Dogecoin Foundation has released a new update, libdogecoin, according to an announcement by its core developer, Michi Lumin, on August 5.
What is libdogecoin?
The libdogecoin is an update that enables lightweight direct integration of Dogecoin into a variety of platforms.
While this function is remotely new, what makes it unique is that it is designed to work without the need for users to have in-depth knowledge of blockchain technology.
It means users without the technical and nuanced knowledge of crypto protocols can easily create a Dogecoin-compliant product
The product is designed to operate in a variety of languages.
According to its developers, the newly unveiled Libdogecoin v 0.1 is simply a pure library, that lacks the ability to operate a node.
LibDogecoin Plays a Central Role for Dogecoin
Meanwhile, it is important to note that the completion of libdodgecoin is key to the Dogecoin group for another reason: it is central to its future products.
The product will serve as the foundation and building block for other larger projects like RadioDoge and Gigawallet
Together, these projects represent the vehicle through which the film aims to achieve its long-term goal to become a popularly accepted medium, including its mission to be the de facto medium for exchanging goods and services globally.
Dogecoin’s Price Performance
Dogecoin is the number one meme coin with the largest market cap in the industry. Its market cap is over $9 billion.
The meme token gained worldwide recognition when it rallied to an all-time high of $0.7 in May 2021.
The token’s popularity also birthed other imitators like Shiba Inu and others.
However, despite the increased competition, Dogecoin remains a choice asset for investors.
As of press time, DOGE has risen by over 3% in the last 24 hours. The token alongside the wider crypto market is staging a recovery from the lows of the recent market crash that led to the loss of millions for investors.