Dogecoin (CRYPTO: DOGE) is to launch a new version of its blockchain tool, Libdogecoin, according to Michi Lumina core engineer in the meme crypt.
The updated version 0.1.2 will bring improved features such as mnemonic/seedphrase generation, QR code generation and better support for Microsoft Visual C++ and Visual Studio, Michin said.
libdogecoin 0.1.2 soon with easy to integrate mnemonic/seedphrase generation and QR code generation, also better MSVC/MSVS support.
RD end user build sprint starting tomorrow.
Haven’t said much here lately because there are still a lot of people who are angry as a pastime.
— Michi Lumin (@michilumin) 1 February 2023
The Dogecoin Foundation aims to make it easier for developers to integrate products with the DOGE ecosystem through the use of Libdogecoin.
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The foundation believes that this implementation will lead to greater innovation in the community. With Elon Muskhis latest moves towards crypto payments on Twitter, there is growing interest in Dogecoin, which is currently valued at $0.09248, up 31% YTD.
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Can Dogecoin Reach $1 in 2023?
While the cryptocurrency experienced a decline in 2022, the start of the year has seen a positive upswing in the industry.
Observing Dogecoin’s past market reactions, it is not out of the question for the coin to experience another rally, especially with the continued influence of Musk, who is known as the “Dogefather”.
But for Dogecoin to reach $1, it will need more than just Musk’s influence, as the coin’s integration with Twitter and an upgrade of its technology could also play a big role.
The transition to a proof-of-stake blockchain could push Dogecoin beyond its current status and attract a massive influx of retail investors.
However, any potential upgrade remains a controversial topic in the Dogecoin community.
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