The upgrade is also set to increase freedom for miners where wallet and node operators will now be able to agree on fees. The average transaction fee currently stands at 2.62 DOGE($0.714) according to data on BitInfoCharts. The upgrade has most notably prepared the Dogecoin network for future fee reductions which will see the default fee requirement for transaction relay significantly slashed to 0.01 DOGE. Although it is not a major upgrade the 1.14.4 node release has included various bug fixes and performance improvements and is largely seen as laying out a path for the major 1.12 upgrade whose release date is yet to be announced. Fee reduction and performance improvementsĪccording to the official announcement on the release in late August, the Dogecoin 1.14.4 node is one out of two minor versions releases, the other being 1.14.5. This upgrade is a major leap forward for the giant coin given that in June, Elon had supported a proposal to reduce the average fees for standard transactions on the Dogecoin chain which entails splitting full control over all aspects of fees between miners and node operators, relying less on core development and bringing back a functional (small) free transaction space that incentivizes on keeping the network healthy. Once a higher percentage of new nodes are running, a new update will be released which will help secure the network & lower the transaction fees. However, according to the dogecoiner, more nodes are needed to upgrade to 1.14.4. ![]() In the weekend tweet, one crypto enthusiast referred to as the ‘Doge Whisperer’ took some time to update the doge community on the recent developments behind the most popular meme coin, disclosing that 205 computers were already running the newest update, in reference to Dogecoin Core 1.14.4. ![]() Elon Musk on Monday highlighted efforts put forth by the developer community scaling up Dogecoin’s technology in response to a community member’s tweet, terming it as “important.”
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