Price: $0.40883 6.6902%
Market Cap: 60.06B 1.8219%
Volume (24h): 11.41B 0.4%
Dominance: 1.8219%
Price: $0.40883 6.6902%
Market Cap: 60.06B 1.8219%
Volume (24h): 11.41B 0.4%
Dominance: 1.8219% 1.8219%
  • Price: $0.40883 6.6902%
  • Market Cap: 60.06B 1.8219%
  • Volume (24h): 11.41B 0.4%
  • Dominance: 1.8219% 1.8219%
  • Price: $0.40883 6.6902%
Home > Information news > Dogecoin Developer Issues Important Decentralization Statement

Dogecoin Developer Issues Important Decentralization Statement

Release: 2024/09/23 04:30 Reading: 959

Original author:TheCoinrise Media

Original source:https://coinmarketcap.com/community/articles/66f07aab7e4489112e99fcc2

Dogecoin Developer Issues Important Decentralization Statement

Dogecoin Developer Emphasizes Decentralization for Layer-1 Blockchain

Dogecoin (DOGE) lead developer Mishaboar emphasizes the importance of decentralized, permissionless, and open-source Layer-1 blockchains.

Dogecoin's Decentralized Nature

Dogecoin's lack of a centralized control system distinguishes it from other cryptocurrencies. Mishaboar highlights that this decentralized approach is not meant as a personal attack but rather a fundamental principle.

Dogecoin's Rise from Meme to Top Currency

Dogecoin's unique origin story as a joke has contributed to its popularity. Despite being initially dismissed as a joke, Dogecoin has emerged as a top digital currency through community efforts.

Dogecoin's Resilience and Community

Mishaboar acknowledges Dogecoin's resilience, attributing it to its perceived friendliness, which serves as a gateway to cryptocurrency. He emphasizes the absence of a privileged group controlling the network's development.

Dogecoin's Decentralization Surpasses Other L1 Protocols

Mishaboar contrasts Dogecoin's decentralization with the centralization observed in other major L1 crypto-assets. He sees this as a potential weakness, negatively impacting both technical implementation and the long-term viability of cryptocurrency.

Caution for Dogecoin Builders

Mishaboar reminds Dogecoin developers and builders to adhere to the principles of decentralization. He urges them to view their work as external solutions rather than part of a privileged group. Failing to do so risks compromising Dogecoin's strength derived from its open and community-driven nature.

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