"What are you doing?”
"We build it on Doge.”
"Sorry, Doge, is that meme? Are you joking?”

You may have heard this conversation during the ETH Denver this year. Yes, you heard that right. There is a team that is actively building on the Doge network. Why should you pay attention to this matter? Well, if you miss the wave of bitcoin order numbers (Bitcoin ordinals), you may need to focus more on "Doginals."

Ash and his co-founder Rashed began this new adventure under an incubator called the Bitcoin Startup Lab (Bitcoin Startup Labs). Like any of their hatchers, Ash and Rashed are exploring the opportunity to build something on Bitcoin. Since Casey Rodarmor experimented with the bitcoin order number —— by basically putting data on the bitcoin network, making bitcoin more than just a value storage medium, the bitcoin space has gained significant attention.

Dogecoin (Dogecoin) and the Bitcoin network actually share a consensus mechanism, called proof of work (PoW), in which miners compete to solve cryptography problems to validate transactions and add new blocks to the blockchain. This process involves validating transactions against the Unspent Transaction Output (UTXO) model, which tracks the ownership of coins by recording the input and output of each transaction.

During incubation, Ash and Rashed discover opportunities to build on the Doge, and also discover how fragmented the Doge network is. It started out as a terrier, and its infrastructure was actually a terrier. So what happens if we introduce the concept of computing and put the data on the Doge stem? Ash asked himself... that got him and his co-founders passionate about building things on Doge, essentially transforming the value of Doge memers into a store of value beyond the memers.

If you think it sounds good, this conversation is all right for you!

Hi Ash, can you introduce your background and your project DoggyFi to our readers?
Ash: I'm employee No 0 of Doggy Fi. My partner, Rashad, is Employee 1. We previously worked as builders in the Ethereum and Caldano ecosystem. Now, we plan to build a DeFi stack on Doge. This may seem a little weird or unconventional.

Why did you choose to build it on the Doge? What is your story?
Ash: People often ask us, " Why do you choose to develop it there?" In essence, Rashad and I both originally came from traditional financial backgrounds. Later, we became DeFi developers; I worked in the Ethereum and Caldano projects. Ultimately, we all recognize the potential of exploring new areas for development. We are particularly interested in exploring different platforms, and the most obvious choices include Solana, Sui, etc. However, these may seem far too predictable for us.

We had the opportunity to attend an event at Stanford University, where we met the Albert. He's about to launch Bitcoin Startup Labs and is looking for DApps to join. He suggested that we apply to their incubator, which looks more feasible in terms and conditions than other incubators such as Y Combinator (YC). Given our interest in building on Bitcoin, we decided to try to apply to their incubator rather of a YC or similar accelerator.

To our delight, we were accepted by the incubator. There, we explored various UTXO stacks and quickly realized the great potential of construction in this space. This encourages us to aim for fully owning the value stack. After further exploration, we found that Doge, which is closely related to Bitcoin, provides a viable platform for DeFi tools, more so than ordinal numbers or Bitcoin L1. Despite its utility, the Doge ecosystem seems to be undeveloped, presenting a $26 billion market waiting for innovation.

So, we started our project about two and a half months ago, and now we are about to launch on testing online in about two weeks, which is very exciting.

So are you restoring the Doge ecosystem in a strategic way?
Ash: Indeed, our focus is on innovation at the infrastructure and protocol level. We have a key insight into DRC20s, essentially a derivative of the Bitcoin order number BRC 20 deployment. The DRC 20 concept revolves around deploying multiple data types directly to the blockchain to enable computing within the UTXO mechanism without the traditional smart contract requirements.

We observe that the "Doginals" asset market operates through auction-style and stock-like market trading platforms. Users buy tokens for sale, but they find that they can only sell the exact number of tokens at a predetermined price. This system is very different from platforms like Uniswap, which allows users to freely exchange tokens and participate in the liquidity pool in their own judgment.

This rigid structure leads to the fragmentation of liquidity and the inefficiency of many markets. Recognizing this, we see an opportunity for not only innovation but also for radical reform. Our main goal is to address these liquidity problems, enabling a range of financial products, ranging from lending services to derivatives.

The cornerstone of our strategy was the introduction of switching functions, initially focused on AMM-style switching. Our commitment to open and license-free innovation means that we plan to open source our technology at the test network stage and once the system is stable. This will enable developers to use our technology stack for their projects, such as building decentralized exchanges.

Doge is partly attractive for its notorious; it is known to be a joke that becomes serious when it contains $11 billion in capital. The ordinal market, which has been active since January, now has $1 [] 200 million, marking its legitimacy.

Historically, Doge has seen various ambitious projects that have not been fully successful. However, the emergence of ordinal last year created new possibilities for computational protocols on Doge. It is worth noting that there was a faction within Doge that resisted these developments and advocated for the status quo. However, Rashad and I support the post-red hypothesis from evolutionary biology, which suggests that continued evolution is necessary even to maintain the status quo. This perspective emphasizes the importance of adaptation and innovation maintaining relevant.

We are convinced that the pursuit of computational progress is essential to maintaining relevance in the current era, driving experiments and evolution beyond the simple notion of Doge as merely a meme or static proof of value. Embracing this computational paper means supporting experiments to find what works and what is ineffective, which is crucial for progress and maintaining relevant in the next phase of Web 3. It's a bold journey, but that's the path we're excited to explore.

