Dogecoin, the meme-inspired cryptocurrency beloved by many, is facing a technical hurdle as its network becomes increasingly congested with “inscriptions,” data messages stored directly on the blockchain. This has raised concerns about the network’s ongoing “health” issues.

狗狗幣是一種受到許多人喜愛的受模因啟發的加密貨幣，但它正面臨著技術障礙，因為它的網路變得越來越擁塞“銘文”，即直接存儲在區塊鏈上的數據訊息。這引發了人們對該網路持續「健康」問題的擔憂。

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Dogecoin Struggles: Network Congestion Raises Concerns

狗狗幣陷入困境：網路壅塞引發擔憂

According to a tweet by Timothy Stebbing, a Dogecoin developer and foundation member, the network is currently experiencing issues due to a large number of inscriptions. He described the situation as “Dogecoin is currently sick,” emphasizing the urgency for solutions.

根據狗狗幣開發者兼基金會成員 Timothy Stebbing 的推文，該網路目前由於大量銘文而遇到問題。他將這種情況描述為“狗狗幣目前生病了”，並強調解決方案的緊迫性。

Dogecoin is currently sick. We’re being contacted by a number of exchanges saying Dogecoin is jammed/unresponsive etc. We know the issue is inscriptions clogging the network, and devs across the board, core, fdn, etc are now putting their heads together on various ideas from…

狗狗幣目前生病了。許多交易所聯繫我們，稱狗狗幣被堵塞/無響應等。我們知道問題是銘文堵塞了網絡，所有開發人員、核心、fdn 等現在都在集思廣益，討論來自…的各種想法。

— Timothy Stebbing (@tjstebbing) February 6, 2024

— 提摩西‧史特賓 (@tjstebbing) 2024 年 2 月 6 日

The congestion stems from the meme coin’s blockchain’s dual purpose: facilitating financial transactions and storing inscriptions, similar to NFTs on other blockchains. However, unlike NFTs, many within the DOGE community view these inscriptions as having no real value or practical use, labeling them as “bloatware” or “spam.”

擁塞源自於 meme 幣區塊鏈的雙重目的：促進金融交易和儲存銘文，類似於其他區塊鏈上的 NFT。然而，與 NFT 不同的是，DOGE 社群中的許多人認為這些銘文沒有真正的價值或實際用途，並將它們標記為「臃腫軟體」或「垃圾郵件」。

This data overload is causing the network to become “jammed/unresponsive,” as reported by Stebbing. Several cryptocurrency exchanges have contacted the Dogecoin Foundation to express concerns about the network’s sluggishness.

據 Stebbing 報導，這種數據過載導致網路變得「堵塞/無響應」。多家加密貨幣交易所已聯繫狗狗幣基金會，表達對網路緩慢的擔憂。

Rocky, I’m not a fan obviously but I’m also not a gatekeeper, Dogecoin is a decentralised project. Absolutely we need discussion. Dogechain and Doglabs (doginals) are using Dogecoin for an alternative purpose that I’m not fundamentally against but if it’s going to bring down…

Rocky，我顯然不是粉絲，但我也不是看門人，狗狗幣是一個去中心化的項目。我們絕對需要討論。 Dogechain 和 Doglabs（狗）正在將狗狗幣用於另一個目的，我並沒有從根本上反對，但如果它會導致…

— Timothy Stebbing (@tjstebbing) February 6, 2024

— 提摩西‧史特賓 (@tjstebbing) 2024 年 2 月 6 日

DOGE Foundation Seeks Solutions Amid ‘Sickness’

DOGE 基金會在「疾病」中尋求解決方案

The Dogecoin Foundation and its core team are actively brainstorming solutions to address this issue. Stebbing mentioned exploring options “from friendly to extreme,” suggesting that moving data off-chain at the protocol level might be a potential solution. This would free up space on the main Dogecoin network for core functionalities like financial transactions.

狗狗幣基金會及其核心團隊正積極集思廣益解決這個問題。斯特賓提到探索「從友好到極端」的選擇，表明在協議級別將數據移出鏈可能是潛在的解決方案。這將為狗狗幣主網路騰出空間用於金融交易等核心功能。

The issue of network congestion is not entirely new. Dogecoin contributor @Tdogewhisperer had previously flagged a surge in transactions, reaching a peak of 1.9 million within 24 hours. However, he clarified that these transactions were primarily for creating inscriptions, not for transferring funds.

網路擁塞問題並不是什麼新鮮事。狗狗幣貢獻者@Tdogewisperer 先前曾表示交易量激增，在 24 小時內達到 190 萬筆的峰值。不過，他澄清說，這些交易主要是為了創造銘文，而不是為了轉移資金。

Dogecoin currently trading at $0.07856 on the daily chart: TradingView.com

狗狗幣目前在日線圖上的交易價格為 0.07856 美元：TradingView.com

Further adding to the complexity is a recent transfer of 100 million Dogecoin (approximately $7.8 million) to Robinhood, a popular cryptocurrency platform known for attracting retail investors. This has sparked concerns about potential speculative activity and its impact on the price of Dogecoin, which has been experiencing fluctuations in recent days.

進一步增加複雜性的是，最近向 Robinhood 轉移了 1 億狗狗幣（約 780 萬美元），Robinhood 是一個以吸引散戶投資者而聞名的流行加密貨幣平台。這引發了人們對潛在投機活動及其對狗狗幣價格影響的擔憂，狗狗幣最近幾天一直在經歷波動。

DOGE Price At A Glance

DOGE 價格一覽

Dogecoin (DOGE) is treading water around $0.07, down 0.7% in the last seven days, and 1.8% since February began. The “love month” hasn’t been kind to memecoins. Major players like Shiba Inu, BONK, and PEPE are all in the red, with losses ranging from 4% to 9%. This downtrend casts a shadow over the once-booming memecoin market.

狗狗幣（DOGE）目前徘徊在 0.07 美元左右，過去 7 天下跌 0.7%，自 2 月初以來下跌 1.8%。 「愛情月」對迷因幣來說並不友善。 Shiba Inu、BONK 和 PEPE 等主要廠商均出現虧損，虧損幅度在 4% 至 9% 之間。這種下降趨勢給曾經繁榮的迷因幣市場蒙上了陰影。

Despite the wider slump, Dogecoin has shown surprising resilience. Its price drop is the smallest among its memecoin peers, suggesting it might be weathering the storm better. Could whales be the secret weapon?

儘管出現了更廣泛的下跌，狗狗幣卻表現出了令人驚訝的韌性。它的價格跌幅是模因幣同類產品中最小的，這表明它可能能更好地經受住這場風暴。鯨魚可能是秘密武器嗎？

Whales Dive In

鯨魚潛入水中

Meanwhile, on-chain data hints at strategic whale activity, with large investors scooping up DOGE. Estimates suggest whales have bought roughly $27 million worth of DOGE in the past two weeks, potentially accumulating over 40 billion coins. This buying spree suggests whales see value in Dogecoin’s future.

同時，鏈上數據暗示了戰略鯨魚活動，大型投資者紛紛買進 DOGE。據估計，鯨魚在過去兩週內購買了價值約 2,700 萬美元的 DOGE，可能累積了超過 400 億枚代幣。這種購買熱潮顯示鯨魚看到了狗狗幣的未來價值。

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Featured image from iStock, chart from TradingView

精選圖片來自 iStock，圖表來自 TradingView