What Is Dogechain — And How Does It Relate to Dogecoin?
If you’re active on Twitter, you’ve probably seen news about a project called Dogechain that was recently launched. Its name bears an uncanny resemblance to the official Dogecoin blockchain explorer. For the uninitiated, Dogecoin is a leading meme coin created by two software engineers as a joke. However, contrary to popular belief, Dogechain is not a project launched by the same software engineers. Curious to find out more? Read this article to understand what Dogechain is — and why it was created.
What Is Dogechain?
Dogechain, not to be confused with the official Dogecoin blockchain explorer, is an unofficial Layer 2 solution for the Dogecoin project. It’s an EVM-compatible decentralized blockchain that runs on the Polygon network and aims to bridge over Dogecoin, allowing Dogecoin users to access the growing decentralized finance (DeFi) ecosystem.
As mentioned above, Dogechain isn’t affiliated with Dogecoin. Instead, it's a separate community-first blockchain that aims to empower Dogecoin holders. Using the bridge, Dogecoin holders can access blockchain games, NFTs and various types of DeFi apps. They need some kind of a bridge, because Dogecoin is mainly used for payments and purchases only. Since Dogecoin has limited benefits, the founders of the Dogechain project aim to complement the original Dogecoin cryptocurrency so it can be used for other purposes beyond its initial use.
In other words, this new project seeks to bring scalability, security, robustness and utility to the Dogecoin network.