The Dogecoin foundation announced the release of a new update to Libdogecoin version 0.1 of its C library on August 5. According to the Dogecoin Foundation, the Dogecoin Protocols are fully implemented in Libdogecoin. Anyone can create a Dogecoin-compliant product with the aid of this programming library without having to worry about the underlying cryptographic operations.
A lightweight direct integration of Dogecoin into a number of platforms is made possible by the C library known as Libdogecoin (which is a component of the operating system on Unix-like systems). According to its creators, Michi Lumin and KBluezr, Libdogecoin v0.1 is a simple library that cannot be used to run a node. It means that users without specialised knowledge of cryptographic protocols can quickly produce a Dogecoin-compliant product. Several languages can be used to operate the product.
The Dogecoin community considers the completion of libdogecoin to be crucial for the creation of upcoming products. The foundation of this product will be used to develop other products like RadioDoge and Gigawallet.
They are all a part of a long-term plan to establish meme coin as a globally accepted medium and a means of exchanging goods and services. Dogecoin, which has a market capitalization of over $9 billion with the constant support from Tesla CEO Elon Musk, is the largest meme currency in the industry. The meme token reached its price peak of $0.7 in May 2021 and gained widespread recognition.
According to Coinmarketcap, Dogecoin’s price is $0.070127 with a $390,278,257 24-hour trading volume. Dogecoin has increased by 2.75% over the last 24 hours.