Dogecoin gets DeFi testnet as DogeOS bets miners will eventually secure its apps
DogeOS wants to turn DOGE into more than a payments and speculation asset, but its applications still rely on selected operators rather than Dogecoin miners.
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Summary
- DogeOS opened a public test network that lets developers build Ethereum-compatible trading, lending and stablecoin applications using test DOGE.
- The network initially relies on selected operators, protected hardware and a Security Council, while a proposed Dogecoin Core upgrade would eventually allow Dogecoin miners to verify its proofs.
- DogeOS has not set a mainnet launch date and faces questions about demand after weak Dogecoin ETF inflows and the decline of earlier memecoin application networks.
