The Dogecoin (DOGE)-Ethereum (ETH) Bridge Will Launch In 2022, Billy Markus Speaks

The Dogecoin community will be getting a new DOGE-ETH bridge developed by Blue Pepper.

The Dogecoin-Ethereum Bridge Will Launch in 2022, Billy Markus Speaks

The most-popular meme coin, Dogecoin (DOGE), looks to embrace interoperability, which has been hailed as the future of blockchain, as its bridge with the Ethereum chain looks set to launch before the end of the year.

The Dogecoin-Ethereum Bridge will Launch in 2022

The Dogecoin community will be getting a new DOGE-ETH bridge developed by Blue Pepper. The developers of the newest bridge recently announced that the Dogecoin-Ethereum bridge will be launched before the end of 2022. 

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The new bridge will create a wrapped version of DOGE that would allow users to stake, lend, and perform other DeFi functions using their DOGE. Blue Pepper’s bridge uses a centralized custodian BitGo, the custodian for the wrapped version of Bitcoin.

The Dogecoin Foundation and MyDoge will join Blue Pepper and BitGo as the genesis members of the decentralized autonomous organization (DAO) that will be responsible for governing the protocol.

Dogecoin Founder on the Bridge

As an unofficial Dogecoin project, Dogecoin creator Billy Markus has offered his take on the project. Speaking with Dogecoin proponent, Mishaboar, on Twitter, Markus, said he hoped that the bridge would work.

However, while Mishboar urged Blue Pepper to remain transparent with the Doge community, Markus said he won’t be held responsible for any DeFi-related activity.

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At this, Mishaboar noted that Blue Pepper developers should reach out to the Dogecoin Core team to discuss the implementation of the DOGE-ETH bridge in the most efficient way.

On the Flipside

  • With over $2 billion worth of digital assets stolen from bridge hacks in 2022, bridge networks have come under intense scrutiny.

Why You Should Care

The new Dogecoin-Ethereum bridge will grant DOGE users access to all the DeFi functionalities of the Ethereum chain. 

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia