<span style="font-weight: 400">Most recently, the team behind Dogecoin, DOGE Foundation, has recently <a href="https://foundation.dogecoin.com/posts/2021/08/advisory-statement-concerning-the-dogecoin-2.0-crypto-project/">clarified</a> that Dogecoin 2.0, which claims to be the upgraded version of DOGE, is not related to the original DOGE. Dogecoin 2.0 is reportedly a new project that has recently made an entry into the meme community and is a Defi token on the BSC chain.</span>
<h2><span style="font-weight: 400">DOGE Foundation Confirms Dogecoin and Dogecoin 2.0 Are Not Related</span></h2>
<span style="font-weight: 400">As posted officially on the Dogecoin website, it was revealed that DOGE 2.0 had no relation whatsoever with the original meme coin, <a href="https://www.cryptoknowmics.com/news/dogecoin-doge-price-notes-24-hour-double-digit-gains-as-dogecointo1dollar-trends/">Dogecoin</a>. The website post also outlined that the concerned community members had brought the existence of the former to its notice.</span>

<span style="font-weight: 400">There is no denying the fact that the investors would be confused between both of them and wanted to know whether or not is DOGE 2.0 related to the original Dogecoin. Though it has already been said by the team behind Dogecoin 2.0 that it is an upgrade of the original Dogecoin, it has no ties to the original Dogecoin.</span>

<span style="font-weight: 400">In addition to this, it should be noted that the foundation expressed support for new projects in the community but was required to protect its community from projects that could mislead them to think that they were investing in the original Dogecoin.</span>
<h2><span style="font-weight: 400">The Demerits of the Fast Rise of Dogecoin </span></h2>
<span style="font-weight: 400">We just can not avoid the fact that the rise in the popularity of Dogecoin has come with some demerits and disadvantages, and one of those is the number of projects coming out in the name of Dogecoin in order to make profits from the <a href="https://www.cryptoknowmics.com/news/dogecoin-jumps-13-after-elon-musk-pledges-to-make-it-superior-to-bitcoin/">huge popularity</a> of the coin.</span>

<span style="font-weight: 400">Moreover, it has been revealed by the foundation that they were in opposition to actors who were trying to register trademarks for Dogecoin.</span>

<span style="font-weight: 400">It added that the project is committed to remaining freely available for its community and will continue to make sure that the brand is owned by its community.</span>

Dogecoin and Dogecoin 2.0 Are Not Related, Clarifies DOGE Foundation

DOGE Foundation, has recently clarified that Dogecoin 2.0, which claims to be the upgraded version of DOGE, is not related to the original DOGE.

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

Dogecoin and Dogecoin 2.0 Are Not Related, Clarifies DOGE Foundation

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