Planning for Better Breed of DOGE: Dogecoin Foundation Lays Out First-Ever Road Map

It’s the first-ever road map released by the foundation in its eight-year history and explores eight new projects, including the launch of LibDogecoin and GigaWallet.

Dec 24, 2021 at 3:59 p.m. UTC
Updated Dec 27, 2021 at 8:43 p.m. UTC

The Dogecoin Foundation, a nonprofit organization that aims to support the development of the meme coin through advocacy, has launched its first-ever road map detailing a number of new projects.

  • The foundation announced a dogecoin “trail map” that features eight projects, including the launch of LibDogecoin and GigaWallet.
  • This is the first such road map released by the foundation in its eight-year history.
  • In August, the foundation signed the Dogecoin Manifesto, which explained the goal of DOGE and allowed the fans of the Shiba Inu-inspired cryptocurrency to also sign the manifesto capturing feedback and what the community wanted from the project.
  • The Dogecoin Foundation, boasts some well-known board members and advisers, including Ethereum co-founder Vitalik Buterin.
  • In its road map, the foundation said it is working with Buterin on “crafting a uniquely Doge proposal for a ‘community staking’ version of proof-of-stake (PoS) that will allow everyone, not just the big players to participate in a way that rewards them for their contribution to running the network.”
  • The foundation goes on to say it has “some influential friends” on its side and a growing group of people who are getting ready to contribute development time to these open-source projects.
  • In February, Elon Musk suggested in a tweet that dogecoin might be “the future currency of earth.” Musk’s involvement in the DOGE token tribe has helped send the cryptocurrency “mooooning” (his word), along with other alternative cryptocurrencies.
  • DOGE started as a joke in 2013, and is now the 12th most valuable cryptocurrency by market value, according to CoinMarketCap.
  • In July, dogecoin founder Jackson Palmer said that he would not be returning to cryptocurrency as it is “is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.”
  • On Friday, DOGE was trading at $0.186232, up more than 5% over the last 24 hours.

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Tanzeel Akhtar is a CoinDesk news reporter based in the UK.