Dogecoin (DOGE) dev shares update on recent activity surge on network DOGE $DOGE DogeFam Dogecoinrise DogecoinToThemoon
According to him, several Dogecoin blocks are nearing full capacity, which he says is due to the"spam associated with the DRC20 token minting frenzy."
and they give you back a token on the ETH network representing Dogecoin, which you should be able to redeem at any time for on-chain real Dogecoin.…He explains in another tweet the implications of such a state for the Dogecoin network:"Fees go up, transactions with lower fees are slowed down, and the mempool grows."
Dogecoin reached new highs in daily transactions this week due to the newly created standard — DRC-20 — which allows for the creation of meme coins on the Dogecoin network.According to Mishaboar, the new DRC20"tokens" are just Dogecoin network transactions with extra data attached to them that are supposed to simulate the creation of tokens.
, a Dogecoin developer, notes in recent tweets that there is"actual abuse at scale happening on the network."
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