Dogecoin Developer Issues Scam Warning Amid New Token Surge
- Dogecoin developer Inevitable360 warned the crypto community about scams using the DOGE name to promote unrelated tokens.
- The Dogecoin Foundation released Libdogecoin v0.1.4, enhancing developer tools and security for smoother integration of DOGE into applications.
- 21Shares and House of Doge launched a Dogecoin ETP on Switzerlands SIX Swiss Exchange, expanding institutional access to DOGE.
A Dogecoin Foundation developer has issued a stark warning to the crypto community, highlighting a growing number of scams that seek to exploit Dogecoins popularity. As the memecoin sees renewed momentum through technical upgrades and institutional partnerships, opportunistic actors are attempting to ride the wave by promoting unrelated tokens under the DOGE brand.
In a recent post on X (formerly Twitter), Dogecoin core developer Inevitable360 cautioned users against falling for deceptive token promotions masquerading as Dogecoin-related projects. The developer stated that any crypto asset being marketed within the DOGE community outside of the original DOGE itself should be viewed as a potential scam.
Anyone promoting tokens in the DOGE community is likely pushing a scheme, Inevitable360 warned. If someone wants to help others or save dogs, they dont need a token no matter the excuse.
This cautionary message arrives as DOGE gains fresh attention in both the retail and institutional sectors. With its price climbing and its ecosystem expanding, malicious actors are seeking to capitalize on the hype by introducing lookalike tokens and misleading initiatives that prey on unsuspecting users.
Dogecoin Releases Libdogecoin v0.1.4
Amid warnings of scams, the official DOGE Foundation continues to make real and measurable progress in its development roadmap. On Friday, the foundation announced the release of Libdogecoin v0.1.4, a major update to its core C library, which allows developers to seamlessly integrate DOGE functionality into applications and platforms.
Since the February 2024 release of version 0.1.3, Libdogecoin has undergone significant upgrades that enhance both functionality and performance. Notable improvements include integration with Dogebox and the addition of support for SPV PUP, a lightweight node designed for simplified payment verification. The update also introduced enhanced key management features and performance optimizations for both Intel and ARM systems.
Furthermore, REST API extensions now enable more efficient SPV node communication, while expanded secure enclave compatibility boosts security. Additionally, the latest version brings new support for YubiKey-based hardware key storage, reinforcing Libdogecoins focus on robust and flexible crypto infrastructure.
These improvements demonstrate a strong commitment from the DOGE Foundation to ensure DOGE remains a technically sound and developer-friendly blockchain, far beyond its meme origins.
Dogecoin Goes Institutional with 21Shares ETP Launch
Adding to the bullish momentum, leading crypto investment firm 21Shares has partnered with House of Doge to launch a dedicated DOGE Exchange-Traded Product (ETP). The product, which will be listed on Switzerlands SIX Swiss Exchange under the ticker DOGE, marks a major milestone in DOGEs journey toward institutional adoption.
This listing opens the door for traditional investors to gain exposure to DOGE through regulated financial instruments, boosting credibility and expanding access beyond crypto-native users.
Looking ahead, the DOGE Foundation is also developing Fractal Engine, a cutting-edge open-source sidechain protocol. The project aims to introduce support for fractionalized assets such as NFTs and real-world assets (RWAs) without burdening DOGEs base layer.
By storing data off-chain, Fractal Engine will maintain the efficiency and simplicity of the Layer 1 DOGE blockchain while enabling broader utility and decentralized finance (DeFi)-style functionality.
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Read more: https://www.tronweekly.com/dogecoin-developer-issues-scam-warning-amid/
Text source: TronWeekly
