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Dogecoin Interview: Discussing Updates, Exchange Listings, and Future Plans With DOGE Core Devs

Dogecoin currently stands as the 28th largest cryptocurrency with a market cap of about $324 million. In 2019, this popular digital currency has enjoyed new listings on various exchanges, such as Binance and Binance US, and had support for it added to multiple wallets and other platforms. I reached out to two Dogecoin core developers, […]

Dogecoin Interview: Discussing Updates, Exchange Listings, and Future Plans With DOGE Core Devs was originally found on Blokt – Privacy, Tech, Bitcoin, Blockchain & Cryptocurrency.

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Dogecoin currently stands as the 28th largest cryptocurrency with a market cap of about $324 million. In 2019, this popular digital currency has enjoyed new listings on various exchanges, such as Binance and Binance US, and had support for it added to multiple wallets and other platforms.

I reached out to two Dogecoin core developers, Ross Nicoll and Max Keller, to get their insights on the latest developments occurring in the Doge ecosystem, including details on the upcoming updates. Here’s how the interview went:

Could you tell me about the Dogecoin update 1.14.1 that is ready to go out?

It’s actually now Dogecoin 1.14.2 it looks like, which is a bit awkward. So we’ve found two bugs in 1.14.0 post-release, the first meant that merged mining doesn’t work, so miners couldn’t upgrade (this is fixed in 1.14.1) and the second is a miscalculation in transaction fees, which 1.14.2 is anticipated to contain a fix for.

1.14.1 is actually already available as source, so miners can upgrade by compiling it themselves, we’ve just had issues building binaries, and it looks like we’ll skip a binary release for 1.14.1.

Could you tell me about the upcoming 1.17 Dogecoin update?

For the most part, we’re remaining compatible with Bitcoin releases, so 1.17 simply brings us up to date with Bitcoin Core 0.17.2. We have talked about Segwit being enabled in an upcoming release, to enable Lightning with Dogecoin, but given our relatively limited time to work on the project, we’re just focusing on maintenance releases right now to keep everything stable.

One change I personally want to introduce is to require merged mining, rather than it being optional. This is required in order to support Segwit, as we use the version bits for merged mining data, and Segwit uses those same bits. By requiring merged mining always, we no longer require this extra information.

Is the Doge/Ethereum bridge still in development?

Sadly it’s on pause at the moment, as far as I am aware. It was being developed by a completely separate team, for a bounty put up in Ether, and with the drop in the price in Ether, they do not consider it financially viable to continue right now.

When will the Doge/Ethereum bridge be complete?

I’m hoping we’ll see that change or a new team bid for the bounty at some point, but we don’t have a date right now.

Dogecoin was listed on Binance this year, do you see a Coinbase listing on the horizon?

We’ve gone through the Coinbase listing documents, and they require a lot of structure we don’t have, so at the moment, it’s not on our roadmap. It’s an unfortunate situation that despite cryptocurrencies being designed to be decentralized, being an actually decentralized project seems to confuse a lot of companies in the space.

That said, it would be great to see Dogecoin listed, and if we can help Coinbase with this, I’d love to hear from them. Obviously, Dogecoin is in the Coinbase Wallet app, and I’m hoping that’s a good sign.

Dogecoin has a fixed inflation rate of 5.256 billion newly created coins each year. What are your thoughts on this, as many cryptocurrencies are promoted as being deflationary?

I know there’s a vocal group that dislikes this, but to me, this is fundamentally core to Dogecoin. I think many people miss that we’re not founders, and Dogecoin had no pre-mine, so the current developers have had no better opportunity than anyone else to stockpile. What I mean is if we were in this to make money, it would be much easier to work on a cryptocurrency that already has a profit model, than try reinventing Dogecoin.

Jackson Palmer recently handed over ownership of http://dogecoin.com, what are the plans for the website?

We’re currently establishing guidelines and common goals after Jackson’s departure, so I can only really talk for myself right now, but there’s a lot of common questions I’d like to address. The economy generally (but especially the lack of cap), who the team is and why we’re involved are probably the biggest areas I want to tackle.

Are there any other exciting future plans for Dogecoin you can share with us?

I’m really excited that we’ll be putting more information out, does that count? We’re engaging more with exchanges and promoting ourselves as a more professionally managed cryptocurrency, as well as hopefully better setting expectations on what Dogecoin is intended for. We really want to be a good currency; not a get rich quick scheme.

What might we see happen in the Dogecoin ecosystem over the next 12 months?

As Max put it, if we could tell you what’s happening 12 months from now, we’d be retired on a beach somewhere drinking cocktails. We’ll just have to see how things go 🙂

Dogecoin Interview: Discussing Updates, Exchange Listings, and Future Plans With DOGE Core Devs was originally found on Blokt – Privacy, Tech, Bitcoin, Blockchain & Cryptocurrency.

