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 for the past few months and it looks like Dogecoin software engineers are preparing the network to handle 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 him.” 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.”
Since then, there has been a lot more action 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.
Latest version of Dogecoin “is part of a two-step update to reduce fee recommendation”
A review of 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.
Lodder’s description of 1.14.4 software notes that the version prepares the network for a reduction in the recommended fee. The action would reduce the “default fee requirement 1000x for transaction relay and 100x for mining.”
At the same time, it increases the freedom for miners, wallets and nodes operators to agree on fees regardless of the flaws encoded in the Dogecoin Core software by strengthening the precise controls allowing operators to save money. depart 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 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 co-creator Billy Markus also agreed with Musk. “Yeah… IMO’s dogecoin is fast, scalable, and inexpensive to send, that’s all it takes, it doesn’t have to be another blockchain that hosts NFTs or other tokens. or other “, Markus noted. Tesla CEO agrees with Dogecoin co-founder and responded with a 100% emoji.
From the looks of it, Dogecoin Core developers are preparing to address Musk’s scaling concerns. The Dogecoin community has been supporting the idea of scaling Musk for some time, but almost once a week someone asks, “When will Dogecoin transaction fees go down?” “
