Tesla’s CEO Elon Musk continues directing developers to make Dogecoin or DOGE superior as compared to Bitcoin and Ethereum over Twitter.
Elon Musk is often regarded as the most powerful Dogecoin supporter. On July 9, he tweeted that after the significant update, DOGE will be superior to Bitcoin and Ethereum since the meme coin will provide considerably quicker and cheaper transactions than these top-tier blockchains.
This forthcoming DOGE update is anticipated to speed up the coin's base layer transactions while also lowering costs.
Pranay Pathole, an IT engineer, responded to his post by saying that Dogecoin is already 15 times quicker than Bitcoin. He did, however, mention that increasing block speed tenfold will be difficult.
In reaction to Musk's Friday post promising to make DOGE quicker and cheaper than BTC and ETH, two Bitcoin community leaders, Gabor Gurbacs and Samson Mow noted that one detail appears to have escaped Musk's attention - Dogecoin is merge-mined with Litecoin.
Transactions between LTC and DOGE are sluggish, however, LTC is mined in conjunction with DOGE. In 2014, this was done to prevent 51% of DOGE assaults. If the transaction speed of the meme coin is to be increased, developers will need to first hard fork DOGEs from Litecoin.
Musk is still discussing the future of Dogecoin. He believes that to remain relevant in the world of online payments, meme money needs to strengthen its basic layer.