Dogecoin Is Getting Apps as DogeOS Opens Its Public Testnet

[Oshosondy]

Doge remain a meme coin, but the idea is from The team behind the MyDoge wallet opened a public test of DogeOS, a layer that lets developers build lending platforms and games on top of the meme coin network.

DogeOS opened the public testnet of its EVM-compatible application layer for Dogecoin on Sept. 30.
Fees on the testnet are paid in DOGE, and the teams building on it include a lending protocol, a perpetual exchange, a stablecoin and a prediction market aggregator.

So I think this is making doge to be useful than a meme coin indirectly, but I think it will also be for the profits of MyDoge wallet developers.

Only the testnet has been launched, no mainnet launch date announced for now.

[TastyChillySauce00]

I hope it doesn't become another struggling proof of work blockchain's layer 2 like others. Dogecoin's L2 becoming meme hub by enabling EVM-compatible layer to build the ecosystem is actually a really interesting concept but I'm doubtful of its success. We've got Dogechain back in 2022, it flopped. Even though this one seems to be supported by foundation, I can hardly tell it won't suffer the same fate.

So far only Ethereum ecosystem able to grow successful L2, even Solana's layer 2 like Sonic SVM and Nitro SVM failed to get people's attention.

[hugeblack]

If an onchain is launched, it may lead to a price surge, but the general trend for all EVM-compatible application layer projects is that they are temporary projects and do not change the currency price for a long period.

[asriloni]

So let's make it simple DogeOS is just another separate chain (L2) for doge coin. Honestly, i don't see anything special with this, and as i know DogeOS only uses dogecoin as the coin to pay gas on its network, but i've heard that they also have a plan to launch DogeOS token.

It's just another developer who is trying to create another unnecessary chain, then issue their own token to bags money. I've also heard there was a venture capital who backed mydoge team who develop DogeOS. So i'm sure they have a plan to launch alt for themselves and VC who backed them and i see DogeOS ticker already listed on cryptorank.

Beside that we had first experiement with Wdoge(ERC20) which was created by dogecoin foundation x Bitgo, and it's failed. So i don't think this dogeos launch by a team who created dogecoin wallet will be success.

I'm saying based on the statistic.

[MArsland]

It turns out that there is a new breakthrough from Doge who has not done much to surprise for a long time. The purpose of this is so that Doge can continue to develop in the era of competitive crypto projects that have real products that can be used. I think this is great, but of course the challenge lies in the interest of the community to adopt the ecosystem. Let's see what they can do to attract attention, if in the end there is not much interest then this will be another L2 project stack like the one in EVM.

[hugeblack]

So let's make it simple DogeOS is just another separate chain (L2) for doge coin. Honestly, i don't see anything special with this, and as i know DogeOS only uses dogecoin as the coin to pay gas on its network, but i've heard that they also have a plan to launch DogeOS token.

If that is the case, then I misunderstood the matter. I thought that something like Dogecoin can pass upgrade proposals (such as ^OP_CHECKZKP) via a soft fork and thus integrate smart contracts and not Layer-2 / Sidechain Platforms, which will not gain that fame or bring about real change.

[$crypto$]

It's just another developer who is trying to create another unnecessary chain, then issue their own token to bags money. I've also heard there was a venture capital who backed mydoge team who develop DogeOS. So i'm sure they have a plan to launch alt for themselves and VC who backed them and i see DogeOS ticker already listed on cryptorank.

DogeOS has already secured funding from VC Polychain Capital of $ 6.9 M and we know these VCs often fund L2 projects which you might say will rake in other investors ' money.
There is nothing special about creating your own native token in the end, there are already many projects of this kind that do not survive in the market in the end.
https://cryptorank.io/price/dogeos

They have multiple ecosystems, the same concept as other altcoins. https://www.dogeos.com/ecosystem

[henmark]

I hope it doesn't become another struggling proof of work blockchain's layer 2 like others. Dogecoin's L2 becoming meme hub by enabling EVM-compatible layer to build the ecosystem is actually a really interesting concept but I'm doubtful of its success. We've got Dogechain back in 2022, it flopped. Even though this one seems to be supported by foundation, I can hardly tell it won't suffer the same fate.

So far only Ethereum ecosystem able to grow successful L2, even Solana's layer 2 like Sonic SVM and Nitro SVM failed to get people's attention.

We can not guarantee a success even for something that is already promising, especially that their concept of gaming and lending seem to be a thing of the past. We saw the rise and fall or DeFi and Metaverse/NFT in the gaming category. Even the one the one you said there 'Dogechain' still fails despite being a perfect home for the meme coins because Dogecoin was like a father of it.

ETH as when compared something from DOGE, it was clear already who the winner is. But, I think ETH is still old and later projects have surpassed it. As for Solana, it still had it spotlight before, whether it was solo or with the help of the meme coins. But its recent development/project seem to not appeal people yet. It may not be on their best conditions for now. So it may take time.

[asriloni]

So let's make it simple DogeOS is just another separate chain (L2) for doge coin. Honestly, i don't see anything special with this, and as i know DogeOS only uses dogecoin as the coin to pay gas on its network, but i've heard that they also have a plan to launch DogeOS token.

If that is the case, then I misunderstood the matter. I thought that something like Dogecoin can pass upgrade proposals (such as ^OP_CHECKZKP) via a soft fork and thus integrate smart contracts and not Layer-2 / Sidechain Platforms, which will not gain that fame or bring about real change.

The doge dev was not interesting in it. They would be doing a hard fork to make it happen if they liked it, but it seemed they only try to make it simple. That's why they worked with bitgo to launch Wrapped Dogecoin in the past.

It's just another developer who is trying to create another unnecessary chain, then issue their own token to bags money. I've also heard there was a venture capital who backed mydoge team who develop DogeOS. So i'm sure they have a plan to launch alt for themselves and VC who backed them and i see DogeOS ticker already listed on cryptorank.

DogeOS has already secured funding from VC Polychain Capital of $ 6.9 M and we know these VCs often fund L2 projects which you might say will rake in other investors ' money.
There is nothing special about creating your own native token in the end, there are already many projects of this kind that do not survive in the market in the end.
https://cryptorank.io/price/dogeos

There's no free launch these days. Polychain invested in so many L2 and they get token in return. They're also a venture capital, not a charity firm.

See they get lots of tokens from the various projects they invested. https://dropstab.com/investors/polychain-capital/portfolio

They have multiple ecosystems, the same concept as other altcoins. https://www.dogeos.com/ecosystem

The purpose to list not working eco is just to build the hype around people if there are dapps developers who interested to build apps in their L2, but since it's only tesnet. It means nothing.