The Connection Between Ethereum And Dogecoin

[Crestie C. Tuvilla]

Ethereum has been facing scalability challenges with a number of solutions suggested such as Raiden or Plasma. A lesser-known suggested solution is Truebit. The platform aims to be a scalable verification solution for blockchains.

On February 5, 2018, the Truebit team sent dogecoin to a testnet on Ethereums platform. Once received, the token was recognized as a distinct asset on Ethereum’s blockchain. This was the culmination of in-depth research created by Dogecoin community members. The project was named Dogethereum.

“Dogethereum will be a first-of-its-kind “bridge” between the Dogecoin and Ethereum blockchains. Once constructed, shibes will be able to send doge back-and-forth to Ethereum without using an exchange. This will allow shibes to trade dogecoin for other Ethereum-based tokens and use doge in smart contracts.”