for point-of-sale transactions, enabling Dogecoin to be utilized as currency.
According to the Dogecoin Foundation, the Dogecoin Roadmap outlines the journey they are dedicated to embarking on with Dogecoin, which they believe will significantly contribute to its prosperity.
The blueprint provided by the foundation lays out a course of action that includes strengthening Dogecoin’s security by introducing diversity in its network (which involves setting up quicker, additional nodes), and solidifying Dogecoin’s identity by establishing a clear, verifiable standard for Dogecoin, complete with thorough testing.
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2024-09-06 14:01