With 1.7 billion people wanting to leave the traditional banking system, Dogecoin is working to make its currency accessible to the world’s population. Despite market volatility, it recently received the support of Robinhood CEO Vladimir Tenev on Twitter. In fact, the latter potentially describes it as “the future currency of the Internet and of humanity.”
Make transactions without internet access
Overcoming obstacles, Dogecoin (DOGE) seems to be learning a new trick. Thanks to leading memecoin and Starlink developers, DOGE successfully sent its first transaction via Doge Radio, a new initiative of the Dogecoin Foundation that allows DOGE transactions without Internet access.
On April 22, 2022, the first Dogecoin transaction (DOGE) was sent by radio transmission with the help of the global Starlink satellite network. The news was revealed by Dogecoin developer Michi Lumin, who tweeted on Friday.
“The first dogecoin transaction has just taken place without the Internet, using Doge Radio. Wow,” a dogecoin supporter wrote on Friday. “Radio Doge will allow access to dogecoin for people out of reach of the Internet.”
RadioDoge is based on a global Starlink satellite network. In addition, it uses low-cost radio technology, providing cheap access to remote areas where Dogecoin and Internet infrastructure are disorganized.
Dogecoin is not the first cryptocurrency to be sent by radio. Concepts such as mesh networks, amateur radio equipment, and portable antennas allow users to conduct BTC transactions without Internet access.
Dogecoin Foundation product manager Timothy Stebbing and systems manager Michi Lumin have teamed up to develop a new communications network that will allow users to market Dogecoin offline. It only needs the support of the Starlink satellite network created and owned by the richest cryptocurrency sponsor, Elon Musk.
From the joke to the universal adoption of Dogecoin?
Highly volatile, DOGE started taking off around 1pm yesterday when it was worth $ 0.1250, then reached a high of $ 0.17 around 9pm, up 36% in 8 hours, followed by declining returns, Dogecoin currently shows $ 0.1570.
Keep in mind that this strong upward trend has allowed Dogecoin to regain its place in the top 10 of the most important cryptocurrencies in terms of capitalization. This sudden rise is related to rumors that Elon Musk has taken over Twitter.
This has raised many hopes and speculations about Dogecoin. In fact, Elon Musk is one of DOGE’s strongest supporters, and his acquisition of Twitter could pave the way for DOGE to be used on the social network in one way or another.
Earlier this month, Musk mentioned DOGE’s payments on Twitter in a tweet, offering Dogecoin as one of the payment options for Twitter Blue, the site’s premium subscription service.
Over the past few weeks, the Dogecoin team has focused on developing the basics of RadioDoge. There are other projects in progress, including LibDogecoin, which is a full implementation of the Dogecoin protocol. The goal is to allow anyone to develop Dogecoin compatible products.
The second major project is GigaWallet, which allows any developer to integrate Dogecoin commerce into their platform in seconds using a configurable API. The stated goal of all these initiatives is to drive the rapid adoption of Dogecoin worldwide.
However, this demonstration of sending Dogecoin by radio waves definitely highlights the usefulness of cryptocurrency. Elon Musk praised the potential for “crypto memes” to become people’s cryptocurrency. Undoubtedly, this experience gave us an insight into how it could be developed.
Originally a joke, Dogecoin is likely to be a surprise in the race for the massive adoption of cryptocurrencies.