<p>In the past three weeks, Dogecoin's price has increased by more than 40%, rising from $0.060 on July 26 to $0.087 on August 17. This rising trend is largely attributable to the release of <strong>Dogechain,</strong> a putative scaling solution for Dogecoin. So, what is Dogechain? How can Dogechain be integrated into user experience? Let’s find out on <a href="https://www.builder.news/" alt="Builder News" title="Builder News" target="_blank" rel="" class="">Builder.news</a>.</p><h2>What is Dogechain?</h2><p dir="ltr">Dogechain describes itself as a "<a href="https://www.builder.news/crypto-insights/layer-2-scaling-solutions" alt="Layer 2 scaling solutions - What you need to know" title="Layer 2 scaling solutions - What you need to know" target="_blank" rel="" class="">Layer 2</a> for Dogecoin" on its website. Dogechain is an EVM-compatible proof-of-stake blockchain and it promises to give Dogecoin scalability, security, resilience, and utility. So, Dogechain doesn't compete with Dogecoin. Instead, it looks to add smart contract features to the coin that started the whole trend. For $DOGE holders, it claims to provide many functions such as DeFi, NFT, DApp, and many other gaming use cases. The functionality that has been missing from the <a href="https://www.builder.news/crypto-insights/which-are-the-best-meme-coins-to-invest-in-8JUCQ" alt="Which are the best meme coins to invest in?" title="What is Meme coin? Which are the best meme coins to invest in?" target="_blank" rel="" class="">meme coin</a> since its creation will now be present.</p><h2>How do things work in Dogechain?</h2><p dir="ltr">As a layer 2 scaling solution, Dogechain is touted as enabling DeFi, NFTs, and gaming use cases. DogeChain, however, is not built on the Dogecoin network, but rather the Polygon Edge "private label" framework, which is compatible with Ethereum, according to its whitepaper.</p><p dir="ltr">It can also run Dapps made for Ethereum because it is compatible with the Ethereum Virtual Machine. This will take the risk and make an effort to find DOGE users and ecosystem supports.</p><p dir="ltr">The official cryptocurrency for the project is <strong>$DC</strong>, and users will shortly receive it via airdrop. Users can stake their $DC tokens once these tokens are issued and create a passive revenue stream. However, users can bridge their DOGE and get <strong>Wrapped Dogecoin (wDOGE)</strong> in return while waiting for that time.</p><p class="prosemirror-p-center"><img src="https://lh3.googleusercontent.com/q70pCVdiowZB6MQHfQn181VHCbB7vf6xfo-wDvS-WuML_UKImQtPplqmJyB6-oy8EjrzoqdLG1wD3hAZmzMmNXf_TigWt8l3ILHOFSh5dsbmghOp8Bhkhdgeg2HG0B7cU06jjgyVI-Xdo3aDCSvSKuE" alt="Dogechain features (Source: Dogechain Whitepaper)" title="Dogechain features (Source: Dogechain Whitepaper)" width="624" height="325"></p><h2>What are the benefits of holding $DC?</h2><p dir="ltr">Owners of $DC tokens in the community have access to exclusive "Hodlers Only" advantages and features, including membership in the closed Dogechain Alliance Club on Discord.</p><p dir="ltr">Due to token permissions, holders of $DC will also be eligible to compete for free tickets to the 2023 Dogechain Conference. The conference is a major appeal for ecosystem developers eager to network and exhibit their work.</p><p dir="ltr">Dogechain's main token, $DC tokens, enables users to take part in governance through proof of stake.