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Elon Musk Says New Dogecoin Update Is "Important"

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Mon, 11/08/2021 - 20:33
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Alex Dovbnya
Elon Musk has already weighed in on the most recent Dogecoin update
Elon Musk Says New Dogecoin Update Is "Important"
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Elon Musk has already shared his take on Dogecoin’s most recent software update, calling it “important” in a new tweet.  

The billionaire’s comment came shortly after the much-hyped release of Dogecoin Core 1.14.5.

As reported by U.Today, the hotly anticipated upgrade finalizes fee reduction for all users.

Relay defaults were introduced in the previous minor version of the software, which was the first phase of the process. The goal was to prepare the network for the most recent upgrade.

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During the second and final stage, the default fee rate of 0.01 DOGE per kilobyte has been set in the official Dogecoin wallet, and third-party wallet providers are likely to follow suit.

Musk, who recently said that he would become the first Dogecoin trillionaire, opined that the canine cryptocurrency would be able to win “hands down” against Bitcoin with significant performance improvements.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.