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Dogecoin (DOGE) Releases An Alpha 3 Update On its Source Code Targeting Service Providers

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Dogecoin (DOGE), also known as a parody coin, has recently released an alpha upgrade to its source code that will allow merchants and exchanges implement tests for the testnet environment as a way of performing small live money tests on the Dogecoin network. This development is set to prepare exchanges for an improved integration of Dogecoin into their protocols when the beta version comes out.

The announcement came about this week on Dogecoin’s tweeter account and will set a new path for doge coin’s Blockchain development especially given that the coin has been staying dormant for years since its creation.

Why Dogecoin has been under the radar of crypto enthusiasts

Frankly, Dogecoin was never intended to be like any of the other cryptocurrencies. Created by a programmer from Portland in a weekend Dogecoin was meant to be a silly cryptocurrency that resembled the ultimate coin for the cryptocurrency hobbyist.

The initial stages of the coin involved back and forth transactions on Reddit as the community that discovered the cryptocurrency enjoyed the fun of simply sending and receiving cryptocurrency. At the time the coin was nearly worthless even though the community grew unexpectedly over the years.

When Dogecoin finally hit a market capitalization of about $2 billion, it attracted millions of eyeballs such that the early team of developers decided to embark on the project. According to CoinMarketCap, Dogecoin is currently ranked among the top 50 cryptocurrencies and has a market capitalization of over half a billion. Just recently, word around the cryptocurrency and Blockchain space indicated that the core developers of the project had planned to fork Ethereum’s Blockchain. Although the rumors were dismissed by the Dogecoin team, plans were however unveiled to develop a Dogecoin Ethereum Bridge.

What the Dogecoin Ethereum Bridge is all About

Essentially, the Doge Ethereum Bridge is not to be confused with a fork on Ethereum’s Blockchain. The doge Ethereum Bridge is simply an update that establishes a back and forth link between Dogecoin and an eDoge ERC20 token developed on Ethereum’s Blockchain. This upgrade is set to allow Dogecoin to take advantages of Ethereum’s smart contracts. With this update, Dogecoin will have better security, efficient mine ability and immutability that combines the best of a blocked cryptocurrency and an Ethereum token.

In addition to the Dogecoin Ethereum Bridge, the Dogecoin core development team has been at work on a whitepaper and remains to be one of the most active teams of developers backed by a community of over 150,000 members if the Reddit community is anything to go by.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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