The new Dogecoin update reduces the transaction fee and solves security issues.
Dogecoin has dropped today after a surge due to its new update called the Core 1.14.5 going live. This update aims to reduce transaction fees and solve some security problems.
It went live on Monday.
The fee now is set at 0.01 DOGE per KB (Kilobyte) in the core wallet. And, the security issues of Remote Code Execution in Dogecoin QT (CVE-2021-3401) and Sensitive Information Exposure on Unix platforms (CVE-2019-15947) have been resolved.
The world’s richest man and long-term proponent of the memecoin, Elon Musk also hailed the update.
Upon the release, the price of DOGE went as high as $0.29 on Binance, up more than 10%, as per TradingView. But, at the time of writing, DOGE was trading at 0.27.
The day also saw Bitcoin touching its new All-Time High of $68537.85 on Binance, as per TradingView. So, the market is bullish and more positive price action can be seen from altcoins.
News recommendation: Zimbabwe Is In Discussion To Adopt Crypto As Legal Tender