Dogechain Now Available on Polygon Edge, Giving Dogecoin Users Access to DeFi and Web3

Dogecoin

Dogechain goes live on Polygon Edge, allowing Dogecoin smart contracts capabilities

Dogechain, the official Dogecoin blockchain explorer, is now live Polygon edge. Being built with Polygon Edge could imply that Dogechain would now have the inbuilt ability to deploy dApps, build NFTs, or even build blockchain games.

As a result, this provides users with a long-term and cost-effective way of imbuing the original Dogecoin with Ethereum smart contract capability. Users of Dogecoin would now have access to DeFi and NFTs, paving the way for a new, decentralized internet known as Web3.

Polygon Edge offers a decentralized Ethereum Bridge solution that enables cross-chain communication. This allows users to send and receive ERC-20 tokens, NFTs, and wrapped native currencies from any EVM or Substrate network.

Polygon Edge also has EVM compatibility, which allows developers to integrate Ethereum smart contracts straight into their chain. Meanwhile, this will remain compatible with Ethereum’s smart contract standards, paving the way for ecosystem interoperability.

In a way, the fact that Dogechain now uses Polygon Edge as its underlying framework makes it EVM compatible, implying that tokens issued on Dogechain using the ERC-20 protocol can now be used in the ecosystem. Ethereum DeFi. It also has smart contract capabilities, allowing Dogecoin holders to pay gas with DOGE for dApps deployed on the chain.

Dogecoin-Ethereum bridge

As previously reported by U.Today, Michi Lumin, a Dogecoin Core developer, recently tweeted about the Dogecoin-Ethereum bridge being constructed by Blue Pepper.

The Dogecoin-Ethereum Bridge is a technology that allows DOGE to move between the Dogecoin and Ethereum blockchains. Dogecoins can be used like any other ERC-20 token on Ethereum, allowing them to be invested in DeFi protocols and used to purchase NFTs. Dogecoin users could thus use DeFi, NFT and all dApps of the Ethereum platform.

admin

Read Previous

Shiba Inu Burn Rate Spikes 190% in 24 Hours: Report

Read Next

Dogecoin Developer Confronts Binance Smart Chain, Calling Every Token on It “Garbage”

Leave a Reply

Your email address will not be published. Required fields are marked *

Right Menu Icon