The Dogecoin team may attract attention with an important security update. With the release of Dogecoin Core 1.14.8, it is aimed to increase the security measures of the network. This update aims to strengthen the security of the ecosystem, with a particular focus on improving the reproducibility of the build process.
A Dogecoin developer stated in his post on X that the compilation process of Dogecoin Core 1.14.8, made by many developers, can be reliably reproduced. This is considered an important indicator that the update is near. In addition to performing critical functions such as network joining, transaction verification, and data transmission, the Dogecoin Core client is also capable of securely storing user keys in the event of a transaction.
The developer used an analogy to emphasize the importance of ensuring the trustworthiness of the Core client. If users had to trust someone who did not have the ability to audit every line of code used to compile the Core client, this could pose a security risk. Untrustworthy individuals could create vulnerabilities in the software, which could compromise usersâ private keys or identities, leading to a network bottleneck or even a complete takeover.
To address these concerns, the latest update to Dogecoin Core aims to ensure that users can no longer blindly trust anyone. This update aims to create a transparent and secure development process by enabling multiple developers to reliably reproduce the same output using the same code and dependent libraries. This approach increases the security of the network and fosters transparency and trust within the community, so users can be more confident that their software is secure and untampered with.
As of August 2, Dogecoin, one of the leading memecoin projects in terms of market cap, experienced a slight price drop of 2.5%, trading at $0.1131 with a market cap of $16.43 billion. Dogecoin is the leader in the memecoin market, holding approximately 62% of the total industry market share. According to CoinMarketCap data, the combined market cap of memecoins has decreased by 21.5% in the last ten days, from $54.70 billion on July 22 to $42.91 billion on August 2.
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I EXPLAIN IN DETAILED.
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