Source: https://blokt.com/interview/dogecoin-interview-discussing-updates-exchange-listings-and-future-plans-with-doge-core-devs

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IRS Makes Answering the “Yes or No” Bitcoin Question Much Easier

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: https://cryptobriefing.com/irs-makes-answering-yes-no-bitcoin-question-much-easier/

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Beware: Latest Ledger Email Phishing Scam Making The Rounds

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Consumers who have purchased Ledger hardware wallets have been waking up to nasty emails claiming that their crypto assets are in danger of being stolen. It is the latest in a long list of phishing attacks designed to lure the uninitiated into divulging their secret phrases or downloading malware.

The first round of spurious emails was asking for the 24-word recovery phrase and Ledger responded with a warning emailed to customers confirming that it would never ask for this.

The second round of emails is a little more insidious as they claim that a data breach on Ledger servers has affected the wallet associated with the target email account. It asks users to download the latest version of Ledger Live, via an email embedded link, and reset their PIN numbers.

It was reported that Ledger did suffer a data breach in July resulting in 9,500 users having their personal information compromised.

Ledger scam email

Sneaky Social Engineering

On initial glance, the email looks genuine but there are a number of key giveaways that are easy to spot for the trained eye. Firstly, the domain name is not from ledger.com but legder.com

Secondly, hovering over the link in the box (but being careful not to click it) reveals a dodgy URL; http://url9594.legder.com which is likely to result in the downloading of malware which may be able to log keystrokes, steal credentials, or mine cryptocurrency.

Crypto investors and traders have already taken to twitter to share this phishing scam and warn others about it;

Additionally, Ledger itself has published a list confirming knowledge of these phishing attempts and reinforcing the premise that funds are safe providing the recovery phrase is;

The company stated that nobody, including Ledger, should ever ask for the PIN number of recovery phrase, but this latest email was a call to action prompting the clicking of a malicious link.

Risk Mitigation

Hardware wallets, such as those produced by Ledger or Trezor, take an extra step to mitigate these risks. Ledger stated that crypto assets cannot be sent from a Ledger device unless the user physically connects it to the computer and verifies the transaction on both the computer and the device.

If malware is controlling the PC or smartphone, it cannot control the Ledger wallet, even when it is plugged into the computer.

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Source: https://cryptopotato.com/beware-latest-ledger-email-phishing-scam-making-the-rounds/

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After The Storm: Bitcoin Holds $13K Despite Wall Street Monday’s Plunge

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Despite a brief price slump to $12,800, Bitcoin has perhaps indicated signs of decoupling from the stock markets. Wall Street bled out rather viciously yesterday, while BTC has risen above $13,000 again.

Bitcoin Decouples From Stocks?

During the past several weeks, Bitcoin’s price performance has resembled that of the US stock markets. For example, when news broke out that US President Donald Trump tested positive for the COVID-19 virus, both asset groups tanked. Shortly after, when Trump left the hospital, BTC, and the stock market surged.

However, Bitcoin displayed a few yearly signs of decoupling last week. The three most prominent US-based stock indexes, namely the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average, lost value, while BTC went on an impressive roll, resulting in a fresh yearly high of above $13,350.

Yesterday’s trading session was also quite negative for Wall Street. The growing COVID-19 confirmed cases and concerns regarding the new US stimulus brought massive drops. The S&P 500 and Nasdaq declined by nearly 2%, while the Dow closed with a 2.3% decrease.

Initially, Bitcoin also followed the adverse performance. BTC was trading high above $13,200, but it vigorously tanked to its daily low of about $12,800. However, the primary cryptocurrency has recovered most of its losses since then and trades closely to $13,100.

btcusdt_char
BTC/USDT. Source: TradingView

Red Dominates The Altcoin Market

On a 24-hour scale, most altcoins have lost significant chunks of value. Ethereum has dived by 3% and trades well below $400. Just a few days ago, ETH touched $420.

Ripple (-1.8%) has dipped beneath $0.25. Bitcoin Cash (-3.1%), Chainlink (-4.6%), Cardano (-1.5%), and Litecoin (-2%) are all in the red from the top 10.

There’re two obvious exceptions – Binance Coin and Polkadot. BNB has jumped by over 1% to $31.26, while DOT has surged by 9% to $4.7.

heatmap
Cryptocurrency Market Heatmap. Source: Quantify Crypto

Further losses are evident from lower and mid-cap altcoins. Quant leads the way with a 13% decrease. Reserve Rights (-10.3%), HedgeTrade (-10%), CyberVein (-10%), Elrond (-9%), and Ampleforth (-8.5%) follow.

Nevertheless, a few coins are deep in green as well. Kusama is the most impressive gainer with a 26% surge, Ocean Protocol (14%), and Velas (9%) are next.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/after-the-storm-bitcoin-holds-13k-despite-wall-street-mondays-plunge/

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