The meme coin that blessed life into a myriad of other similar cryptocurrencies has also been the subject of a lot of criticism.
Regardless the altcoin maintained its rise owing to its strong development team, a significant member of which has decided to step away from his position.
Ross Takes a Break
Dogecoin’s Core Developer Ross Nicoll in an announcement yesterday declared his resignation owing to multiple reasons.
Although he clarified that since finding his replacement as a Director will be a difficult and lengthy process, he’ll be continuing in his position for the next 4-8 weeks.
Stating his reasons for the departure from the Foundation, Ross stated:
“Primarily the stress involved is overwhelming and I need to step back to focus on myself for a period. There is a further complication that my employer for my day job is moving into the blockchain space, leading to a risk of conflict of interest if I remain as a Director.”
The ‘day job’ mentioned here is his responsibilities as an SRE – SWE at Google where he has been employed for 9 months now.
Ross became a part of Dogecoin 8 years ago in 2014 where he volunteered to contribute code, handle testing as well as review code and interface with the Dogecoin community.
Before that Ross had been a part of multiple organizations such as Amazon, Dapper Labs, Oracle, as well as New York-based enterprise technology provider R3 where we worked as a developer, software engineer, and distributed systems manager.
Although Ross Nicoll did announce he will be stepping away from his current position, he will continue to remain an advisor to the Dogecoin Foundation.
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See all Dogecoin forecasts“The Foundation is operating in an extremely challenging environment, where every step of the way simple processes are significantly more complex than they should be, but it is moving forward… The alternative is returning to a situation where source contributors are exposed to legal risk with no entity to shield them, and I do not see that ending well.”
Dogecoin Continues On
The memecoin has kept is yet to find a consistent rhythm as right now the price action is losing all the gains made in the first week of February.
In the last 10 days, DOGE has dropped by 12.35%, still keeping itself restricted under the critical resistance of $0.1920. Although the altcoin was down by 2.69%, it certainly was not due to Ross Nicoll’s announcement.
