While Musk Mentions Doge Improvements, Dogecoin Developers Continue to Address Scaling Concerns

While Musk Mentions Doge Improvements, Dogecoin Developers Continue to Address Scaling Concerns

On Sunday, Elon Musk discussed his relationship with the Dogecoin Foundation and he mentioned a few improvements he’d like to see implemented via Dogecoin Core’s codebase. Meanwhile, Github metrics show developers have been working on Dogecoin Core during the last few months and it seems Dogecoin software engineers are prepping the network to address fees, transaction time, and mining.

Dogecoin Proponents Including Elon Musk Patiently Wait for a fee Change Fix, Dogecoin Core Repo Has Been Active

At the end of June, Tesla’s CEO Elon Musk tweeted about the fee change proposal added to the Dogecoin Core Github repository. At the time, Musk said it was “important to support” it. The following week, people noticed that Dogecoin software developers Ross Nicoll and Patrick Lodder were maintaining the project and looking to add Musk’s suggestions. Lodder’s Dogecoin Core fee change proposal explained that the fix would be “gradually deployed to the network over multiple software releases.”

Ever since then, there’s been a lot more action happening in the Dogecoin Core Github repo. 1000x.group metrics from the “Number of Developers Working on Specific Crypto Projects” tracker show that between August 2017 to January 2021, Dogecoin network development was a ghost town. In February 2021, 16 software engineers were working on the project, in May there were three developers. 1000x.group statistics show that 12 software developers contributed to Dogecoin Core in August.

Last Dogecoin Release ‘Part of a Two-Stage Update to Lower the Fee Recommendation’

Looking at Dogecoin Core’s Github repo indicates that Ross Nicoll and Patrick Lodder are still very active. Lodder dropped the release Dogecoin Core 1.14.4 on August 20, 2021.

While Musk Mentions Doge Improvements, Dogecoin Developers Continue to Address Scaling Concerns

Lodder’s description of the 1.14.4 software notes that the release prepares the network for a reduction of the recommended fees. The action would reduce the “default fee requirement 1000x for transaction relay and 100x for mining.”

“At the same time, it increases freedom for miner, wallet, and node operators to agree on fees regardless of defaults coded into the Dogecoin Core software by solidifying fine-grained controls for operators to deviate from built-in defaults,” the Dogecoin Core 1.14.4 release notes written by Lodder explain. “This realizes the first part of a two-stage update to lower the fee recommendation – a follow-up release will implement the lower fee recommendation, once the network has adapted to the relay defaults introduced with this version of Dogecoin Core.”

In the Twitter thread with the Tesla CEO Elon Musk, the individual mentioned “NFT integrations” that looked “promising.” But many others agreed with Musk who was more interested in “lowering fees, decreasing block time & increasing block size.” Dogecoin’s co-creator Billy Markus agreed with Musk as well. “Yeah… IMO dogecoin being fast, scalable, and inexpensive to send around is all it needs to be, it doesn’t need to be yet another blockchain that hosts NFTs or other tokens or whatever,” Markus said. Tesla’s CEO agreed with the Dogecoin co-founder and replied with a 100% emoji.

From the looks of it, Dogecoin Core developers are preparing to address Musk’s scaling concerns. The Dogecoin community has supported Musk’s scaling idea for quite some time but almost once a week someone asks: “when will Dogecoin transaction fees drop?”

What do you think about Elon Musk’s Dogecoin network scaling concerns and the recent Dogecoin Core development? Let us know what you think about this subject in the comments section below.

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Swarm of Alternative Crypto Assets Outpace Bitcoin’s Gains by Double Digits This Week

After the price of bitcoin tapped an all-time high above the $67K handle, it then dropped below the $60K zone to $59,510 per unit. Since then, the leading crypto asset has regained some of the losses and bitcoin is still up 2.4% during the last seven days. However, a great number of crypto assets have outperformed bitcoin’s weekly rise, capturing double-digit gains as high as 65.1%.

Thorchain, Nexo, Near, Okb, Shiba Inu, Safemoon Values Spike

Digital currency markets are on the move again as the $2.733 trillion market valuation of all 10,000+ crypto assets is up 4.6% on Monday. BTC has jumped a bit higher during the latter half of Sunday’s trading sessions into Monday and BTC has gained 2.4% this past week. But there’s over 55 different digital assets that have outperformed BTC’s weekly gains.

The top seven-day gainer this week is thorchain (RUNE) which has jumped a whopping 65.1% this past week. The crypto asset thorchain has a $3.3 billion market capitalization and $208 million in trade volume on Monday. Nexo (NEXO) spiked 61.6% during the last week and has a market cap of around $1.5 billion.

