Dogechain, Home of Dogecoin, Set to Close Wallet Services in Coming Month
Dogecoin’s Dogechain, a prominent layer-2 scaling solution, is set to close its wallet services next month. As announced by Mishaboar, one of Dogecoin’s developers.
Investors are advised to transfer their DOGE out of the Dogechain wallet before June 1st and retain a copy of their wallet’s private keys for future recovery of funds. Dogechain, powered by Polygon (MATIC) technology. Facilitates faster and cheaper transactions through a proof-of-stake (POS) consensus mechanism. Enhancing accessibility to NFTs, blockchain games, and DeFi services for Dogecoin holders.
As of now, Dogecoin is trading at $0.132, showing a 10.86% increase in the last 24 hours compared to its value of $0.219 on March 28th.
Clever Robot News Desk 5th May 2024
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