What is dogechain (Doge)?

The So-Called Dogecoin 'Layer-2' for DeFi, NFTs and Games Dogechain lets users bridge over Dogecoin (DOGE) to tap into DeFi services, along with potential future NFT marketplaces and apps. Dogechain is a newly-launched blockchain platform that lets users bridge over Dogecoin (DOGE) and use it for DeFi, NFTs, and more.

Is dogechain a layer 2 network?

Dogechain isn’t a Layer 2 network, nor is it associated with Dogecoin. Instead, it’s a kind of bridge that will let Dogecoin holders transfer their tokens to the Dogechain so they can buy NFTs, develop GameFi apps and participate in various types of DeFi projects.

What is Dogecoin cross-chain protocol?

The cross-chain protocol is another important component worth discussing. It links the original Dogecoin blockchain to the Dogechain. You can use the protocol to exchange DOGE with a wDOGE token. The protocol requires a ratio of 1:1 to achieve compatibility across cross-chain transactions.

What is the dogechain DC token?

DC is the primary governance token for the Dogechain blockchain. Besides serving community initiatives, it will act as the "go-to-token" for fueling transactions, smart contracts and DApps in the wider DeFi ecosystem. Unlike other crypto tokens, the DC token was pre-mined entirely upon the release of the Dogechain mainnet.