5/6/2023 0 Comments Speed up dogecoin core![]() Its price decreased when he criticized the fact that a large portion of Dogecoin’s supply is concentrated to a few holders. For example, Dogecoin’s price increased when Musk said he bought Dogecoin for his son. Anytime Musk tweets about Dogecoin, the price either increases or decreases depending on his sentiment. Musk himself is dubbed the “CEO” of Dogecoin. This year, however, the pump was sustained because of the support of celebrity “supporters,” which include rock band Kiss member Gene Simmons, Dallas Mavericks owner Mark Cuban and Tesla founder Elon Musk. Released as a joke cryptocurrency in 2013, Dogecoin has had numerous “pump and dump” moments in the past. ![]() According to an announcement made on Monday (March 1), developers have released a new version of Dogecoin Core that includes performance improvements for the protocol. There is no way anyone can lie to this wallet and suddenly make your coins disappear,” one Redditor said. Developers for Dogecoin (DOGE), the internet and Elon Musk’s favorite meme coin, have announced an update for the project that should speed up the protocol’s sync speed. “On this wallet, you own your keys and the software doesn't rely on anyone but you and your network connection. Since the Dogecoin Core is essentially a wallet for $DOGE, when users asked why this is better than having a wallet in a crypto exchange like Binance, users replied that using Dogecoin Core essentially means owning your own keys to your cryptocurrency. This is a huge accelerator for a diverse Dogecoin ecosystem: when we can make changes to our node and wallet implementations and validate immediately that they will still work with the ecosystem, everyone moves faster. Social media and Dogecoin supporters welcomed this good news with a more positive outlook on the future of cryptocurrency. Other items in the update include some translation corrections, fixes to documentation, and increased block download timeouts. “This default setting can be overridden with the -mempoolexpiry parameter by individual node operators to a value (expressed in hours) that makes the most sense for the use cases the node serves,” the update stated. The update also reduced the time it takes for transactions to get cached in the mempool, from 336 hours down to just 24 hours. The checks are still performed when a block is received and during rescans of the blockchain that is stored locally. This means the nodes can upload blocks at a much faster rate by removing “integrity checks” that were always performed when a block is sent from one node to another. In its first update since 2019, the key improvement introduced is synchronization speed. ![]()
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