Dogecoin (DOGE) developer Alex, known on X as @MyDogeCTO has shared an important Inscription update with the community. According to the developer, Dogecoin is at a pivotal point where it opens its arms to everyone even when ideology differs.
Dogecoin Inscription Support Update
The Dogecoin developer expressed his personal bias against Inscriptions, an innovation that many are clamoring for. He said he is not a big fan of Inscriptions as the infrastructure to support the “meta protocols” is centralized.
In addition to this, he noted that they are fragile, expensive, and cumbersome to end users. These limitations generally defeat the purpose of Dogecoin, a fun token designed for mass embrace by internet users.
Moving on, he noted that the protocol’s vision remains to develop it as the dominant currency for the people. While striving to achieve this, the Dogecoin dev unveiled plans to support everyone including the Inscription proponents.
For the record, I'm personally not a fan of inscriptions. The centralized infrastructure required to support so called "meta protocols" is fragile, expensive and cumbersome to end users.
That being said, I respect the Dogecoin community and users of all varieties. Our mission…
— Ale𝕏 (@MyDogeCTO) May 9, 2024
He cleared the community that there is progress with the Inscription development support within the desktop app of MyDoge Wallet. Notably, MyDoge Wallet is a non-custodial wallet designed to serve the Dogecoin community. The developer highlighted that Dogecoin Inscription support within the mobile app is slated for release in the coming weeks.
Memecoin Relevance Pursuit Heating Up
The competition in the memecoin ecosystem is growing with different projects exploring new utilities. While Dogecoin has started making new waves in this regard, Shiba Inu (SHIB) is at the forefront of the innovation.
To establish its foothold, Shiba Inu launched Shibarium, its Layer-2 scaling solution. Shibarium is notably growing its relevance and recently launched a hard fork to enhance its functionalities.
For the innovation Shiba Inu embodies, it is notably gaining immense traction from top trading platforms. Besides backing from Robinhood listed for trading in New York recently, VanEck recently launched an index to track 6 major memecoins in the industry.
