An Important Announcement for Dogecoin (DOGE) Investors
If you are an investor in Dogecoin (DOGE), it is crucial to take note of the recent update regarding the popular layer-2 scaling solution, Dogechain. Dogechain has announced that it will be shutting down its wallet services next month. Here’s what you need to know:
Move Your DOGE Before June 1st
According to Mishaboar, one of Dogecoin’s developers, investors should make sure to transfer their DOGE out of the Dogechain wallet before June 1st. Additionally, it is advisable to keep a copy of your wallet’s private keys for future use. Here are the key points to remember:
- Transfer your DOGE out of http://dogechain.info before June 1st
- Keep a copy of your wallet’s private keys
About Dogechain
Dogechain is an Ethereum Virtual Machine (EVM) blockchain that leverages the technology of Polygon (MATIC) to bridge the Dogecoin ecosystem with Web3. Here are some key features of Dogechain:
- Utilizes a proof-of-stake (POS) consensus mechanism
- Enables faster and more affordable transactions
- Facilitates access to NFTs, blockchain-based games, and DeFi services
Current DOGE Price
As of the latest data, Dogecoin is trading at $0.132, reflecting a 10.86% increase in the past 24 hours. Compare this to its value of $0.219 on March 28th.
Final Thoughts
As a Dogecoin investor, it’s essential to stay updated on the latest developments in the ecosystem. By acting promptly to move your DOGE from Dogechain before June 1st, you can ensure the safety of your assets and avoid any potential disruptions. Stay informed and take the necessary steps to safeguard your investments.
Sources:
Mishaboar Twitter
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