</p><iframe width="550" height="400" src="data:text/html;charset=utf-8,%3Cblockquote%20class%3D%22twitter-tweet%22%3E%3Cp%20lang%3D%22en%22%20dir%3D%22ltr%22%3E%3Ca%20href%3D%22https%3A//twitter.com/hashtag/DCLaunch%3Fsrc%3Dhash%26amp%3Bref_src%3Dtwsrc%255Etfw%22%3E%23DCLaunch%3C/a%3E%20takeoff%21%20%uD83D%uDE80%20%3Cbr%3E%3Cbr%3EWe%26%2339%3Bre%20thrilled%20to%20announce%20the%20launch%20of%20our%20native%20%3Ca%20href%3D%22https%3A//twitter.com/search%3Fq%3D%2524DC%26amp%3Bsrc%3Dctag%26amp%3Bref_src%3Dtwsrc%255Etfw%22%3E%24DC%3C/a%3E%20token%20on%20%3Ca%20href%3D%22https%3A//twitter.com/hashtag/Dogechain%3Fsrc%3Dhash%26amp%3Bref_src%3Dtwsrc%255Etfw%22%3E%23Dogechain%3C/a%3E.%20%3Cbr%3E%3Cbr%3E%uD83D%uDD39%20Contract%20address%20-%200x7B4328c127B85369D9f82ca0503B000D09CF9180%20%3Ca%20href%3D%22https%3A//t.co/cyB9NC4Ngn%22%3Epic.twitter.com/cyB9NC4Ngn%3C/a%3E%3C/p%3E%26mdash%3B%20Dogechain%uD83D%uDC9C%20%28Giving%20away%20a%20Tesla%29%20%28@DogechainFamily%29%20%3Ca%20href%3D%22https%3A//twitter.com/DogechainFamily/status/1562644550673264640%3Fref_src%3Dtwsrc%255Etfw%22%3EAugust%2025%2C%202022%3C/a%3E%3C/blockquote%3E%0A%3Cscript%20async%20src%3D%22https%3A//platform.twitter.com/widgets.js%22%20charset%3D%22utf-8%22%3E%3C/script%3E%0A"></iframe><h2>How would $DOGE be used in Dogechain?</h2><p dir="ltr">Dogecoin's exchange capabilities are faultless. However, it offers no additional utility.</p><p dir="ltr">Yet, after bridging $DOGE on Dogechain, users can access an ecosystem of DeFi items, NFTs, and GameFi using their wDOGE. Users can trade, stake, and play with NFTs to boost their token balance. They can also use their wDOGE to participate in DeFi activities like lending, borrowing, and liquidity mining.</p><h3>Play, stake, and trade NFTs&nbsp;</h3><p dir="ltr">Users will be able to publish their own NFTs on Dogechain by using the ERC721 standard. Since this tried-and-true NFT standard is widely accepted by markets and metaverses, Dogechain NFT owners will be able to integrate their NFTs into the current NFT environment.</p><h3>Engage in DeFi activities</h3><p dir="ltr">DeFi-capable coins $wDOGE and $DC can be locked in different liquidity pools and offer rewards to their owners. DeFi protocols like Uniswap and SushiSwap can be smoothly integrated with Dogechain because it is an EVM-compatible blockchain.</p><p dir="ltr">The Polygon Edge architecture's Layer 2 solutions, including ZK Rollups and Optimistic Rollups, will also enable Dogechain to improve its existing DeFi transaction speeds and address privacy concerns.</p><h3>Participate in GameFi</h3><p dir="ltr">Developers will be able to create full virtual worlds and blockchain games using the Dogechain smart contract platform. Users will be able to participate in virtual game economies and transfer digital resources in their favorite metaverses thanks to the $wDOGE and $DC coins.</p><p dir="ltr">Despite all the applications and widely publicized capabilities, Dogechain is not an "official" Dogecoin project. The Dogecoin Foundation asserted that it is not connected to Dogechain, and neither are the coin's original inventors, Jackson Palmer and Billy Markus.</p><iframe width="550" height="400" src="data:text/html;charset=utf-8,%3Cblockquote%20class%3D%22twitter-tweet%22%3E%3Cp%20lang%3D%22en%22%20dir%3D%22ltr%22%3EDogechain%20is%20not%20linked%20with%20%3Ca%20href%3D%22https%3A//twitter.com/hashtag/Dogecoin%3Fsrc%3Dhash%26amp%3Bref_src%3Dtwsrc%255Etfw%22%3E%23Dogecoin%3C/a%3E%20in%20any%20way.%3Cbr%3E%3Cbr%3E%u27A1%uFE0F%20It%26%2339%3Bs%20another%20knockoff%20token.%3Cbr%3E%u27A1%uFE0F%20Avoid%20the%20influencers%20collaborating%20with%20them.%3Cbr%3E%u27A1%uFE0F%20Don%26%2339%3Bt%20risk%20your%20precious%20Doge.%3Cbr%3E%u27A1%uFE0F%20Share%20with%20other%20shibes.