Instead of making changes to the core Dogecoin protocol, engineers at Metallicus have developed a separate parallel layer built on top of the Metal Blockchain infrastructure. This layer, known as DogecoinVM, does not alter the original Dogecoin Core and maintains the UTXO model.
Existing Dogecoin wallets and keys will continue to function as usual with DogecoinVM, ensuring native compatibility with current “D”-format addresses and user private keys. Users will not be required to switch wallets in order to utilize this solution.
Future Plans for Dogecoin with Metallicus
The transition from energy-intensive Proof-of-Work to the Snowman consensus protocol (Proof-of-Stake) has significantly enhanced transaction finalization speed to 0.15–0.25 seconds. This advancement has also made transaction throughput independent of strict block-size limitations.
The process operates as a two-way bridge, with original $DOGE being locked on the main network while a collateral-backed equivalent is issued within DogecoinVM at a 1:1 ratio and can be withdrawn instantly.
Despite its global aspirations, Metallicus leadership is focused on avoiding speculative hype surrounding the launch and is diligently working towards implementing SOC 2 security standards for the banking sector. While the source code is currently open on GitHub for alpha testing, the system has yet to undergo an independent security audit.
Although DogecoinVM is live on the Metal Blockchain mainnet in alpha/beta stage, there are safety measures in place, including limits on individual deposits to 100 $DOGE to mitigate risks. Users are advised to maintain small asset balances for added security.
However, the company envisions the current launch as a stepping stone towards practical real-world applications.
“Our ultimate goal is to facilitate practical usage in fintech, banks, credit unions, and various platforms,” stated Hayner, underscoring the long-term potential of integrating fast cryptocurrency settlements into the payment services of social network X.
