- The DRC-20 protocol engraves parts of digital artifacts onto “Which color”.
- “Which color” It is an exact copy of Dogecoin “Satoshi” A particle of BRC-20.
- Dogecoin is rising in trading activity, but the daily charts remain bearish.
NFTs listed on Dogecoin (DOGE) It became a reality with the recent release of the DRC-20 protocol. As the name suggests, the technical setup simulates the BRC-20, Bitcoin Ordinals order NFT The protocol that was a huge hit in the NFT community earlier this year.
Likes ordinal villains or Bitcoin mushroomThese engravings are usually used as some digital artifacts. Engraved on Dogecoin, this Dogeinals NFTIt significantly increased transaction activity, recording more than 650,000 transactions.
However, this was not reflected in the price of the top dog coin. Dogecoin Turns hands At $0.071919, down 0.9% in the last 24 hours. The popular canine cryptocurrency has been trading in a gradual consolidation process over the past two weeks, losing 7.9% of its market value.
DOGE’s army split into two camps
the term “Doginals” Coined by Cheems, A.J Solana based memecoin which already developed the DRC-20 NFT protocol under excution. However, many DOGE Army veterans on Twitter are angry at the “shitcoin” Transactions flooding the Proof of Work (PoW) network.
While NFTs on the largest self-sustaining PoW blockchain of memecoin may seem innovative and useful, many cryptocurrency enthusiasts on Twitter are wondering.
For example, veterans of the US Army Uncle Chad raises the question: “Why is this happening and why are we allowing this to happen?” While many other members of the DOGE army see the deal hike as a “stress test”.
Furthermore it , Dogecoin (DOGE) Primary developer Patrick Lauder called the owners $DOGEWOW “morons” And even labeled everything Dogeinals based Coins “tricks”. Anyway, this is just one of the many tokens that were newly minted on the network with the help of the DRC-20 protocol.
on the flip side
- Several members of the Dogecoin Foundation are protesting the DRC-20 protocol.
- The opposing side argues that DRC-20 has no value and is causing the blockchain to convulse.
Why should you bother
Doogecoin (DOGE) the flagship of memecoin is the second largest proof-of-work (PoW) blockchain.
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