Meme-inspired cryptocurrency Dogecoin sees surging interest and value as technical developers are brought on to upgrade company software.
The marketcap of Dogecoin is now over $9 billion, sitting at $0.07 per coin. Technical maintainer Ross Nicoll is now working with other technical developers to update Dogecoin software and processes, which haven’t been touched since June 2019.
Elon Musk has had a hand in the advancement of Dogecoin’s marketcap, tweeting out yesterday that he had purchased Dogecoin for his son. Musk would also discuss Dogecoin with famous rapper Kanye West on audio-only app Clubhouse on Wednesday.
The project is open source on GitHub and has recently been attracting more talent in part due to the success of the cryptocurrency in relation to Bitcoin.
Dogecoin was originally created as a joke in regards to popular cryptocurrency Bitcoin.
Dogecoin does offer some advantages to Bitcoin, including larger block size and shorter decryption times.
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