Crypto Credits
Altcoin

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

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

[ad_1]

Yuri Molchan

Elon Musk continues Twitter discussion with DOGE developers on how to improve Dogecoin, offering them specific directions this time

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.

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.

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.



[ad_2]
Visit website

Related News

Bitcoin Cash (BCH) Price Near $262.52; 2 Day Down Streak Broken, Pin Bar Pattern Appearing on Chart

News

USD Coin (USDC) to expand to several new blockchains

News

Crypto Startup Flare Outlines Plan to Bring Smart Contracts to XRP, Says Bitcoin and Litecoin May be Next

News

People moves: AP7 adds to supervisory board; KPA Pension’s new CEO | News

News

Bitcoin Price Could See a Correction After Blasting Through $40k, LTC, ZEC, ZE

News

Mintable raises $13million to integrate carbon neutral NFT in XRP ledger

News