Doge Eat Doge price

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Dogechain is an EVM-compatible blockchain built using Polygon SDK to create an efficient connection between Dogecoin (DOGE) and Web3. Dogechain’s infrastructure allows DOGE holders to port their DOGE into a blockchain with more possibilities and embrace more opportunities using their DOGE.

Dogechain presents to developers a platform to build DeFi, GameFi, NFT platforms, and other decentralized applications with DOGE as part of its core economic system. Being EVM (Ethereum Virtual Machine) compatible, developers on Ethereum and other EVM blockchains can easily build new applications or bridge their existing applications to Dogechain without changing their original code or learning new programming languages

Dogechain runs the Proof of Stake (PoS) algorithm and offers a scalable, fast, and cheap blockchain to DOGE holders who wish to explore more use cases for their DOGE and the rest of the cryptocurrency community as well. The Dogechain community hopes to build gilt-edge NFT, DeFi, and Web3 platforms and also maintain the core characteristics of the original DOGE community.

The only peculiar feature of the Dogechain is interactivity features that enable a connection with the DOGE blockchain. Apart from this, Dogechain is similar to Polygon chain and other EVM-compatible PoS chains.

Moving your DOGE to Dogechain involves a special bridging process that allows you to wrap your DOGEs. The wrapping process enables you to create a new token pegged to the value of DOGE on Dogechain. For instance, when you wrap 100 DOGE using Dogechain’s bridging facility, you will receive 100 wrapped doge (wDOGE) on your Dogechain wallet. The wrapped DOGE is pegged to the value of DOGE and can be easily inter-bridged across both platforms.

Relative to DOGE, wDOGE on Dogechain can be used for blockchain governance, payment of transaction fees, and as utility tokens on Web3 platforms