In 2024, Dogecoin had some technological breakthroughs, mainly reflected in the following aspects:
- Upgrade of the underlying blockchain architecture: The Dogecoin development team completed the upgrade and optimization of the underlying blockchain architecture, significantly improving transaction speed, enhancing network stability, and reducing transaction fees, making it more competitive in practical application scenarios.
- Strengthened security measures: Implemented BIP32, BIP39, and BIP44 standards, supported hardware wallet storage, strengthened private key management and backup functions, and reduced the risk of financial loss for users due to lost or stolen private keys. At the same time, known vulnerabilities were patched in a timely manner, enhancing the ability to withstand potential threats such as 51% attacks, creating a relatively secure trading environment for investors.
- Expansion of application scenarios: As technology matured, the application scenarios of Dogecoin became increasingly rich, appearing in various fields from online shopping, game platform top-ups to cross-border remittances, and NFT markets. In the DeFi field, Dogecoin has also been widely accepted as collateral, participating in liquidity mining and other innovative gameplay, greatly broadening its value boundaries.