Popular Dogecoin (DOGE) Wallet To Shut Down Services Next Month
Release: 2024/05/03 23:34 Reading: 730
Dogecoin Wallet to Cease Operations
A popular wallet for the meme cryptocurrency Dogecoin (DOGE) is scheduled to shut down.
In a recent announcement on the social media platform X, Mishaboar, a Dogecoin developer, urged investors to withdraw their DOGE from the Dogechain wallet before its closure on June 1st. Additionally, users are advised to secure a copy of their wallet's private keys.
"Make sure to move your DOGE out of //dogechain.info (only use the .info domain!) before June 1st. Keeping a copy of Dogechain's wallets' private keys is also important – in case you still have the addresses in use somewhere, this will allow you to recover funds you might inadvertently send or receive there in the future."
Dogechain, an Ethereum Virtual Machine (EVM) blockchain powered by Polygon (MATIC), was designed to bridge the Dogecoin ecosystem with the world of Web3.
Employing a proof-of-stake (POS) consensus mechanism, Dogechain facilitates faster and more cost-effective transactions, enhancing the accessibility of non-fungible tokens (NFTs), blockchain-based video games, and decentralized finance (DeFi) services for DOGE holders.
At the time of writing, Dogecoin is trading at $0.132, marking a 10.86% surge over the past 24 hours. On March 28th, DOGE was valued at $0.219.
Source: https://thebittimes.com/popular-dogecoin-doge-wallet-to-shut-down-services-next-month-tbt87367.html
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