Dogechain Scales Dogecoin Network with DRC-20 Bridge
When Dogechain first launched, it proposed to bring a smart contract to Dogecoin, thereby providing new Web3 utilities that didn’t exist for DOGE before the Dogechain launch.
Dogecoin network has always been faster and cheaper than other blockchain.
Moving forward, the introduction of DRC-20 tokens, or Doginals, has created a network downtime recently, making Dogechain take up a newly added proposition, scaling the Dogecoin network.
Dogechain is now the solution to the clogging of the PoW network with slow transaction times and high gas fees.
Still, there is no need to radically hate the Ordinals. They increase network security.
Example: For every dollar spent on gas fees for Ordinals transactions, that is a dollar spent on the security of the Dogecoin network.
Why Does Doginals Cause Dogecoin Network Congestion?
Ordinals should be like coins and NFTs, but unfortunately, these tokens have been noticed to take up more space and lessen the effectiveness of the blockchain networks they are minted and transacted on. Why?
Many creators keep launching Doginals and each time people try to mint them because they are inscriptions, they take up more space.
Every inscription requires UTXL to be successfully minted. So, if you are minting like 20,000 ordinals, that is a lot of UTXL and that is an issue.
Unfortunately, there is a high demand for Doginals because they bring value to Dogecoin lovers and are built on the Dogecoin chain.
N/B:
The creator of BRC-20 tokens, the first-ever ordinals to exist, has come up with a new protocol called Ruins which will launch after the halving.
This protocol will help to store several ordinal mints into 1 UTXL and hopefully, that would be the solution that would reduce the strain on the chain itself and make a successful project.
But before that can be implemented and Doginals developers can successfully implement the structure, there is a dire need for Dogecoin scalability as soon as possible and Dogechain is bringing the solution.
The good news is that some Dogecoin Foundational members are open to figuring it out along with the Dogechain team.
Dogechain will outscale the current situation for Dogecoin native blockchain.
At the moment, little can be done about minting Doginals on the Dogecoin network. However, what can be done is introducing a sidechain where Doginals can be sent to and transacted on.
The DRC-20 token bridge the Dogechain team is working on will act as a sidechain. It takes away transactions from Dogecoin to the sidechain so that users can perform as many Doginal transactions as they like on Dogechain.
Dogechain is highly scalable, super fast, and has very low gas fees.
Doginal creators and owners can:
- Earn royalties.
- Access DeFi with their DRC-20 tokens unlike they’d ever have on the Dogecoin network.
- Staking pools.
- DeFi lending of their Doginals.
- Benefit from arbitrage, and other liquidity options with their Doginals.
- And a bunch of stuff you can’t do on the Dogecoin network.
Wen Bridge?
There is no ETA yet.
The bridge is currently being worked on to make it full-proof and fast both ways so Doginals can go in and out of Dogechain EVM, fast and securely.
The team has been in communication with the Devs and currently, they have found 2 breakthroughs and hopefully both or one works.
Technically, Doginals bridging is not as easy as bridging DOGE. It is a lot more complex and requires more technical work for something solid and safe.
With bridging DOGE, DOGE goes into cold storage, where it is put aside, and the smart contract on Dogechain mints WDOGE.
On the other hand, DRC-20 tokens are inscribed in each smallest unit of DOGE (shibe) on the Dogecoin PoW chain and we need that exact index for that exact DOGE (shibe) so it can be stored when bridging in and then mint the DRC-20 token on Dogechain.
This is the main difficulty — the indexing of the ordinals.
The developers are working on parallel indexing which could take 2 to 3 weeks. If that doesn’t work, it could take up to 6 weeks to figure it all out.
This has to be done right so it can’t be rushed.
Other Considerations for Dogecoin Scaling
In the Dogechain Roundtable #76 Spaces, the Dogechain team, especially Roc Zacharias, discussed some other possible ways that Dogechain could handle Doginals.
It was mostly speculative, but posed a good question of “what if?”
- A bulk mint of Doginals on the Doge native chain.
The creators mint them originally on the Dogecoin network as a bulk mint to minimize the footprint on the blockchain and bridge them over to Dogechain in one transaction.
After which, a secondary minting on Dogechain follows where individuals can now buy and mint these Doginals.
This would help in reducing Doginals’ footprints on the Dogecoin chain.
2. The use of Bit BDM structure/protocol.
This is not in use yet, and neither is it commercially ready. It is in research and is being experimented on by super testnets and other devs including Dogechain.
The structure aims to use a type of Optimistic Rollup to Bitcoin. This can be adopted for DOGE and called DOGE BDM.
The concept is that you can have Optimistic Rollups on top of Bitcoin (or in this case, Dogecoin) and you can use those to bridge assets or to create sidechains.
In the new infrastructure of Dogechain, as a Polygon CDK-based chain, which would have trustless bridges between Dogechain and ETH and all ETH L2s, and all Polygon chains, etc, you can have the trustless site and once the BDM is more developed, it can be adopted.
This would enable the devs to plug DOGE and Doginals out from the original bridge and plug it into the BDM version which would be more trustless and decentralized.
This is a cool technology worth exploring.
We look forward to having the DRC-20 Bridge soon.
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