One of the reasons for this is Elon Musk, who has been tweeting about the cryptocurrency, referring to it as his favorite crypto. In fact, Dogecoin upgrades are based on Bitcoin’s improvement proposals, making it pretty secure as Bitcoin’s security is the strongest of any cryptocurrency.Īlthough the coin was created for fun, it has grown in popularity over the years. It was created out of Litecoin by a hardfork, but still retains the core properties of Bitcoin. What Is Dogecoin?ĭogecoin is a cryptocurrency that was designed to entertain people as they navigate the crypto world. Luckily for you, this process is easier than you think, and in this guide, we will show you exactly how to do it. One of the ways to get DOGE is to mine it. If you are reading this piece, it is probably because you want some of it too. Many people are becoming more and more interested in this meme coin. On Saturday (November 27), we tested everything by opening up withdrawals again, but we did it silently to ensure there were no further issues, and now we’re pleased to announce that from today withdrawals are fully open again.Dogecoin has been in the center stage since its price stunts led by Elon Musk. Here at Binance, and the Dogecoin Core maintainers, we worked together to diagnose, solve, and prevent similar issues from occurring. So rest assure d, as CZ said - no o ne’s getting fired. No single entity was at fault, neither Binance nor DOGE Network had prior knowledge of this rare issue. If we at Dogecoin Core maintainers and Binance had tried to plan this, we simply would not have been able to - not quite the shady circumstances that some had suggested. It was an unlikely and unfortunate coincidence for Binance, the DOGE network, and DOGE hodlers. Unfortunately for Binance, we had inadvertently threaded the needle with all of the above parameters, which led to the coins being re-sent and requiring a new wallet needed to be built. In short, if 1) your platform had listed DOGE all the way back in 2019, at v1.14.0 2) had transactions stuck in the wallet 3) had upgraded the wallet to v1.14.2 4) AND then updated to v1.14.5 - you can have an issue. The truth is that a combination of unlikely factors led to an unforeseen issue that ultimately only affected Binance. So what happened? Here are the facts, no shade intended: You may have heard the news, thanks to some friends on Twitter. In addition, 1634 users were sent old transactions. What began as a fairly straightforward upgrade, turned into an issue where Binance users were unable to withdraw DOGE for the last 17 days. We'd like to take this opportunity to share some more details around a recent issue that Dogecoin Core maintainers and Binance experienced during the DOGE wallet upgrade. When that happens, it can take some time to locate, diagnose and fix the issue. This is something that every platform faces on occasion. However, there are times when users report issues or slowdowns. That's one of the biggest reasons why Binance has become the ecosystem of choice for millions of users around the world. This means we take every step to ensure you always have access to your funds, that you can execute trades quickly, and make deposits and withdrawals without encountering any issues or slowdowns. Here at Binance, we always strive to keep things running smoothly.
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