Dogecoin ($DOGE) has introduced an important update with the release of Dogecoin Core version 1.14.8.
Bringing significant improvements in the network’s performance and security, it’s recommended that all users upgrade to this version as soon as possible.
Alongside the technical enhancements, the Dogecoin market has seen notable price movements, which could be influenced by this update.
The latest version of Dogecoin Core, 1.14.8, introduces several crucial changes aimed at enhancing the stability, efficiency, and security of the Dogecoin network. This update, which is now available for download on GitHub, is essential for all users.
A key improvement in this release is the significant reduction in peer inventory (INV) object counts. Previously, Dogecoin Core nodes maintained an unnecessarily large list of inventory items for each peer.
This has been streamlined in the latest version, optimising resource usage on nodes and reducing unnecessary network traffic.
Another notable update is the overhaul of the transaction request tracking system. The new system prioritises communication with outbound peers over inbound ones.
This improves predictability and scalability in CPU and memory usage, especially as the number of peers grows.
Additionally, the update enhances the processing of orphan transactions, which were previously handled in a complex manner. They are now processed similarly to regular “getdata” messages, simplifying the code and speeding up transaction processing.
Security and technical enhancements
Version 1.14.8 of Dogecoin Core also addresses several technical aspects and security measures.
One important change is the reduction in getheaders traffic for INV messages, which previously led to increased bandwidth usage and a more complex codebase.
Now, a single “getheaders” message is sent for one block when announced in an INV message, reducing traffic and simplifying interactions.
The update also improves how difficulty adjustment errors are reported. Before this version, difficulty violations were not reported for chains that branched off before the last checkpoint.
The updated sequence of checks now ensures these violations are correctly reported, enhancing the network’s ability to self-monitor and maintain integrity.
Security has been given significant attention in this update as well. Detailed documentation in the SECURITY.md file outlines the procedures for reporting potential vulnerabilities, a proactive approach crucial for maintaining trust in the Dogecoin network.
On the technical side, several dependencies have been upgraded, including fontconfig, freetype, and expat.
Additionally, the update now allows compilation with Boost 1.80 and newer, and supports updated C++ standards, future-proofing the Dogecoin Core development environment.
Market response
Following the release of Dogecoin Core 1.14.8, $DOGE’s price experienced a slight uptick, aligning with Bitcoin’s rise above the $60,000 mark.
However, despite the short-term optimism, market indicators suggest caution. Dogecoin is currently in a short-term upward trend within a broader bearish pattern.
The price has been making higher lows, but it remains below both the 50-day and 200-day exponential moving averages (EMA), which indicates a continuation of the bearish trend.
The price is testing resistance around the $0.1100–$0.1120 range, close to the 200 EMA. A more robust resistance level is around $0.1200, while immediate support is at $0.1, near the 50 EMA.
A significant support level lies around $0.08, aligning with a previous low.
Despite the mixed market signals, there are some positive signs for Dogecoin. Open interest in Dogecoin has increased by 7.48% over the last 24 hours, suggesting a potential continuation of the short-term upward trend.
Moreover, the number of large transactions involving Dogecoin has risen, indicating that whales are accumulating $DOGE, which could influence future price movements.
The recent price increase has pushed 73% of Dogecoin holders into profit, a bullish indicator that could attract more buyers and drive prices higher.
Additionally, 67% of investors have become long-term holders, further strengthening market confidence in Dogecoin’s future.
