Dogecoin Developer Issues Crucial Warning to Crypto Community; Here's Why

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A Dogecoin Foundation developer has issued a warning about potential scams targeting the Dogecoin community. Inevitable360, in a recent tweet, urged caution regarding projects attempting to leverage Dogecoin's popularity.

⚠️ Warning to all Dogecoin community ⚠️ anyone promoting a token (it's not a coin like Dogecoin or Bitcoin because it doesn't have its own blockchain) should be viewed with extreme skepticism. Be wary of promotions, such as #Dogevan, pushed by some community members. If someone… pic.twitter.com/osIzPYUEIi— inevitable360 (@inevitable360) April 12, 2025

The developer highlights that tokens—crypto assets built on existing blockchains, unlike Dogecoin or Bitcoin which have their own—promoted within the Dogecoin community are likely scams. Inevitable360 advises against falling for promotional hype and encourages critical evaluation of any such initiatives. They added, "If someone really wants to help others or save dogs, they don't need any token, no matter the excuse." This warning follows recent positive developments for Dogecoin, fueling community optimism.

Dogecoin's Recent Progress

On Friday, the Dogecoin Foundation announced the release of Libdogecoin version 0.1.4. This foundational C library simplifies Dogecoin integration into various applications. Since the 0.1.3 release in February 2024, significant improvements have been made, including Dogebox support, SPV PUP (a lightweight node service), and enhanced key management. Version 0.1.4 boasts Intel and ARM performance enhancements, expanded REST API extensions for the SPV node, increased secure enclave support, and the addition of YubiKey hardware key storage.

Furthermore, 21Shares, a leading issuer of cryptocurrency exchange-traded products (ETPs), announced an exclusive partnership with the House of Doge to launch a Dogecoin ETP. This ETP will be listed on the SIX Swiss Exchange under the ticker DOGE.

The Dogecoin Foundation is also developing Fractal Engine, an open-source sidechain protocol. This project will enable fractionalized tokens, such as NFTs and real-world assets (RWAs), on Dogecoin by utilizing off-chain data storage. This approach aims to maintain a lean and efficient Layer 1 blockchain. Read original article on U.Today