Advertisement
AD

Main navigation

Elon Musk Offers Devs Specific Directions on Making Dogecoin Superior to Bitcoin and Ethereum

Advertisement
Sat, 10/07/2021 - 12:12
Elon Musk Offers Devs Specific Directions on Making Dogecoin Superior to Bitcoin and Ethereum
Cover image via U.Today
Read U.TODAY on
Google News

Tesla chief executive Elon Musk who is known to be the most influential Dogecoin fan. On July 9, he published a Twitter post, suggesting that after the major upgrade DOGE will become superior to Bitcoin and Ethereum as the meme coin will offer much faster and cheaper transactions than these top-line blockchains.

Advertisement

This upcoming upgrade of DOGE is expected to boost the speed of the coin’s base layer transactions and bring down the fees at the same time.

In response to his tweet, an IT engineer Pranay Pathole wrote that Dogecoin is already 15 times faster than Bitcoin. However, he pointed out that making block speed ten times faster is going to be hard.

Elon responded, suggesting a way how DOGE devs should implement this task. He tweeted:

In response to his Friday’s tweet that promised to make DOGE faster and cheaper than BTC and ETH, two Bitcoin community influencers, Gabor Gurbacs and Samson Mow, tweeted that one nuance seems to be forgotten by Musk – Dogecoin is merge-mined with Litecoin.

Related
Elon Musk’s Tweet About Marvel’s Loki Turned into Floki Inu Pump by Meme Coin's Fans

Litecoin’s transactions are also slow but LTC and DOGE are mined together. This was done in 2014 to prevent 51 percent attacks against DOGE.

Now, if the meme coin transaction speed is to be boosted greatly, developers would have to hardfork DOGE from Litecoin first or suggest another solution.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
ApeX Protocol Partners with Alertatron to Enhance Automated Trading Capabilities
TeachMeCode Institute Announces Grand Opening of Cutting-Edge Dubai School
Our social media
There's a lot to see there, too

Popular articles