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New Dogecoin Core Update Goes Live: What You Need To Know

Published 21/07/2022, 03:21
© Reuters New Dogecoin Core Update Goes Live: What You Need To Know
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The new Dogecoin (CRYPTO: DOGE) Core1.14.6 update includes security and efficiency upgrades to the underlying blockchain.

What Happened: Dogecoin developers released the blockchain update late on Wednesday and urged all network participants to upgrade to the latest version.

The update fixes multiple security-related issues, makes changes to the existing fee structure, and incorporates several new features.

See Also: How To Buy Dogecoin (DOGE)

Some of the “breaking changes” include changes to the configuration of a wallet backup directory and a limit on the maximum number of addnode records. The maximum number of addnode records has been limited to 800.

The release also contains an important upgrade to DOGE’s fee mechanism — changing the recommended dust limit for all network participants from 1 DOGE to 0.01 DOGE.

New features include improving stuck transaction detection, pruning configuration to UI and managing the number of connections without a restart.

“All Dogecoin Core users - miners, services, relay operators and wallet users - are strongly recommended to upgrade,” said Dogecoin Core developer Patrick Lodder in a Github document.

Earlier today, DOGE’s price briefly surged after Tesla Inc (NASDAQ: TSLA) CEO Elon Musk revealed that the company had not sold any DOGE despite selling 75% of its Bitcoin (CRYPTO: BTC) holdings.

Price Action: According to data from Benzinga Pro, DOGE was trading at $0.069, up just 0.84% over 24 hours.

Read Next: Bitcoin, Ethereum Flat, Dogecoin Among Top Gainers: Why This Analyst Says Tesla's Apex Coin Sale Implies Crypto Bottom Is Close

Photo by mk1one on Shutterstock

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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