Barking Up The Wrong Tree? Dogecoin To Venture Into DeFi, Launches Dogechain Testnet To Compete With Ethereum

Dogecoin (CRYPTO: DOGE) announced the launch of its Dogechain testnet to facilitate the testing of decentralized applications (dApps) prior to mainnet deployment and network evaluation.

What Happened: On June 15, Dogecoin announced that it would be launching its own testnet which would serve utility to the testing of dApps and optimizing functionality.

Dogecoin works upon the IBFT Proof-of-Stake Consensus which facilitates user participation. Thus, deploying the testnet would allow users to be incentivized to test out dApps. Furthermore, its …

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