%3Cbr%3E%u27A1%uFE0F%20Do%20Only%20Good%20Everyday%21%20%3Ca%20href%3D%22https%3A//t.co/b3AE97oNeP%22%3Epic.twitter.com/b3AE97oNeP%3C/a%3E%3C/p%3E%26mdash%3B%20DogeDesigner%20%28@cb_doge%29%20%3Ca%20href%3D%22https%3A//twitter.com/cb_doge/status/1552309702297780224%3Fref_src%3Dtwsrc%255Etfw%22%3EJuly%2027%2C%202022%3C/a%3E%3C/blockquote%3E%0A%3Cscript%20async%20src%3D%22https%3A//platform.twitter.com/widgets.js%22%20charset%3D%22utf-8%22%3E%3C/script%3E%0A"></iframe><h2>How to add DogeChain Network to MetaMask?</h2><p dir="ltr">Start by performing these 2 easy actions.</p><ol><li><p dir="ltr">Visit the official <a href="https://bridge.dogechain.dog/bridge" alt="DogeChain bridge website." title="DogeChain bridge website." target="_blank" rel="nofollow" class=""><u>DogeChain bridge website.</u></a></p></li><li><p dir="ltr">Click on “Connect Wallet” to automatically add the DogeChain RPC to your MetaMask wallet.</p></li></ol><p dir="ltr">You will have the choice to connect your wallet on this page. When you click on it, a question about your preferred wallet for adding the bridge DogeChain network will appear. When you choose MetaMask, a popup window will appear in your MetaMask wallet asking you to connect to the site before displaying the key details of adding the DogeChain bridge.</p><p class="prosemirror-p-center"><img src="https://lh4.googleusercontent.com/8cCaDrDOr4DeJ05UQ8J1HDqQN8XrUsiqmzIN7nuiU-aMcsNAE1U5NQyIa5rCmlSKuK_EM-ivnxMBYFOplGUjjbzuoEoLXSF83VUub5rOD7o1hXy2NgWg1i1AuGu5A4xIw3rbFuRnA-C4KkaXi-0nKJE" alt="Connect wallet in Dogechain" title="Connect wallet in Dogechain" width="624" height="279"></p><h3>Dogechain Info</h3><p dir="ltr">The confirmed RPC information is as follows if you want to link your MetaMask directly to DogeChain:</p><ul><li><p dir="ltr">Network Name: DogeChain</p></li><li><p dir="ltr">‍Network URL: https://rpc01-sg.dogechain.dog</p></li><li><p dir="ltr">‍Chain ID: 2000</p></li><li><p dir="ltr">‍Currency Symbol: wDOGE</p></li><li><p dir="ltr">‍Block Explorer URL: https://explorer.dogechain.dog</p></li></ul><p class="prosemirror-p-center"><img src="https://lh4.googleusercontent.com/2D6SeTn80aXhyN3e0-gwPEKxP-qE2zzmJis-ArMG6QPWXWbjVpaNoll_0Ukv6M4oDi3j-lEQmH0KZE_jz9tN24G1M_n9K5ZXF1ObDoJ0VsAa1fbFobeY9t8e8Wcj5ftyJrsK11NFSMk5R0tQlRcxvj8" alt="Add dogechain network to your MetaMask" title="Add dogechain network to your MetaMask" width="624" height="328"></p><h3>How to send $DOGE to MetaMask</h3><p dir="ltr">You must send $DOGE directly to your MetaMask wallet address in order to bridge to DogeChain. Any deposit made in less than the required minimum of 100 DOGE will be forfeited.</p><p dir="ltr">To send $DOGE, follow the simple steps listed below:</p><ul><li><p dir="ltr">Connect DogeChain and MetaMask Wallet.</p></li></ul><ul><li><p dir="ltr">The Dogecoin deposit address to which you must transfer your tokens will be displayed after you click "Confirm."</p></li></ul><p class="prosemirror-p-center"><img src="https://lh4.googleusercontent.com/S5LpzPb5Xzgdci5tTFf7JsdssC2q8paV11_h6lZT816V3z6fJdSbyA3qlJ1OPQbYzIIURkNKTdwCHRcusuzdh0jn0hR0OrmzBH2xnWCQt1UabI4d0MVu4FdP12V_b7Fp55i7KZojsu-qDnU3V1CDIHA" alt="Send $DOGE to MetaMask" title="Send $DOGE to MetaMask" width="624" height="351"></p><ul><li><p dir="ltr">Send this wallet more than 100 DOGE by copying the deposit address.</p></li><li><p dir="ltr">Once the protocol has received six network confirmations, you will get the same amount you sent in $wDoge (Wrapped Doge) in your MetaMask Wallet.</p></li></ul><h4>Important notes:</h4><ul><li><p dir="ltr">Any other asset that is sent to the Dogecoin address besides $DOGE will result in a loss of money. Never use the bridge to deposit anything other than $DOGE.