Elon Musk dropped a heavy bombshell in the early hours of June 1 — Dogecoin officially launched a 'green mining' strategic upgrade. The core goal targets the pain points in the payment field: a 300% increase in transaction speed and ultimately achieving zero fees. The news instantly ignited a long-dormant crypto community.
Technological Leap Hits the Core
Transformation of Consensus: Saying goodbye to high-energy mining modes, shifting to a hard disk storage consensus mechanism similar to Chia, effectively addressing environmental concerns.
Leap in Speed: Transaction processing capacity sprinting from the current 40 TPS to 400 TPS, catching up with mainstream payment networks
Ecological Expansion: Accelerating connections with commercial scenarios like JD.com, bridging the 'last mile' between virtual currency and real consumption.
Historical Echoes and Market Excitement
The market memory flashes back to May 2021 — when Musk first proposed the vision of 'speeding up and reducing costs', Dogecoin surged over 20% within 24 hours. At this moment, the coin price is lurking in the range of $0.17-0.72, with expectations of breaking the strong resistance at $0.7 spreading in the community. The long and short camps are fiercely clashing:
Bullish Flag: Anticipating Tesla/SpaceX to open payment scenarios, tech enthusiasts draw a $2.5 roadmap based on AI models
Bearish Alarm: Warning of the unchanged infinite inflation mechanism increasing by 5 billion coins annually, the plight of a development team with only 4 part-time members, and the SEC's regulatory sword over celebrity endorsements.
Civilizational Game Beneath the Undercurrent
Behind this technological upgrade lies a profound transformation in the crypto world:
"When hard drives hum instead of mining machines roar, and second-level confirmations tear through payment barriers, Dogecoin is attempting to create a crack in the reality of payment scenarios."
However, shadows linger behind the revelry — unlimited inflation is like the sword of Damocles, as the four-member development team trudges through the jungle of code, with the SEC's regulatory gaze always like a thorn in the back.
Key Points for Future Victory
When will Musk's enterprises truly embrace DOGE payments?
Development Team's GitHub Code Update Frequency and Quality
Changes in the U.S. SEC's regulatory approach to celebrity cryptocurrency comments
As the horn of green upgrades sounds, Dogecoin stands at the crossroads of idealistic visions and real-world constraints. This breakout battle in the payment arena is, after all, the dawn of a new era, or another cycle of capital games? The eyes of the crypto world are now closely watching this Shiba Inu that once created miracles.
Do you think this 'green revolution' can help Dogecoin break through the payment barriers? Follow Iron Eagle and feel free to share your insights in the comments — share with friends who are also concerned about this transformation in the crypto world, exploring the infinite possibilities of future finance!