March 29, 2024

Elon Musk: Dogecoin can easily outperform Bitcoin

Elon Musk: Dogecoin can easily outperform Bitcoin

Almost overnight, Elon Musk turned from a popular favorite into a new crypto-antihero.

In hisIn a tweet, the CEO of Tesla criticized Bitcoin for its high energy consumption.It is "easy" to bypass the first cryptocurrency, provided that the "doggy" spendsa series of improvements.

In his opinion, Doge needs to speed up the block mining time by 10 times, increase the block size by 10 times and reduce the commission by 100 times. In this case, Dogecoin has every chance of becoming a worldwide currency.

The community is unsure whether Musk is "trolling" or not, and the comments are divided into serious and humorous. 

So one of the developers of Litecoin noted that if the Dogecoin network can create blocks of 10 megabytes every six seconds, then the network will become vulnerable to spam attacks.

The host of the Swan Bitcoin podcast stated that Musk does not understand cryptocurrencies. According to him, the inventor should continue to engage in missiles.

Maybe he knows something about missiles, but thank God he is not involved in the development of the protocols of our networks.

Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies