Elon Musk in Support of Dogecoin Fee Change Proposal

Last Updated: 2 July 2021

An expense change proposition for Dogecoin has been submitted, and Tesla CEO Elon Musk said it is essential to help it. This archive proposes another expense design and strategy for Dogecoin Core, to be step by step sent to the organization over numerous product discharges, said the Dogecoin engineer who presented the proposition.

Dogecoin Fee Change Proposal Should Be Supported says Elon Musk

Tesla CEO Elon Musk has flagged his help for the Dogecoin expense strategy change proposition submitted Sunday. Programmer and Dogecoin engineer Ross Nicoll posted on Twitter that the Dogecoin expense change proposition is up. Musk answered his tweet: Imperative to help. Dogecoin designer Patrick Lodder put together the Dogecoin charge strategy change proposition. This report proposes another charge design and strategy for Dogecoin Core, to be progressively sent to the organization over numerous product deliveries,” his proposition peruses.

Elon Musk in Support of Dogecoin

He clarified on Reddit: that this proposition to all dogecoin partners recommends to diminish normal charges 100x for standard exchanges on the Dogecoin chain, split full command over all parts of expenses among excavators and hub administrators, depend less on the centre turn of events, and bring back a practical (little) free exchange space that boosts keeping the organization sound. Musk started looking at further developing Dogecoin back in May. He tweeted that he was working with Doge devs to develop framework exchange productivity further. Possibly encouraging.

The Tesla CEO likewise asked anybody to create Doge to propose thoughts on Github and the Dogecoin Reddit gathering. He tweeted in May: “Preferably, Doge speeds up block time 10X, builds block size 10X, and drops expense 100X. Then, at that point, it wins. The Dogecoin charge change proposition can be found here.

Elon Musk has been associated with cryptocurrency

Elon Musk has been associated with cryptocurrency for so long now. His electric car company Tesla revealed in early January that they have bitcoin holdings. Moreover, in March, Tesla started accepting bitcoin payments for its electric cars. This increased the value of bitcoin overnight. However, a month later, Tesla revealed that they wouldn’t be accepting bitcoin payments anymore because of environmental issues. At that time, Elon Musk conducted a poll on his Twitter account, asking followers if his electric car company should start accepting Dogecoin payments or not. More than 70% of people were in support of it.

Moreover, dogecoin developers revealed that Elon Musk is in contact with them to improve Dogecoin. This was also the time when Elon Musk was supporting Dogecoin. Now again, Elon Musk is in the headlines as he asked people to support dogecoin fee change policies. In addition to that, a few weeks back, Elon Musk said that if he has the proof that more than 50% of green energy is being utilized for mining and transaction purposes, his electric car company Tesla will resume accepting bitcoin again. Despite the current market situation, Elon Musk was identified as a cryptocurrency supporter as he revealed that he and his company are still holding on to their bitcoin assets.

  • Luke Handt

    Luke Handt is a seasoned cryptocurrency investor and advisor with over 7 years of experience in the blockchain and digital asset space. His passion for crypto began while studying computer science and economics at Stanford University in the early 2010s.

    Since 2016, Luke has been an active cryptocurrency trader, strategically investing in major coins as well as up-and-coming altcoins. He is knowledgeable about advanced crypto trading strategies, market analysis, and the nuances of blockchain protocols.

    In addition to managing his own crypto portfolio, Luke shares his expertise with others as a crypto writer and analyst for leading finance publications. He enjoys educating retail traders about digital assets and is a sought-after voice at fintech conferences worldwide.

    When he's not glued to price charts or researching promising new projects, Luke enjoys surfing, travel, and fine wine. He currently resides in Newport Beach, California where he continues to follow crypto markets closely and connect with other industry leaders.

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