Creating a cross-chain bridge between the Dogecoin and Ethereum blockchains will add practical value to the meme-cryptocurrency. This opinion was expressed by its co-founder Billy Markus.
things that add utility to #dogecoin:
1) businesses accepting doge
— the more it can be used as a currency, the better2) using doge as a tipping currency
— the most pure use case that brings happiness3) dogecoin / ethereum bridge
– allows doge to be used with web3— Shibetoshi Nakamoto (@BillyM2k) April 24, 2022
The bridge will expand the use cases for DOGE in the Web 3.0 realm, he says.
“This would open up the possibility for places like OpenSea to accept Dogecoin for purchases in a wrapped version. Basically, the bridge would allow converting DOGE to and from a wrapped token by unlocking the technology,” Markus wrote.
it would unlock the ability for sites like opensea to accept Dogecoin for purchasing using the wrapped dogecoin token — basically a bridge would allow transfer from doge to a wrapped doge token and back to unlock the tech
— Shibetoshi Nakamoto (@BillyM2k) April 24, 2022
According to him, specially created sites will be able to see the wrapped coins in the MetaMask wallet and provide new features and opportunities for their holders.
The expansion of the number of companies accepting cryptocurrency and its use for donations will also add utility to Dogecoin, Markus noted.
Recall that in April, the founder and CEO of the online broker Robinhood, Vlad Tenev, called the conditions for the transformation of DOGE into “the future currency of the Internet and people.”
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