Venus1100
Active member
Dogechain is a layer-2 blockchain that is EVM-compatible and aims to supplement the original Dogecoin cryptocurrency. Dogechain, as a proof-of-stake blockchain, aims to bring scalability, security, robustness, and utility to Dogecoin and to harmonize with the original meme cryptocurrency by enhancing its capabilities with smart contracts.
Dogechain's Key Characteristics
Dogechain's main goal is to expand the use cases of Dogecoin by providing it with much-needed utility. Dogecoin users can accomplish this by simply putting their $DOGE into Dogechain smart contracts and receiving $wDOGE PoS tokens in return. $wDOGE tokens exist on the Dogechain blockchain and will provide users with access to an ecosystem of DeFi products, NFTs, and GameFi that are all powered indirectly by their original $DOGE tokens. This increase in utility is based on the following technical features:
-IBFT Proof-of-Stake (PoS) consensus: The network allows community members to participate, ensuring a permissionless and decentralized blockchain.
-EVM-compliant: Existing Ethereum smart contracts can be easily migrated to Dogechain without any additional modifications.
-Community members (token holders) can make proposals, delegate, vote on blockchain parameters and events, and influence governance decisions through decentralized governance.
-Cross-chain compatibility: Dogecoin can be easily used on the Dogechain network by wrapping it through the Dogechain bridge and sending it back to the Dogechain network as needed.
Dogechain's Key Characteristics
Dogechain's main goal is to expand the use cases of Dogecoin by providing it with much-needed utility. Dogecoin users can accomplish this by simply putting their $DOGE into Dogechain smart contracts and receiving $wDOGE PoS tokens in return. $wDOGE tokens exist on the Dogechain blockchain and will provide users with access to an ecosystem of DeFi products, NFTs, and GameFi that are all powered indirectly by their original $DOGE tokens. This increase in utility is based on the following technical features:
-IBFT Proof-of-Stake (PoS) consensus: The network allows community members to participate, ensuring a permissionless and decentralized blockchain.
-EVM-compliant: Existing Ethereum smart contracts can be easily migrated to Dogechain without any additional modifications.
-Community members (token holders) can make proposals, delegate, vote on blockchain parameters and events, and influence governance decisions through decentralized governance.
-Cross-chain compatibility: Dogecoin can be easily used on the Dogechain network by wrapping it through the Dogechain bridge and sending it back to the Dogechain network as needed.
