Instead of modifying the base Dogecoin Core protocol, Metallicus engineers built an independent parallel layer on top of the Metal Blockchain infrastructure. “It does not create a new coin or change Dogecoin Core itself,” Hayner emphasized, noting that DogecoinVM’s architecture fully preserves the original UTXO model.
“Your existing Dogecoin wallets/keys work the same way,” he added, confirming native compatibility with existing “D”-format addresses and users’ private keys. As a result, users will not need to change wallets to use the solution.
Plans for fintech and X: Where Metallicus wants to take Dogecoin
The technological leap is explained by the shift from energy-intensive Proof-of-Work to the Snowman consensus protocol (Proof-of-Stake). This has reduced transaction finalization time to 0.15–0.25 seconds, making throughput independent of strict block-size limits.
The mechanism works like a two-way bridge: the original $DOGE is locked on the main network, while a collateral-backed equivalent is issued inside DogecoinVM at a 1:1 ratio and can be withdrawn instantly.
Despite its global ambitions, Metallicus leadership is avoiding speculative hype around the launch while also working to implement SOC 2 security standards for the banking sector. At this alpha-testing stage, the source code is open on GitHub, but the system has not yet undergone an independent security audit.
“It is live in alpha/beta on Metal Blockchain mainnet… but capped for safety,” the team says. To minimize risks, the network has strict safeguards in place, limiting individual deposits to 100 $DOGE. Users are strongly advised to keep their asset balances small.
Still, the company indicates that the current launch is a foundation for future practical applications in the real world.
“The broader goal is practical use in fintech, banks, credit unions, and platforms,” Hayner said, highlighting the long-term potential of integrating fast cryptocurrency settlements into the payment services of social network X.