- Dogecoin Foundation reveals its plans to partner with Starlink to support $DOGE transactions in remote areas. The project has been proposed in a trail map published by Dogecoin Foundation.
- Research revealed that Starlink has the potential to push Dogecoin miners to scale transactions.
- Despite $DOGE being 78.7% down from its all-time high, the community is excited for the token in 2022. Significant projects like funding the Falcon X mission via Dogecoin might help the cryptocurrency show some advancements this year.
A trail map has been published by the Dogecoin Foundation, which recently got back on track a bit. The Dogecoin Foundation prefers the term trail map over road map to highlight that the project is more open-source and community-driven. One of the most eye-catching points on the document is a project proposal, according to which the Dogecoin blockchain will create a partnership with Starlink to support transactions of Dogecoin in faraway remote areas. As per Dogecoin Foundation, the project partnering with Starlink is named the RadioDoge (emerged from Starlink + radio nodes for remote locations), and further details of the project are set to reveal as the project falls into place.
The Dogecoin community became quite excited following the announcement, and the majority were optimistic. As per a loyal supporter of Dogecoin, Matt Wallace, who is also a cryptocurrency YouTuber, expressed his excitement by saying that integrating Dogecoin with Starlink would make the cryptocurrency unstoppable.
Starlink & The RTT
Starlink is the extra-terrestrial internet service of Elon Musk, which is in the development phase, however, a lot many internet satellites have already been launched, still, a lot is yet to be launched. A constellation of satellites of SpaceX serves the internet service.
A lecturer at Imperial College London, Arthur Gervais, held research that revealed that the potential Starlink carries might help out miners of Dogecoin to scale transactions by a lot of many proportions. The research also highlighted that the RTT (Round Trip Time), between Singapore and London, of the internet service served by fiber optics is about 159ms, whereas it was about 108ms on the Starlink internet service.
Gervais said that if the miners could get involved in a devoted relay network of Starlink, Dogecoin might scale its transactions over the network quite well by orders of magnitude. He further explained that utilizing Starlink’s network to direct peer-to-peer blockchain data between miners will surely help increase the current blockchain’s speed without compromising security.
The $DOGE Statistics
The native token of the Dogecoin blockchain network, $DOGE, had an incredible year where it even surged by more than 3,700% for once. The token is currently trading at $0.1576 (at the time of writing) after facing a downtrend of about 7.27% in the past 24 hours with an all-time high of $0.7376 and an all-time low of $0.00008. It currently acquires a circulating supply of about 132.67 billion but has no max supply cap.
Upcoming Projects Might Influence Dogecoin
Even though the token is down by 78.7% from its all-time high, the community seems pretty excited to see the meme coin making some advancements for several reasons, of which majority are due to Elon Musk being the loyal supporter of Dogecoin and is also devoted and working to make it advance in the industry.
One of the plans of Elon Musk for Dogecoin is the Falcon X mission of SpaceX which will be funded by $DOGE and is set to launch in the first half of 2022. Another plan is to start accepting $DOGE for Tesla’s merchandise set to roll out in the first quarter of 2022. Also, it has been expected that several projects of the trail map published by the Dogecoin foundation will bring some significant enhancements to the blockchain infrastructure of Dogecoin.