Dogecoin 🐕: Major Upgrade Proposal to Enhance Web3 Capabilities

Bitcoin scaling protocol QED has proposed a significant upgrade for Dogecoin, aiming to transform the memecoin network into a high-speed platform capable of running complex decentralized apps, similar to Ethereum or Solana.

Key Points:

🚀 Network Upgrade: QED's proposal includes increasing Dogecoin's network capacity and adding smart contract functionality.

⚡ Zero-Knowledge Rollup: The development of a zero-knowledge (ZK) rollup could significantly boost Dogecoin’s transaction speed and capacity.

💬 Community Impact: “A brilliant aspect of Dogecoin is the mindshare it has garnered around the world that now manifests in the form of a huge community of dedicated holders – and of course the excellent memes and dogs,” said founder Carter Feldman.

🔗 PoW Secured Chain: The upgrade aims to make Dogecoin the first Proof of Work (PoW) secured chain at feature parity with blockchains like Ethereum, offering the scalability of Solana.

🏗️ Collaboration: QED is working with major Dogecoin mining pools, including AntPool, ViaBTC, and F2Pool, to implement these upgrades.

💪 Ultimate Goal: Feldman stated the goal is to “make Doge STRONK!” and elevate Dogecoin’s brand recognition to a level similar to Bitcoin.

💎 Ethereum Killer Potential: With the upcoming ZKP integration, Dogecoin could develop valuable new applications, becoming a viable alternative to Proof of Stake (PoS) chains.

🌐 Next-Gen Crypto Projects: Dogecoin’s enhanced capabilities could turn it into a launchpad for the next wave of memecoins and NFTs, as well as a fully on-chain DEX for trading $DOGE .

📈 Price Impact: The unlocking of Dogecoin’s potential is expected to cause a significant increase in demand for the memecoin.

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