DogeLabs to Update Dogecoin Node to Reflect Newly Released Version 1.14.5

Rhea-AI Summary

AppSwarm, Corp. (SWRM) announced updates on Dogecoin projects, including an upgrade to Dogecoin Core 1.14.5. The update features a reduced minimum transaction fee of 0.01 DOGE/kb, which aims to enhance the acceptance of Dogecoin for payments. Security improvements were also introduced, addressing vulnerabilities such as remote code execution and sensitive information exposure. Additionally, AppSwarm is exploring integration opportunities for Dogecoin payments and has received new Scrypt ASIC miner rigs, with plans to scale operations by Q4 2021.

Positive

• Introduction of Dogecoin Core 1.14.5 with reduced transaction fees.
• Potential for increased acceptance of Dogecoin as a payment option.
• Acquisition of Scrypt ASIC miner rigs to enhance mining capabilities.

Negative

• None.

Tulsa, OK, Nov. 09, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- AppSwarm, Corp. (OTC: SWRM), a software development company and aggregator of mobile applications, announces updates on Doge projects, and plans to update to Dogecoin Core 1.14.5.

Dogecoin Foundation released their much-awaited update of Dogecoin Core 1.14.5 on their Github repository. https://github.com/dogecoin/dogecoin/releases/tag/v1.14.5

The most noteworthy change in core version 1.14.5 is the transaction fee reduction.

Fee Reductions

- The recommended minimum transaction fee is 0.01 DOGE/kb, and

- The recommended dust limit is 1 DOGE, and

- The recommended RBF increment is 0.001 DOGE

Tom Bustamante, Founder of DogeLabs, commented, "With the new core wallet’s block inclusion fee set at 0.01 DOGE/kb this could set the stage in making Dogecoin more readily accepted as a payment option. This has been a much needed and exciting update to the Dogecoin network and should position further application development from this point forward. DogeLabs sends its congratulations to the Dogecoin Foundation and all the developers across the globe working hard to improve the Dogecoin project.”

Security Updates

- Remote Code Execution in Dogecoin QT (CVE-2021-3401)

- Sensitive Information Exposure on Unix platforms (CVE-2019-15947)

Other changes

- Updated Berkely DB to 5.3 and OpenSSL to 1.0.2u.

- Updated the HD wallet derivation path to be compliant with SLIP44

- Updated the FreeBSD build

- Added a getting started guide (https://github.com/dogecoin/dogecoin/blob/master/doc/getting-started.md)

DogeLabs will now be updating its full node from 1.14.4 to new 1.14.5 version.

Dogecoin App Payments

The company continues to explore potential integration of Dogecoin with our recent partner as a possible payment feature to allow individuals and companies to accept Dogecoin as payment for goods and services.

Dogecoin Mining

The company has received the first Scrypt ASIC miner rigs, which are now being configured for operation by the team in the coming days. The goal is to configure these first initial rigs, and then scale up rapidly into the end of the fourth quarter.

For updates on these projects please register at https://dogelabs.io/investors/

About DogeLabs

DogeLabs is a blockchain research lab and startup accelerator located in New York City and Tulsa, OK, focused on developing commercial applications around the Doge protocol. https://dogelabs.io/

About APPSWARM

AppSwarm is a technology company specializing in accelerated development and publishing of mobile apps and other software platforms for gaming and business applications and seeks to acquire symmetric business opportunities. AppSwarm partners with and assists other development firms in technology development, business management, and funding needs.

For more information, visit us at www.app-swarm.com or follow us on www.facebook.com/AppSwarm Twitter https://twitter.com/AppSwarm or Instagram https://www.instagram.com/appswarm/

Forward-Looking Statements:

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements that are subject to risk and uncertainties including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk, and other risks detailed from time to time in the Company's filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause SWRM's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.

Investor and Media Contacts:

AppSwarm, Corp.
888-886-8583
info@app-swarm.com

FAQ

What updates did AppSwarm announce regarding Dogecoin on November 9, 2021?

AppSwarm announced an upgrade to Dogecoin Core 1.14.5, featuring reduced transaction fees and security enhancements.

What is the new minimum transaction fee in Dogecoin Core 1.14.5?

The new minimum transaction fee is set at 0.01 DOGE/kb.

How does the new Dogecoin update affect its payment acceptance?

The reduced transaction fee aims to promote greater acceptance of Dogecoin as a payment method.

What security improvements were made in Dogecoin Core 1.14.5?

Security updates addressed vulnerabilities including remote code execution and sensitive information exposure.

What is AppSwarm's plan regarding Dogecoin mining as per the latest announcement?

AppSwarm received Scrypt ASIC miner rigs and plans to scale operations by the end of Q4 2021.