News The Ethereum-Dogecoin Transactional Bridge Protocol is Coming Soon

The Ethereum-Dogecoin Transactional Bridge Protocol is Coming Soon

-

- Advertisment -

Dogecoin’s much-awaited bridge to the Ethereum blockchain will soon be released following a 13-month long development period, according to the Medium blog. The update will make moving DOGE to the Ethereum network possible and in a seamless manner.

ETH-DOGE Join Hands

Taking inspiration from Ismael Bejarano and Oscar Guindzberg’s innovative Superblocks protocol, which merges transactional hashes from a Merkle tree into a single block, the update cuts down on unnecessary storage costs by working on a range of blocks instead of storing individual headers.

Interested developers can access the open-source user guide for Dogethereum on Github; however, Guindzberg notes a few features remain missing and could show up as bugs on test frames. The developer also cautions developers from using coins they hold sentimental value in, saying “use the bridge with coins you are open to losing [sic].”

A live demo of the bridge will be live-streamed Sept. 5, at 17H G.M.T by the Dogetheruem team.

The Dogecoin Mystery

Meanwhile, the Dogethereum protocol continues to be shrouded in mystery. Earlier in 2018, Bejarano and Guindzberg announced they would hard fork Dogecoin and create the DOGX token; however, a code review indicates the Dogecoin-Ethereum bridge is wholly unrelated to that project.

At the time, members of the Dogecoin community called out the possible overlap in Dogethereum:

“There is an ERC20 token going by the name ‘DOGX’ and calling itself Dogethereum. That project has no association with dogecoin or this dogethereum project. Especially important is that there is no fork of the dogecoin blockchain. Someone made a new ETH token and called it Dogethereum.”

A Reddit user in the same thread replied that DOGX was not an ERC20 token and unrelated to the Doge-Ethereum bridge project. Instead, the former was a mere copy-cat of the Ethereum blockchain to Dogethereum.

Furthermore, TrueBit, a scalable protocol for blockchains, launched a native “penetrable public art space,” called the Dogethereum Bridge Art Project, and is said to be launching its own version of the protocol. The project attempts to be a “physical representation” of Dogethereum, with contest winner Jessica Angel adding she was inspired by the Mobius Bridge in England.

The aforementioned artwork is a collaborative effort between Truebit and Bajerano’s company CoinFabrik, indicating the two rumoredly different projects indeed have operational similarities.

Cover Photo by Philippe Bourhis on Unsplash

Source

[ad_1]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued at anything or just a few cents anyone could join...

My 5 favorite free crypto tools & sites I use daily

So I often get asked by friends, or people visiting my site about new tips for exciting...

Cryptocurrency is The Last Kingdom Where You Can Keep Your Data Private

Data privacy has been a hot topic for quite some time now and particularly after the popularity...

How To Travel With Bitcoin: 9 Travel Companies Accepting Bitcoin

Bitcoin travel is a reality, as several travel companies now accept payments in cryptocurrencies for their services.
- Advertisement -The Ethereum-Dogecoin Transactional Bridge Protocol is Coming Soon

Top 5 Ways To Build a Profitable Business in The Crypto Sector

The crypto industry has grown significantly despite criticism and a skeptical approach from regulators across the globe....

These 8 Cryptocurrencies Will Survive the Next Decade

Cryptocurrency is the future, we all have reasons to believe it. But are people ready...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you