Getting Acquainted with Dogechain: the Chain of Memes & Dreams
Dogechain is taking Dogecoin (DOGE) to the next level by introducing smart contracts, dApps, and a suite of innovative features specifically designed for DOGE users.
Well often referred to as the Chain of Memes and Dreams, Dogechain is a platform where Dogecoin can be a utility for gas fees, unlocking the potential for DeFi, NFTs, games, and more.
What is Dogechain?
Dogechain is a Proof-of-Work, Ethereum Virtual Machine (EVM) compatible L1 blockchain that aims to expand Dogecoin’s utility beyond being a meme cryptocurrency. It allows users to take part in the decentralized finance (DeFi) ecosystem, trade and mint NFTs, and join blockchain-based games.
With the use of smart contracts, Dogecoin is now positioned to tap into the growing world of Web3.
With $DOGE as the native gas fee, users can pay for transactions at an average cost of 0.02 DOGE, making Dogechain one of the cheapest yet fastest blockchain platforms available.
Dogechain also works via a Proof of Stake (PoS) consensus mechanism, which ensures super-fast finality for transactions.
Why Dogechain?
Dogechain provides $DOGE holders a way to use their tokens in a more dynamic/interactive manner. So, rather than just holding or trading DOGE, you can now participate in:
- DeFi
Via Dogechain, you have ease of access to decentralized exchanges (DEX), lending protocols, and more.
2. NFTs
Anyone interested is allowed to buy, sell, or mint non-fungible tokens directly on the Dogechain network.
3. Games
You can play blockchain-based games that reward players with DOGE or other tokens.
Meme lovers, developers, and DOGE enthusiasts come together to build new dApps, participate in governance, and likewise contribute to the overall growth of the network.
Ways to Use Dogechain
Using the DOGE to Dogechain Bridge is the first step for any user who is looking to interact with Dogechain.
This Bridge allows your $DOGE to be transferred to the Dogechain network, where it can be used in decentralized apps.
Once your $DOGE is bridged, you can tap into the Dogechain network based on Proof-of-Stake. The chain boasts hundreds of active dApps, including decentralized exchanges, NFT marketplaces, and games.
Dogechain also enables the bridge of Doginals, ordinals on the Dogecoin network to its blockchain through the Pawport DRC20 Bridge. This allows you to interact and access opportunities for easier trading and more utility for #DOGE inscriptions.
As part of its ongoing development, Dogechain is introducing zkEVM tech in its testnet phase. This would make Dogecoin even more compatible with the broader global blockchain ecosystem and also enhance its potential.
Dogechain Token ($DC)
Dogechain wields a native token that is an integral aspect of its ecosystem. $DC enables holders to participate in governance to make decisions about the next moves, through Dogegress.
The token can be staked to support the network’s security and earn some rewards via vote-escrow staking, which confers more governance power to long-term supporters.
Dogechain thrives on the vibrant and passionate community it has been building since forever, with an average of 20k people tuning in to their Friday Spaces on Twitter. And a lot more join every once in a while for hackathons.
Follow the Dogechain network across all its social media channels to always stay updated.
Website Twitter Telegram Discord Blog Reddit Linktree Docs
Like and follow my Medium page to be alerted on new article uploads.
