Main navigation

Elon Musk Explains Why Dogecoin Will Be Superior to Bitcoin and Ethereum After Its Big Upgrade

Advertisement
Fri, 9/07/2021 - 8:10
Elon Musk Explains Why Dogecoin Will Be Superior to Bitcoin and Ethereum After Its Big Upgrade
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Tesla CEO Elon Musk has once again weighed in on cryptocurrency scalings wars.

In his recent reply to a tweet posted by prominent Dogecoin community member Matt Wallace, the centibillionaire claims that both Bitcoin and Ethereum have slow and expensive base layers. Hence, they require a multilayer transaction system in order to function properly. 

Advertisement

Meanwhile, Dogecoin is poised to maximize the speed of base layer transactions while minimizing costs.

Related

As reported by U.Today, Musk recently voiced his support for a fee reduction proposal that could dramatically enhance the meme coin’s scalability.

The entrepreneur's most recent take was met with some fierce criticism within the cryptocurrency community.

Bitfinex CTO Paolo Ardoino jokingly suggested that the billionaire should build rockets with “spit and paper” to make them cheaper.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD