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- Developers of Dogecoin have introduced an updated core version
- The update will lead to several enhancements discussed below.
On Monday, Inevitable 360, a developer of Dogecoin, Tweeted, sharing that the Dogecoin nodes is soon to adopt a recently released Core version, i.e., Core v.14.6 updates. But, currently, the journey is still miles away.
On the dogecoin network, the number of active nodes is 5,674, out of which 1,803 nodes use the older version 1.14.5, but 251 nodes have been shifted to the upgraded version v.14.6.
Basically, the work of dogecoin nodes is to verify several transactions and blocks. Generally, a Dogecoin full node is preferred over any other Dogecoin node to verify the transactions on the blockchain.
Dogecoin is a decentralized digital currency, and any third party is not allowed to interfere in the network. The network is maintained by the particular computer which runs full nodes.
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All about the latest update
Last week, an updated core version, 1.14.6, was introduced by the developers, which came up with upgraded network performance and security enhancement. Also, the minimum amount of crypto for a valid transaction is decreased from 1 DOGE to 0.01 DOGE with this upgrade.
A wallet-related improvement has been made, which will help node operators to have great control of the network capacity by easily changing the maximal amount of connections without restarting.
The developer documentation states that to ease the work of node operators, a remote procedure call (RPC) has been introduced through which the operators can rescan the chain for wallet transactions.
According to the Github release, the update can easily accelerate the process of rescanning for keys which are generally produced after a specific date or block height.
Over 24 hours, the price of Dogecoin is highly fluctuating. The price of the company faced a downfall of 5.38%, parallel to the downfall in the crypto industry. In the past few weeks, the company has dropped 3.91%.
Conclusion
A downfall in the crypto industry has led the crypto exchange platform to fall drastically. So, companies like Dogecoin are upgrading themselves to avoid failure and maintain them in the race. These updates can make the function of the system smooth and may also attract customers.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