We are essentially developing a decentralized application for Doge's infrastructure. Indeed, our goal is to promote construction within this ecosystem. By choosing to open source our work, we aim to give the right to anyone interested so that they can quickly set up and start experimenting with various innovative concepts. This approach is designed to encourage diverse ideas and solutions within the community.

So you talked about two concepts. One is an ordinal number, and the other is a calculation paper. For those of unfamiliar people, how are they connected? Why do they have the power?
Ash: The computing paper suggests that in the blockchain space, networks should not be limited to storage as value, such as the role bitcoin has traditionally seen as. This view challenges the notion that Bitcoin or any blockchain asset should be just a commodity. Unlike Ethereum, which is not only seen as an asset, but also serves as a basic network to facilitate the development of various applications through its "fuel" system, where the network value like Ethereum comes from the ecosystem of protocols and tools built on it.

The essence of computational papers is the need to foster an ecosystem that can thrive and innovate on the web. This is shown by Casey Rodarmor introducing an ordinal number. Ordering opens up a new way of thinking about data on the chain, inspiring the idea that blockchain can carry more than just transactions and simple data points. The project aims to embed actual data, such as NFT, directly onto the blockchain, going beyond the limitations of off-chain storage solutions. This approach opens up the possibility of hosting a wide range of data types on the chain, from NFT to tokens, poems, and even the entire game.

An example of computational paper practice is the recent achievement of putting the game Doom on the Doge blockchain. This development is remarkable because it demonstrates that blockchain can not only serve as a ledger for financial transactions; it can also host complex applications. This innovation not only demonstrates the technological capabilities of Doge blockchain, but also represents an important step in the evolution of blockchain technology, moving toward a more dynamic and versatile ecosystem.

How did you and your co-founders bring value to Doge through "Doginals" and computational discourse?
Ash: We see ourselves as a pioneer, directly responding to the challenges of mobility issues in the blockchain ecosystem. Our broader goal is to promote the development of the DeFi stack on the Doge platform to improve the overall ecosystem with quality tools. This improvement will not only add value, but also attract developers from different backgrounds to consider Doge as a viable platform for innovation. This is a pretty exciting prospect.

Today, for example, at a hackathon event, my partner are deploying a bridge. The technology will make it possible to reverse transfer inscriptions between Litecoin or Bitcoin and Doge. The integration of replacement tools and markets within this framework opens up unprecedented liquidity options and innovation opportunities that were previously unimaginable. This initiative is based on the capabilities enabled to calculate papers and ordinal, which play a key role in allowing such advances to unfold.

It's very much like building a city.
Ash: Indeed, our vision is not just to create an isolated field; our goal is to build an inclusive city of innovation. We are laying the first brick to lay the foundation, but we eagerly invite others to join us and build a subsequent brick. Our desire is for contributors from all walks of life to build their own communities in this city, creating the unique interpretations they find as special and cool. This collaborative approach is at the heart of our philosophy, encouraging a diverse and thriving ecosystem in which creativity and innovation are unlimited.

How do you provide education to people in a more unique multi-chain world? How do you attract users?
Ash: Of course, choosing Doge as the platform for our project is a compelling reason. Its global recognition is unmatched; everyone knows what Doge is, making it a unique option to build a DeFi stack. In activities like ETH Denver, when we mention our work on Doge, the surprises and doubts we encounter only further stimulate interest and curiosity. The reaction itself has triggered a series of thought-provoking discussions.

The Doge blockchain presents some interesting trade-offs compared to other blockchains, such as its one-minute block time. These differences make some implementations more suitable for Doge, highlighting the need for specialized tools. Our goal is to create such tools that encourage developers to naturally favor Doge because of their global visibility, which is further reinforced by the Doge meme. It's not about the need to teach a new ecosystem; brand recognition does most of our work.

Starting construction on Doge may have initially been a joke, but the potential for serious development and having a substantial impact is real. Financial support and the user base prove its legitimacy. The number of users who hold and actively use Doge is staggering.

Moreover, the interest in Doge from key people and platforms in the tech world, such as Elon Musk's love for Doge, will only add to its appeal. Doge is used as a payment channel for one of the world's largest social networks, or the whimsical idea of wrapping Doge on a rocket to Mars, demonstrating widespread enthusiasm and support for Doge.

Our ambition is to develop tools that can inspire and enable anyone to build on the Doge, turning this meme into a platform that is truly practical and innovative. The vision of creating a creative, dynamic developer ecosystem around Doge is not just exciting; it's a game changer.

You will have a demonstration day for your project on March 15th. What's your plan after that?
Ash: Our goal is clear: we aim to support and enhance the capabilities of developers, especially those working with the DRC-20 token on the Doge.

Our immediate plan involves deploying to the test network to ensure that everything works as expected. Once we confirm the stability of the system, we intend to open source our platform to make it widely available. We plan to announce this release on Twitter and share our warehouse and comprehensive documentation. This will enable developers to understand how to build on our platform, including creating their own DEX. We invite everyone to go deep in and start building.

Furthermore, we are willing to provide educational support. If you're interested in learning how to deploy apps on our platform, we will be more than happy to provide presentations or even host an instructional course.

Joining our test network provides a unique opportunity to use the DRC-20 token on Doge and have advance access to tools that simplify the development process. This initiative is more than just a test of —— It is a joint effort designed to shape the future of our platform. User feedback is very important to us because our goal is to make blockchain technology more accessible to developers around the world. At this critical stage, user insights will directly impact our improvements, ensuring that our platform meets and exceeds the needs of developers. So, let's build something extraordinary together!