</p></li><li><p dir="ltr">For deposits to be considered genuine, the Dogecoin chain needs six block confirmations.</p></li><li><p dir="ltr">The smart contract will create the corresponding number of $wDOGE and transfer them to your Dogechain address after the platform's wallet has accepted your funds.</p></li><li><p dir="ltr">Make sure you are funding the bridge with at least 100.0 $DOGE. If you enter a lower quantity, the smart contract won't start the minting procedure and won't send you the required amount of $wDOGE.</p></li></ul><h2>Closing thought</h2><p dir="ltr">It can be said that Dogechain adds a new utility set and dimension for $DOGE and the DOGE community. It transforms DOGE into a token with a variety of uses.. The DOGE community is well-known for setting the pace in the meme currency industry, and Dogechain is another instance of how it has prescribed new courses for related projects.</p><p dir="ltr">The reputation DOGE and its community have established will be built upon by Dogechain. Additionally, it will try to expand past this and create an ecosystem strong enough to support its own growth and raise the value of DOGE and its own token, DC.</p><p dir="ltr">It's important to remember that Dogechain's technology is still in its infancy. Because of the potential for abnormalities in its fundamental protocols and algorithms, users are recommended to take additional caution.&nbsp;</p><h2>FAQs on Dogechain Network</h2><h3>Is Dogechain safe?</h3><p dir="ltr">Dogechain developers have incorporated a number of protocols and smart contracts at the blockchain level to thwart attacks from malevolent operators and penalize defaulters when practical.</p><p dir="ltr">Slashing was used to strengthen the security of the Dogechain by swiftly penalizing invalidators who fail to meet standards. Validators that attempt to validate multiple blocks at once or fail to validate a block will be penalized by the slicing contract. Thanks to this and other security measures, the blockchain operates safely.</p><p dir="ltr">But because they are still in their early stages of development, the majority of Dogechain's infrastructures run the risk of instability, catastrophic failure, and exploitation. Investors in DOGE should take the time to become familiar with the bridging process to avoid losing assets as a result of improper bridging.</p><h3>How can I withdraw from Dogechain?</h3><p dir="ltr"><strong>Step 1:</strong> Click the Withdraw button after navigating to your Wallet.</p><p dir="ltr"><strong>Step 2:</strong> In the "Withdraw from" option, pick the Dogecoin wallet. You can enter a new withdrawal address or select an existing one. (Note: If you withdraw to the wrong address, you risk losing all of your money).</p><p dir="ltr"><strong>Step 3:</strong> Enter the desired withdrawal in DOGE.</p><p dir="ltr"><strong>Step 4:</strong> Select Review Withdrawal from the menu. The confirmation screen will then be displayed to you.</p><p dir="ltr"><strong>Step 5:</strong> Click “Withdraw” To finish the withdrawal procedure.</p><p dir="ltr"><em>PLEASE NOTE: if you withdraw to the wrong address, you risk losing all of your money.</em></p><div class="pr-block-special"><strong>Disclaimer:</strong><br>This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.<br></div>

Amidst the current doom in the cryptocurrency market, the largest meme coin, Dogecoin (DOGE), has been sailing thanks to the excitement surrounding the recently built blockchain known as Dogechain.


Dogechain - An essential element in the DOGE ecosystem?