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Dogecoin Prepares For System Upgrade Next Month -Breaking

by Mike Robinson

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Dogecoin is preparing for a system upgrade in the next month

Dogecoin (DOGE), will undergo a protocol update later this summer. The meme coin’s developer shared a system upgrade roadmap, which aims to fix the currently existing protocol bugs and better protect Core wallet users.

Earlier this week Dogecoin’s developer Patrick Lodder shared a GitHub link with a checklist of tasks, that need to be done before releasing the Dogecoin’s protocol upgrade, named v1.14.6.

What’s on the Dogecoin Upgrade Plan

Lodder clearly separated the three categories of tasks that must be completed in order for Dogecoin to become a protocol upgrade.

This first group includes tasks that will fix known flaws and prevent future ones. He also plans to upgrade the Dogecoin Core wallet to make it more secure and cheaper to use.

Additionally, the second category of non-mandatory “Should Have” tasks include dependency updates and important cleanup. Meanwhile, the list of “Could Have” assignments include non-critical code cleanups and performance improvements.

“It is starting to look like we will really be able to do a release of 1.14.6 end of June,” Lodder posted earlier in May for his Reddit followers. His current release plan states that the Dogecoin upgrade will be completed by July 2022.

You are loved, but you have issues

The pioneer meme coin, DOGE, captured the world’s attention last year after Elon Musk’s endorsement and hints at making Dogecoin a payment currency for Tesla (NASDAQ:) cars. Its price soared more than 1120% within a matter of months, breaking all-time records.

The protocol for Dogecoin was not updated despite the increase in global demand. It also had multiple technical issues. Back in 2021, the upgrade of Dogecoin’s wallet caused a system glitch that resulted in an issue when numerous Binance users found their Dogecoin holding frozen and impossible to withdraw for more than two weeks.

The Price is always on the Rise

Dogecoin’s (DOGE), price rose mildly after the announcement of the protocol update. The coin went up by more than 5% after Lodder’s announcement, reaching the highest level of $0.0843 since the first days of June.

Dogecoin fell further today due to the correction. On Tuesday, the coin hit a low of $0.0783 but then traded slightly higher at $0.0798 as of this writing.

DOGE plunged nearly 10% within just one day. Over the past month, DOGE has seen a drop in value of more than 38%. It currently trades at 89% of the $0.7315 record. This was reached at May 2021’s beginning.

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