The popular layer 2 scaling solution for meme asset Dogecoin (DOGE) has announced that it will shut down its wallet services next month.
Mishaboar, one of Dogecoin’s developers, said in a new thread on social media platform says Investors will need to move their DOGE out of their Dogechain wallet and keep a copy of the wallet’s private keys before the June 1 shutdown.
“Move your DOGE from http://dogechain.info (only use .info domain!) before June 1st. It is also important to keep a copy of the private keys of your Dogechain wallet. If you have an address that is still in use somewhere, this can help you later recover any funds you may have accidentally sent or received there.”
Dogechain, an Ethereum Virtual Machine (EVM) blockchain powered by technology from Polygon (MATIC), was created as a way to connect the Dogecoin ecosystem to the world of Web3.
Dogechain uses a proof-of-stake (POS) consensus mechanism to allow faster and cheaper transactions, making non-fungible tokens (NFTs), blockchain-based video games, and decentralized finance (DeFi) services more accessible to meme holders. coin.
Dogecoin is trading at $0.132 at the time of this writing, up 10.86% in the last 24 hours. On March 28, DOGE was worth $0.219.
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Featured image: Shutterstock/Frank Rohde