Dogecoin’s undergoing update while Elon Musk touts changes

    05 Sep 2021

    While DOGE’s price is hovering near the USD 0.30 level at the start of September after rising 35% last month, the Dogecoin team has released its latest update for all users. According to Billy Markus, co-founder of Dogecoin, it’s most useful for miners to download the update because they are the ones who “put transactions into the blocks they mine.”

    The “Dogecoin Developers” Twitter account announced the 1.14.4 release for all users, especially miners. This minor update introduces several improvements to the cryptocurrency. According to Dogecoin’s Twitter account, it includes: facilitating lower fees more attractive to users; bolstering synchronization time up to 2.5x, enabling speedier transactions; RPC “getpeerinfo” improvements; “GUI options to add peers and import private keys, and peer traffic visibility,” and better security.

    Tesla CEO Elon Musk, who is working with Dogecoin developers to bolster “transaction efficiency,” applauded the progress.

    This year, Musk emerged as one of Dogecoin’s biggest backers; he has repeatedly endorsed the meme-based Bitcoin rival, drawing the ire of the Bitcoin community. In July, speaking during a live discussion with Twitter’s Jack Dorsey and major Tesla and Bitcoin investor Cathie Wood, he elaborated on ideas he’d previously floated to use Dogecoin and Ethereum to “max transaction rates and lower transaction costs.”

    “There may be some merit in combining something like Ethereum and Dogecoin,” Musk said, hinting he owns some Ethereum tokens too.

    The Dogecoin community wants to hop on the Twitter bandwagon for payments. Twitter is reportedly in the process of adding Bitcoin payments to its Tip Jar feature, which has the potential to catapult the biggest cryptocurrency further into the mainstream. Dogecoin investors are looking to get on Twitter CEO Jack Dorsey’s radar and have their favorite meme coin included too.

    No word if Dorsey, a known Bitcoin supporter, will accept Dogecoin. However, it’s obvious that cryptocurrencies have been moving closer to wide-scale adoption, and fundamentals could be driving the price more than usual for this meme coin.

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