Dogecoin, a supremely hyped meme coin, was launched 8 years ago as a joke. The open-source digital currency was developed by forking Litecoin with no serious goal in mind. And hence, it had no official whitepaper that most of the crypto projects release with the launch. The whitepaper contains the most critical details along with the expected future development and technical background of the cryptocurrency. However, after gaining constant support from Tesla CEO, Elon Musk, this digital coin has reached its pinnacle with its price moving from $0.07 to $0.7. The cryptocurrency prominence has shown a steep trajectory, and currently, it is one of the most popular cryptocurrencies.
The Dogecoin foundation has come up with a roadmap to solve the obstacle and enhance the entire Dogecoin ecosystem. The Dogecoin Foundation has announced that it will work to establish a Dogecoin Standard to document all technical details of its Dogewallet Implementation.
Moreover, the Dogecoin Foundation has witnessed an ambiguity in explaining the technical aspects of Dogecoin to the new developers.
“One thing we’ve experienced trying to get more devs into the Dogecoin community is the steep learning curve faced by even experienced developers.”
To make the entire technical specification of Dogecoin more transparent and Devs friendly, the foundation will create a ‘Developer Focused documentation”, and expect to get more developers in the Dogecoin community with this change.
Recently, users and exchanges have encountered a Dogecoin wallet glitch. It restricted users from withdrawing or depositing Dogecoin. Binance, the world’s leading cryptocurrency exchange also encountered this issue and fixed it after a tweet from Elon Musk. To fix this issue, the Dogecoin foundation will work to “Fully document the Reference Implementation.
“The Dogecoin Standard aims to fully document the reference implementation (Core Wallet), filling the gap of the often requested ‘whitepaper’ and providing docs to anyone trying to understand how Dogecoin works.”
Dogecoin had touched its all-time high price of $0.73 a few months back and currently stands at number 12 with a total market cap of approx $25 billion. The release of its roadmap sparks hopes in Dogecoin users about an enhancement and development of the Dogecoin network as there was no notable change in the Dogecoin ecosystem in past few years.