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Blue Pepper has shared a slew of new details about the much-anticipated Dogecoin-Ethereum bridge in a recent blog post <\/p>\n<\/div>\n<\/div>\n
The Dogecoin-Ethereum bridge is expected<\/a> to go live in 2022, according to Blue Pepper, the entity behind its development.<\/p>\n 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. \u00a0\u00a0\u00a0\u00a0<\/p>\n 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. \u00a0<\/p>\n Blue Pepper also outlined the top problems with developing a Dogecoin bridge.<\/p>\n First of all, developers have to grapple with a massive Solidity codebase and a huge number of attack vectors that could be used for hacking the bridge. \u00a0<\/p>\n Blockchain bridges have become one of the top targets for attackers, losing billions of dollars worth of crypto. As reported by U.Today<\/a>, 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.<\/p>\n If there\u2019s a vulnerability in the smart contracts, it is almost certain that a hacker will take advantage of it, which is why blockchain bridges are so vulnerable. \u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n Other challenges faced by the developers of the Dogecoin bridge include the rise of Ethereum gas prices and the reluctance of the required actors to participate. \u00a0\u00a0<\/p>\n In late May, Dogecoin Core developer\u00a0Michi Lumin\u00a0said<\/a> that he had had a meeting regarding the bridge.<\/p>\n