Dogecoin-Ethereum Bridge Expected to Go Live in 2022
The Dogecoin-Ethereum bridge is expected to go live in 2022, according to Blue Pepper, the entity behind its development.The bi-directional bridge will allow users to move Doge to the Ethereum blockchain (and vice versa). The meme coin will be used in smart contracts, decentralized finance protocols, and non-fungible token marketplaces.
The Dogecoin Foundation, Blue Pepper, MyDoge, and BitGo will be the genesis members of the decentralized autonomous organization (DAO) that will be responsible for governing the protocol. Blockchain bridges have become one of the top targets for attackers, losing billions of dollars worth of crypto. As reported by U.Today, North Korean hackers allegedly drained Axie Infinity's bridge of a whopping $625 million earlier this year. In fact, according to Chainalysis, blockchain bridges account for the majority of crypto funds that have been stolen in 2022 so far.
Source
@Doge_ShibaInu
