Dogecoin's DOGE\/USDnetwork activity hit an all-time high earlier this week, with a tenfold surge in daily transactions.<\/p>\n
The cryptocurrency, considered the first \"meme coin,\" briefly surpassed both Bitcoin BTC\/USD and Litecoin LTC\/USD.<\/p>\n
On Sunday, over 645,000 transactions were registered on the network a significant increase from Dogecoin's usual average of about 20,000 daily transactions.<\/p>\n
See Also:Crypto Holders Show Resilience As Wallets With At Least One Bitcoin Surpasses 1M<\/p>\n
Supporters say this bolsters Dogecoin utilization and opens the door to potential decentralized finance (DeFi) services that could be built using blockchain technology.<\/p>\n
Critics argue that the introduction of DRC-20 could lead to network congestion, diverging from Dogecoin's original goal of becoming an everyday currency. High fees and network congestion are significant issues for any blockchain, they say.<\/p>\n
These factors could potentially make the network more expensive and slower for regular users, thus potentially hindering cryptocurrency adoption.<\/p>\n
Next:SEC To Target Coinbase In Regulatory Action<\/p>\n
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Read more: Dogecoin's DOGE\/USDnetwork activity hit an all-time high earlier this week, with a tenfold surge in daily transactions. The cryptocurrency, considered the first \"meme coin,\" briefly surpassed both Bitcoin BTC\/USD and Litecoin LTC\/USD. On Sunday, over 645,000 transactions were registered on the network a significant increase from Dogecoin's usual average of about 20,000 daily transactions Continue reading
\nDogecoin Mania Fuels Surge In Transactions, Outpacing Bitcoin ... - Benzinga<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"