Charles Hoskinson, the co-founder of the cryptocurrency Ethereum, recently posted an eight-minute video about improving Dogecoin.
It’s full of technical jargon. But Hoskinson essentially explains that Dogecoin needs to improve its transaction speed and make it more similar to Bitcoin.
- He said if Dogecoin could get a “bitcoin-like system” it would produce around 10,000 transactions per second, which would only increase the amount of Dogecoin out there.
You can watch the eight minute video below or on Twitter. The video is full of cryptocurrency jargon and a bit in the weed. Below the video we will talk about why this is important.
Hoskinson apparently posted the video specifically for Elon Musk. He said he hoped the video would help the Dogecoin community and Elon Musk.
- “I wish him the best of luck in rebuilding this cryptocurrency with his super-elite engineers, whom he undoubtedly has as he is one of the richest men in the world,” he said, according to Benzinga.
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He added, “Thank you for entering our room and thank you for telling everyone that you are going to take care of this cryptocurrency and make sure it gets where it needs to go, and I am delighted on the great innovations you have come out in a year or two. “
Musk has hinted at a collaboration with Dogecoin in the past few days, as I wrote for Deseret News. Musk published a poll asking if Tesla should accept Dogecoin as a form of payment, just as he announced that Tesla would no longer accept Bitcoin for payments. He later said he was working with Dogecoin to improve cryptocurrency.
- “Together with Doge developers to improve the efficiency of the system transactions. Potentially promising, ”he tweeted.
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