Tuesday, April 23, 2024

While Musk mentions Dogecoin improvements, developers are still working on scaling issues

Recently, Elon Musk (the founder of SpaceX and CEO of Tesla) explained and discussed the improvements he wishes to see in the codebase of “Dogecoin’s core”. The developers of Dogecoin have been trying to improve various elements and are working on the same. For example, fees, time of the transaction (a major factor in determining the growth of the currency), and process of mining. Many people have agreed with the recommendation by Musk of reducing the transaction fees for Dogecoin.

Recently, Elon Musk (the founder of SpaceX and CEO of Tesla) explained and discussed the enhancement he wishes to see in the codebase of “Dogecoin’s core”. The developers of Dogecoin have been trying to improve various elements and are working on the same. For example, fees, time of the transaction (a major factor in determining the growth of the currency), and process of mining. Many people have agreed with the recommendation by Musk of reducing the transaction fees for Dogecoin.

Musk’s suggestion to improve and the reaction by the developers

Elon Musk, some time ago tweeted and discussed the changes mentioning the fees of the currency in the “Dogecoin repository” which also caught the attention of many investors and traders. The developers of Dogecoin were also seen looking up to the suggestions that were put by Musk. There has been a lot of traffic since the time these suggestions were added by Musk. Some statistics reported 12 developers who are engaged in the core of Dogecoin to improve the core of Dogecoin.

The changes by the developers and Musk’s approach

The changes made by the developers do aim at reducing the fees of the transaction. However, along with this reduction, it will also bring freedom at the hand of operators and miners who practice the upper hand in the transaction. The developers are aiming at a development that will be divided into two stages. After the execution of the first stage of development, the release of the next stage will be processed which will ensure the lowering of fees of the transaction.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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