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Dogecoin Foundation has re-organized into 2.0. Its advisory board included not only Elon Musk’s representative Jared Birchall but also Ethereum co-founder Vitalik Buterin. Its headquarters will relocate to Liechtenstein.
Dogecoin was introduced in 2013 solely for meme purposes. People own Dogecoin only because it is fun. Now, Dogecoin wants to rebrand into people’s money.
Dogecoin evolves from the meme phase to get real phase.
Here are some hypothetical futures that Dogecoin will evolve and become:
Doge payment system
Difficulty: ??????
To the moon: ????
Time needs to accomplish: 1~2 yrs
Elon Musk supports this idea, and he intends to accept Dogecoin as a payment method to pay off his rocket missions to the moon, which is also to meme about Dogecoin price to $1.
A coin needs to be transacted as fast and with as low fees as possible to become a payment. With improvements in blockchain technology, Dogecoin can quickly achieve the goal.
Doge voting system
Difficulty: ??????
To the moon: ??????
Time needs to accomplish: 3~5 yrs
The Dogecoin as a governance token that is possible to vote for social improvement may be a solution to become a people’s coin.
Dogecoin can be a funding source to help any projects that can benefit everyone. It can be a donation payment method with value and a voting right to help specific tasks pass with payment to start.
For example, Dogecoin can fund a movie project that promotes social issues awareness or even healthcare products that may help cure cancer?!
Doge-Ether hybrid
Difficulty: ????????
To the moon: ????????
Time needs to accomplish: 3~5 yrs
Dogecoin can leapfrog by referring to Ethereum progress. First, it can create layer 2 solutions to scale up along with its tokens. Then, it was pushed further to layer 3 of Dapps and its own meme NFTs.
However, Ethereum is already competitive. Therefore, it may be challenging to gain monuments that compete with Ethereum.
Doge the stablecoin = $1
Difficulty: ????????
To the moon: ????????
Time needs to accomplish: 3~5 yrs
Dogecoin can become its stablecoin with its reserve bank to issue and control coin supply. The benefit to becoming a stablecoin is that Dogecoin can provide financial support and become an indeed $1 worth digital currency.
The downside is that future regulations may impact Dogecoin growth.
Quantum resistance coin
Difficulty: ??????????
To the moon: ??????????
Time needs to accomplish:10~15 yrs
To become a quantum-resistant digital asset, it may require breakthrough technology and long-term investments to develop. Although it is possible to integrate a quantum-resistant LEDGER into Dogecoin, the technology is still growing at the research phase.
Since one possible future for a quantum computer is to break cryptography technology, every crypto may be threatened by such technological progress.
Dogecoin May develop a quantum-resistant technology that uses parallel computing while avoiding an attack from quantum computers.
It is all hypothetical at the moment, but it is possible and probable.
In conclusion
Dogecoin has evolved and continues evolving to become a better version of itself. The meme culture will continue to support its development, and it has an ever bright future to continue its legendary journey.
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-------------------------------------------------------------------------------------Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational
