Dogechain DC Price $ 0.000637

Dogechain is an EVM-compatible blockchain that aims to complement the original Dogecoin cryptocurrency. As a proof-of-stake blockchain, Dogechain seeks to bring scalability, security, robustness, and utility to Dogecoin. In short, Dogechain doesn’t compete with Dogecoin. Instead, it aims to harmonize with the original meme crypto and enhance it with smart contract capability. The main goal of Dogechain is to increase the use cases of Dogecoin by providing it with much-needed utility. Examples of potential use cases include:

• Participating in the NFT market through minting and exchanging NFTs by paying for gas with DOGE.
• Partaking in lucrative GameFi opportunities and engaging with the growing blockchain gaming community.
• Joining decentralized exchanges to swap tokens and speculate on their value.
• Accessing advanced financial instruments such as staking, lending, borrowing, and liquidity mining.
• Taking part in the upcoming metaverse revolution through Dogechain-powered NFTs.
• Participating in DAOs and funding entire communities.

Main Features of Dogechain:

• IBFT Proof-of-Stake (PoS) consensus: Community users can participate in the network which ensures a permissionless and decentralized blockchain.
• EVM-compatible: Existing Ethereum smart contracts can easily be migrated to Dogechain without requiring any further modification
• Decentralized Governance: Community members (token holders) can make proposals, delegate, vote on the blockchain parameters & events, and influence governance decisions
• Cross-chain compatibility: Dogecoin can be easily utilized on the Dogechain network by wrapping the Dogecoin via the Dogechain bridge, and sent back to the Dogecoin network as needed.