Meet Roc Zacharias, Core Contributor at Blockchain Network For The $DOGE Community: Dogechain

Dogechain is an EVM-compatible blockchain network built for the $DOGE community to bring utility to the popular meme coin. The chain exists completely independent of the Dogecoin network but compliments it to supercharge $DOGE. The key goal here is to bring the smart contract functionality to Dogecoin and open the doors to many use cases in the realms of NFT, GameFi, and DeFi.

Dogecoin holders can bridge their coins and receive a wrapped version ($wDOGE) that can be used across the ecosystem for various applications. The chain is built using the Polygon Edge architecture, which uses the proof-of-stake consensus algorithm to achieve scalability, efficiency, and security.
 
 

 

How did you come up with the idea for the company?

 
Since its inception in 2013, Dogecoin has witnessed exponential growth in both value and popularity. Today, it has a rabid fanbase and is undoubtedly the most popular meme coin out there. The problem with Dogecoin, however, is its lack of utility for holders.

The Dogecoin network as we know it today is a fork of Litecoin. It is a proof-of-work (PoW) network without smart contract functionality. So, apart from HODLing or making cross-border payments, there really isn’t much for Dogecoin holders to do. This is where the idea of Dogechain originated.

We wanted to create a blockchain that brings long-term utility to Dogecoin and meme coins. In other words, we wanted to create a chain that allows the $DOGE community to be able to participate in DeFi’s lending, borrowing, yield farming, and other cutting-edge financial products. We also wanted to enable NFT, GameFi, and metaverse utilities for Dogecoin.
 

How has the Project evolved over the last couple of years?

 
In the last year, Dogechain has evolved from a mere idea into a fully-developed layer-2 chain. On the 31st of May, 2022, we launched our testnet, which was a fully functioning Polygon Edge chain that uses wrapped $DOGE as gas. This was “Phase 0” of our development process. The testnet allowed users to explore the possibilities and experiment with various transactions, and developers could also launch DApps for no cost.

Then, in August, we kickstarted our Phase 1 development with the launch of the Dogechain “chained” mainnet. This phase introduced the smart contract and wrapped tokens functionality, bringing actual utility to Dogechain. Thanks to this, developers can build and launch various DApps and integrate existing Ethereum DApps with the Dogechain mainnet. As of now, the popular protocols QuickSwap and Frax have been integrated into Dogechain along with 14 other DApps. Moreover, there are over 150 projects and hundreds of memecoins being developed to soon join the Dogechain ecosystem.

In this phase of development we’ve already hit 39 million transactions and are currently processing around 1 million transactions in a day. We also have over 232,000 active wallets on-chain and over 330,000,000 Dogecoins have been bridged over to our network.
 

What can we hope to see from Dogechain in the future?

 
In our next development phase, we aim to launch the “unchained” mainnet, which will switch to the proof-of-stake consensus. Additionally, we recently launched our native governance token, $DC. This means that users, in the next phase of development can stake tokens and participate in the governance process of the network.

Apart from this, many of the teams that are currently developing NFT, DeFi, and GameFi projects for Dogechain will be ready to deploy, creating a utility-focused ecosystem for the Dogecoin community.