Nexo is followed by okb’s (OKB) gains which have jumped 61.5% this week and near’s (NEAR) value rise of 56.1%. Shiba inu suffered some losses after Elon Musk said he didn’t own any SHIB but the meme-currency did gather 53.2% in gains this week. Harmony (ONE) did well this past week obtaining 47.5% and safemoon (SAFEMOON) lifted 45.8%.

Ethereum Gains 9% Pushing Market Dominance to 18.2%

As far as the top ten crypto are concerned, ethereum (ETH) has risen 9.4%, binance coin (BNB) spiked 3.4%, solana (SOL) is up 33%, polkadot (DOT) up 5.7%, and dogecoin (DOGE) jumped 10.7%. With a $2.733 trillion market valuation, all the digital assets today have seen around $125 billion in global trade volume.

Ethereum’s 9.4% gain has cushioned ether’s dominance level this week as it has tapped 18.2% on Monday. Bitcoin’s dominance level has dropped a couple of percentages from over 45% to 43.5% on Monday afternoon.

Furthermore, binance coin (BNB) has a market cap dominance of around 3.09%, the stablecoin tether (USDT) commands 2.72%, cardano (ADA) 2.71%, and solana (SOL) 2.43% in terms of market dominance among the 10,000+ crypto assets.

What do you think about the crypto market performers this past week? Let us know what you think about this subject in the comments section below.

Original Article

Metawars Concludes Raise With Reputable Supporters and Partners

Metawars Concludes Raise With Reputable Supporters and Partners

PRESS RELEASE. MetaWars, an innovative, multiplayer strategy blockchain-based game, has successfully raised $2.3 million USD from its supporting investors. MetaWars has collaborated with various investors and partners to incorporate blockchain into the emerging gaming industry and revolutionize NFTs.

The game has recently announced their exclusive NFT auction starting from October 21st. The auction will be ongoing until the date of their confirmed TGE, the 27th of October. The NFT auction offers participants a range of NFTs that provide advantageous benefits for players in-game from a minimum price of 0.2 BNB. To know more about MetaWars’ exclusive NFT auction event, visit here.

MetaWars, as mentioned, will be hosting their TGE on the 27th of October in collaboration with three launchpads, Polylauncher, Red Kite and GameFi. Their utility token, $WARS, has a total supply of 1,500,000,000 and is required for an in-game token $GAM for staking, upgrades, trading and more on their NFT marketplace.

Introducing MetaWars

MetaWars is a sci-fi strategy game set with a multi-layered, key tactical battlefield that enables players to monetize from the game. Users can customize their game experience by taking control of the game’s ecosystem. It is a highly-interactive, galactic exploration game that provides users the opportunity to discover universes, solve mysteries, and defend riches from adversaries. With MetaWars, every player can wager, play-to-earn, and obtain NFT collectibles by completing challenges, earning MetaWars’ tokens ($WARS) and in-game ($GAM) tokens.

Investors and Partners

MetaWars has successfully raised a total of $2.3 million USD for funding. The company is supported by various investors, including ABV, Raptor Capital, CinchBlock, x21, CoinUnited.io, Double Peak, Magnus Capital, Everse Capital, Infinity Gainz, and IceTeaLabs.

The company is also grateful for the endless support of various partners, such as BSC, PancakeSwap, and launchpads Polylauncher, Red Kite and GameFi.

Metawars is also supported by content creator Mr. Beast. Mr. Beast is one of the top content creators in the industry amassing 70.3 million YouTube followers. This serves as an opportunity for MetaWars to be introduced to various communities and provides the company with strength and motivation to move forward in the crypto industry.

MetaWars plans to utilise the accumulated funds to enhance the game and further the development of the platform and reach new heights, providing users the opportunity to maximize the use of the platform.

For more technological updates and important announcements, don’t forget to visit MetaWars’ social media platforms.

About MetaWars

MetaWars is a play-to-earn next-generation blockchain-backed gaming experience. Explore and battle throughout the universe. Fight, trade, and earn robots, ships, and planetary terrain backed by NFT in-game items. The $WARS token will become the anchor of an entire universe up for grabs.

Website: https://metawars.gg/

Twitter: https://twitter.com/MetaWarsNFT

Telegram: https://t.me/MetaWarsNFT

Reddit: https://www.reddit.com/r/MetaWarsNFT/

Discord: https://discord.com/invite/VtCZCEQbd6

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Original Article