Dogecoin developers have rolled out a major update to the blockchain’s with the release of Libdogecoin v0.1.4. This upgrade, which was announced through the Dogecoin Developers’ official channels on X and detailed on GitHub, introduces several new features to the Dogecoin blockchain including secure enclave integration, performance improvements, and expanded support for cryptographic tools like YubiKey. The timing of this release is notable, coming as DOGE’s price action continues to falter, with the meme coin steadily losing ground over the past two months.
What’s New In Libdogecoin v0.1.4
Dogecoin has grown quite a lot from its early days as a joke by its creators Jackson Palmer and Billy Markus. These creators created the cryptocurrency as a lighthearted response to the volatility of other cryptocurrencies like Bitcoin, becoming the first meme coin in the process.
Now, the Dogecoin blockchain is home to many developers contributing to its open source, as shown by its recent update to v0.1.4. The release log for v0.1.4 on GitHub spans dozens of technical contributions from multiple developers, most notably highlighting improvements in performance, cryptographic efficiency, and support for secure hardware modules.
Among the standout features are support for secure enclaves, the introduction of SPV (Simplified Payment Verification) pup features, and integration with YubiKey-based key management. The upgrade also includes native support for Intel assembly SHA algorithms and ChaCha20 encryption for speeding up the blockchain.
Key contributions include the implementation of an HTTP server, adjustments to chainwork positioning within block index structures, and improved REST endpoint functionalities. Additionally, developers have added features like the getTimestamp, getLastBlockInfo, and UTXO confirmations for better blockchain interaction, among many others. There are also updates to the underlying cryptographic libraries such as secp256k1, new guards for ARMv8 cryptographic extensions, and DragonFlyBSD support.
Dogecoin Devs Push Forward As Meme Coin Price Struggles
The contrast between Dogecoin’s development activity and its price stagnation raises questions about how much these upgrades will eventually be reflected in investor interest. Despite the technical momentum behind Libdogecoin, Dogecoin’s market performance has been under pressure since the beginning of the year. Over the past two months, the meme coin has failed to hold above several key support levels, retreating from highs above $0.22 to a current trading range below $0.16.
The fall is even more drastic, considering DOGE was at the brink of breaking above $0.5 again in December 2024 due to the intense buying pressure at the time. This buying pressure now feels non-existent, with trading volume very low. The lack of a strong bullish catalyst has weighed heavily on sentiment, a trend which is reflected in the wider crypto market.
At the time of writing, DOGE is trading at $0.1632 and is steadily approaching the $0.17 price level again, where it could break out or face another rejection like it did earlier in the week. Analysts have identified $0.1520 as the next major support level, and a breakdown below that could open the door to further declines toward the $0.13 zone.
Featured image from Unsplash, chart from Tradingview.com
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