Dogecoin Improvements

Elon Musk, Tesla CEO, has shared his views on the most important improvements to dogecoin. Musk also stated that he has nothing to do with Dogecoin Foundation and that he is not investing in the Shiba Inu (SHIB token). Musk stated that he only has three cryptocurrencies.

Elon Musk on Dogecoin Improvements, Shiba Inu Token

Elon Musk, CEO of Tesla and SpaceX, posted several tweets Sunday about cryptocurrency, bitcoin and dogecoin.

Musk was asked about Dogecoin’s recent improvements and whether he has had any interactions with the Doge team. Musk admitted that he has not had any recent interactions with them, but he shared the following:

Billy Markus, co-creator of Dogecoin, responded to Musk’s tweet about Doge’s improvement. He stated that dogecoin is fast, scalable and easy to send around. Musk responded with a symbol of “hundred points”

Musk also answered a question from a Doge supporter: “Dogecoin, if it achieves the goals that you set forth here, then it could prove more practical and efficient than the Lightning Network as an exchange medium?”

The Tesla executive replied, “Maybe.” Bitcoin was created in a time when there was relatively low bandwidth and high latency. Both will continue to improve and we will eventually reach a point where no additional layer is necessary.

Musk and Mark Cuban, the billionaire owner of the NBA Dallas Mavericks team, agreed in August that the “community for doge” is the strongest when it came to using it as an exchange medium.

Musk clarified that he doesn’t have any connection to the Dogecoin Foundation on Sunday. This was in response to a Twitter comment that stated: “Jared Birchall is Elon Musk’s representative, but like all advisors, he does not possess direct voting rights. This ensures the foundation is independent and takes advantage of the expertise provided by shibes such as Elon.

By Alex Alena

Alex Alena has been the lead news writer at Cryptocurrency Updates. With a degree in communications, Matt has an uncanny ability to make the most complex subject matter easy to understand.