A Meeting of Minds in Geelong
Two of Dingocoin’s Guardians, Dingoanna and Sean, recently met in Geelong, Australia—a city known for its forward-thinking culture and history of transformation. While the gathering itself might be brief, it symbolizes something bigger: Dingocoin taking its final technical step towards its purpose: A fast and scaleable Dingocoin.
As posited by Vitalik Buterin in his theory of the Blockchain Trilemma, there is supposedly a trade-off between Decentralization, Security and Scalability. Our last step in conquering the Blockchain Trilemma is scalability. Just like the real-world Dingo has a lean, hardy body adapted for speed, agility, and stamina, Dingocoin is a lean, resilient coin adapted for decentralization, security and scalability.
For years, Dingocoin has focused on nurturing a truly decentralized and secure network—a fair-launch PoW coin that anyone can mine, own, or help improve. In recent months, we have become one of the most secure blockchains in existence, by leveraging the power and economics of Scrypt miners that see a self-interest in mining Dingocoin.
Now, the last piece we’ve been planning all along—increasing speed and throughput—is set in motion. The Geelong Agreement sets in motion the will of the Dingocoin project, solidifying our path to 330 TPS and beyond in the months ahead.
What’s Changing
- 10 MB Block Size & Higher TPS
The block size limit will be raised to 10 MB, laying the groundwork for 330 TPS. This lets Dingocoin handle a heavier load—everything from quick tips to global online shopping, and is in line with what Elon Musk proposed for our ancestor Dogecoin. - Updated Code & Fee Estimation
A thorough code audit will refine how fees are calculated, ensuring the network remains easy and affordable to use. - Timeline & Rollout
Development is expected to wrap up over the next two to three months, followed by a test period and final mainnet release planned in the first half of 2025, a realistic target for seeing these changes in action.
Why Geelong Matters
Geelong, sometimes referred to by its Aboriginal name “jillong,” meaning “land of the native companion,” has evolved from its industrial roots into a modern tech hotspot—mirroring Dingocoin’s journey from a meme-inspired project to a real contender in everyday crypto payments. This in-person meetup isn’t just about hashing out details; it’s a symbolic moment, marking the start of implementing the final piece: higher transaction capacity.
Why It Completes the Puzzle
Dingocoin had a fair launch with no premine, merges its security with the existing Scrypt ecosystem (Litecoin & Dogecoin), and runs governance as a do-ocracy—anyone can propose, build, and launch updates if the community supports it. The missing piece was scaling beyond the original block size and speeds. By boosting throughput to 330 TPS and beyond, Dingocoin:
- Keeps fees low and transactions fast, ideal for micro-payments, tipping, casual cross-border trades, or even bigger retail scenarios.
- Preserves its decentralized roots, as merging with the Litecoin/Dogecoin mining pool means a high cost-of-attack, so security won’t be compromised.
- Stays community-led, reflecting ideas from multiple Guardians, testers, and developers all working together.
Looking Ahead
The Geelong Agreement is more than just an announcement—it’s the start of bringing Dingocoin’s speed in line with its already proven decentralization and security. As the updates roll out over the next few months, expect improved performance, upgraded wallet features, and an even friendlier experience for new and existing users alike.
Ultimately, Dingocoin moves closer to its core vision: a fast, accessible, and resilient coin that anyone, anywhere can rely on—whether for micro-transactions, global tipping, or simply the joy of using a coin built on fairness and community spirit.
—The Dingocoin Guardians