Dogethereum (DOGX), which shares its name with the Rinkeby project known as Dogethereum Bridge, is looking to branch off from the Dogecoin chain in fall. This would constitute Dogecoin’s first ever hard fork.
“Dogethereum is new decentralized digital currency, it will be founded on snapshot of popular Dogecoin, based on ETH algorithm with fastest speed of transactions, smart contracts,” developers describe on Bitcointalk Monday.
“Our goal it to push Doge currencies to the brand new direction, with no ASIC mining, speed and simplicity.”
Dogethereum Bridge came about as part of Ethereum’s truebit technology – a plan to help the largest altcoin scale to meet user demand.
On February 5, engineers managed to send DOGE to Rinkeby, marking a major step in cryptocurrency interoperation and sparking renewed interest in the altcoin many assumed was simply a meme in cryptocurrency form.
Lesson learned today: $DOGE isn't only a joke #Dogethereum $ETH
The hard fork project appears to want to capitalize on the truebit achievement meanwhile, with Bitcointalk suggesting smart contracts would drive price performance.
“…There are no any ICOs, premines or other manipulations,” the announcement on the forum continues.