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.

狗狗币是一种受到许多人喜爱的受模因启发的加密货币，但它正面临着技术障碍，因为它的网络变得越来越拥塞“铭文”，即直接存储在区块链上的数据消息。这引发了人们对该网络持续“健康”问题的担忧。

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Dogecoin Struggles: Network Congestion Raises Concerns

狗狗币陷入困境：网络拥塞引发担忧

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.

根据狗狗币开发者兼基金会成员蒂莫西·斯特宾 (Timothy Stebbing) 的推文，该网络目前由于大量铭文而遇到问题。他将这种情况描述为“狗狗币目前病了”，并强调解决方案的紧迫性。

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…

狗狗币目前生病了。许多交易所联系我们，称狗狗币被堵塞/无响应等。我们知道问题是铭文堵塞了网络，所有开发人员、核心、fdn 等现在都在集思广益，讨论来自……的各种想法。

— Timothy Stebbing (@tjstebbing) February 6, 2024

— 蒂莫西·斯特宾 (@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.”

拥堵源于 meme 币区块链的双重目的：促进金融交易和存储铭文，类似于其他区块链上的 NFT。然而，与 NFT 不同的是，DOGE 社区中的许多人认为这些铭文没有真正的价值或实际用途，并将它们标记为“臃肿软件”或“垃圾邮件”。

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.

据 Stebbing 报道，这种数据过载导致网络变得“堵塞/无响应”。多家加密货币交易所已联系狗狗币基金会，表达对网络缓慢的担忧。

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，我显然不是粉丝，但我也不是看门人，狗狗币是一个去中心化的项目。我们绝对需要讨论。 Dogechain 和 Doglabs（狗）正在将狗狗币用于另一个目的，我并不从根本上反对，但如果它会导致……

— Timothy Stebbing (@tjstebbing) February 6, 2024

— 蒂莫西·斯特宾 (@tjstebbing) 2024 年 2 月 6 日

DOGE Foundation Seeks Solutions Amid ‘Sickness’

DOGE 基金会在“疾病”中寻求解决方案

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.

狗狗币基金会及其核心团队正在积极集思广益解决这一问题。斯特宾提到探索“从友好到极端”的选择，表明在协议级别将数据移出链可能是一个潜在的解决方案。这将为狗狗币主网络腾出空间用于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.

网络拥塞问题并不是什么新鲜事。狗狗币贡献者@Tdogewisperer 此前曾表示交易量激增，在 24 小时内达到 190 万笔的峰值。不过，他澄清说，这些交易主要是为了创造铭文，而不是为了转移资金。

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

狗狗币目前在日线图上的交易价格为 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.

进一步增加复杂性的是，最近向 Robinhood 转移了 1 亿狗狗币（约合 780 万美元），Robinhood 是一个以吸引散户投资者而闻名的流行加密货币平台。这引发了人们对潜在投机活动及其对狗狗币价格影响的担忧，狗狗币最近几天一直在经历波动。

DOGE Price At A Glance

DOGE 价格一览

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.

狗狗币（DOGE）目前徘徊在 0.07 美元左右，过去 7 天下跌 0.7%，自 2 月初以来下跌 1.8%。 “爱情月”对模因币来说并不友善。 Shiba Inu、BONK 和 PEPE 等主要厂商均出现亏损，亏损幅度在 4% 至 9% 之间。这种下降趋势给曾经繁荣的模因币市场蒙上了阴影。

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?

尽管出现了更广泛的下跌，狗狗币却表现出了令人惊讶的韧性。它的价格跌幅是模因币同类产品中最小的，这表明它可能能更好地经受住这场风暴。鲸鱼可能是秘密武器吗？

Whales Dive In

鲸鱼潜入水中

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.

与此同时，链上数据暗示了战略鲸鱼活动，大型投资者纷纷买入 DOGE。据估计，鲸鱼在过去两周内购买了价值约 2700 万美元的 DOGE，可能积累了超过 400 亿枚代币。这种购买热潮表明鲸鱼看到了狗狗币的未来价值。

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Featured image from iStock, chart from TradingView

精选图片来自 iStock，图表来自 TradingView