Dogecoin Could Get a Massive Network Upgrade—Here's How
Main Idea
Developers have proposed a network upgrade for Dogecoin called OP_CHECKZKP, which would introduce zero-knowledge proofs and enable zk-rollups, potentially transforming Dogecoin into a more versatile blockchain platform.
Key Points
1. The proposal, nicknamed OP_CHECKZKP, is put forward by DogeOS, the team behind the MyDoge wallet, and aims to introduce zero-knowledge proofs and zk-rollups to Dogecoin.
2. This upgrade could transform Dogecoin from a simple payments chain into a powerful base layer, enabling new use cases like zk-rollups and bridging.
3. Zero-knowledge proofs would enhance the network's privacy capabilities, allowing transactions to be verified without revealing underlying data.
4. DogeOS is developing an EVM-compatible layer-2 network for Dogecoin, which would not be possible without this upgrade.
5. The Dogecoin Foundation supports the proposal, seeing it as a step toward greater interoperability and ecosystem utility.
6. The upgrade process involves technical reviews, community discussions, and testing before being deployed via a soft fork.
Description
Dogecoin could rival the likes of Ethereum and Solana, developers say, if a new network upgrade proposal is passed and implemented.
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