Tag Archives: $DOGE

Elon Musk Tweet Leads To An 'Important' Upgrade For Almost 800 Dogecoin Nodes

In a recent tweet, a Dogecoin (CRYPTO: DOGE) developer, Doge Whisperer mentioned the importance of the 1.14.4 Dogecoin upgrade, referring to a two-week-old tweet of Tesla Inc (NASDAQ:TSLA) CEO Elon Musk. 

Musk said it is 'important' to update the Dogecoin nodes, replying to Doge Whisperer's tweet on the Doge upgrades. Musk's tweet indicates that the upgrade in Dogecoin nodes is a key step to getting optimum growth while improving the blockchain's software security. 

What Happened: In the September 11th tweet, Doge Whisperer said, “Elon Musk told me it's important we upgrade our #dogecoin nodes. This will help secure the network and lower transaction fees. Currently, we are at 763 nodes and are making good progress. If you have an old node, upgrade to the newest version. The more new nodes, the better!”

In June, Musk had said that it was important to support the Dogecoin fee reduction. At the time, he was reacting to a proposal by DOGE developer Ross Nicoll.

According to the block explorer, Blockchair, Dogecoin only has around 1,090 nodes worldwide. Tom Bustamante, the Founder, and CEO of DogeLabs, commented, “Contributing nodes to the Doge network provides for faster transactions and more stable blockchain.”

Related Link: EXCLUSIVE: Matt Wallace Says His NFT Project DogeX Will Deepen Ties Between Dogecoin And Ethereum

Why It's Important: In August, Doge co-creator Billy Markus noted that the adoption of the latest DOGE upgrade would not happen immediately. The 1.14.1 update is the first part of a two-stage update to lower the fee. It is in the follow-up release that fee lowering would be implemented.

The 1.14.4 Dogecoin upgrade is intended to reduce transaction fees for Doge significantly. The low transaction costs should lead to more and more companies adopting and integrating the meme cryptocurrency. 

According to Bitinfocharts, the average Dogecoin fees are $0.589. At the end of August, doge fees were $1.332, but transaction costs peaked at $2.52 in mid-2021.

On September 7, the Dogecoin price dipped below $0.30, hitting as low as $0.22, along with Bitcoin dropping below the $50,000 mark. The last time Doge was seen at this price was in early August. 

Photo : Screenshot from Twitter post of @wifedoge

Dogecoin Can Now Help Rescue All The Good Bois As PAWS Chicago Begins Accepting Crypto Donations

“Dogenations” or donations denominated in Dogecoin (CRYPTO: DOGE) can now be made to PAWS Chicago, an organization centered around building No Kill animal communities in Chicago and elsewhere.

What Happened: PAWS Chicago NOW accepts DOGE, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and “many other cryptocurrencies,” as per its website.
See Also: How To Buy Dogecoin (DOGE)

The organization is partnering on a pro-bono campaign with Leo Burnett, a creative advertising agency, as per a statement. Leo Burnett is banking on the “laser eyes” meme for “out-of-home advertising” keeping in mind a tech-savvy demographic.

“The rise of Dogecoin is further proof that people love dogs,” said Ben Doessel, associate creative director at Leo Burnett.

“We are eager to connect with the growing cryptocurrency community, who can help sustain the future of animal welfare in Chicago and save animals' lives,” said PAWS Chicago CEO Susanna Homan.

Why It Matters: PAWS Chicago noted that millennials are most active in cryptocurrency and have recently overtaken Gen X as the largest pet-owning cohort of Americans while both pets and cryptocurrency trends simultaneously. 

See Also: Bitcoin Sees Increased Selling From 'Old Hands' As It Trades Near $50,000 Level

“#DogsOfTikTok has 78 billion views and #DogsOfInstagram has 248 million posts. Meanwhile, conversations around cryptocurrency are especially active on Reddit, particularly on /r/CryptoCurrency (3.2 million Subscribers) and /r/Dogecoin (2 million Subscribers),” noted the organization.

In April, an anonymous donor gave generously to a Florida animal shelter after receiving a windfall from her DOGE investment.

Last month, Brandon Brown, the Baby Doge Coin (CRYPTO: BABYDOGE) NASCAR driver and animal lover, appreciated that the coin donated $100,00 to save dogs.

Price Action: DOGE traded 7.09% lower at $0.29 over 24 hours at press time.

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