Elon Musk Endorses Proposal to Change Dogecoin Fees

A proposal has been made to change the Dogecoin fee, and Tesla CEO Elon Musk says it is important to support that. “This document proposes a new fee structure and policy for Dogecoin Core, which will gradually be rolled out online across multiple versions of the software,” said the Dogecoin developer who introduced the proposal.

Elon Musk supports the proposal to change the Dogecoin fee

Elon Musk, CEO of Tesla, signaled his support for the Dogecoin fee policy change presented on Sunday. Dogecoin software engineer and developer Ross Nicole posted on Twitter that “Proposal has been made to change Dogecoin fees.” Musk replied to his tweet: “Very important to the support.”

The proposal to change the Dogecoin fee policy was made by Dogecoin developer Patrick Lauder. “This document proposes a new fee structure and guideline for Dogecoin Core, which will be introduced gradually in several versions of the software,” says the proposal.

He stated on Reddit:

This proposal to all Dogecoin stakeholders suggests a 100x average fee reduction for standard Dogecoin transactions in order to share full control of all aspects of fees between miners and miners. which stimulates keeping the network strong.

Elon Musk supports the proposal to change the Dogecoin fee Musk started talking about improving Dogecoin in May

He tweeted that he is working with Doge developers to improve the efficiency of system transactions. Has promising potential.

The Tesla CEO also urged anyone interested in helping Doge develop it to submit ideas to Github and the Dogecoin Reddit forum.

“If you’d like to help Doge develop it, please submit ideas on GitHub and http://reddit.com/r/dogecoin/.”

It seems that Musk’s testimony got a lot of feedback, as an hour later, Twitter users read an interesting tweet: “Someone suggested changing the Dogecoin fee based on the phases of the moon, that’s pretty amazing haha.”

SpaceX founder Elon Musk has repeatedly hinted on Twitter – possibly jokingly – that Dogecoin will be the first cryptocurrency to reach the moon. In a recent announcement, SpaceX also said that its commercial satellite could reach the moon with a SpaceX Falcon 9 rocket as early as the first quarter of 2022.

Dogecoin is the official currency used to fund this project. So Musk said that Doge will go to the moon. And if that happens, suggesting “someone” to change Doge’s cost based on the lunar cycle could well make the hilarious billionaire Musk think about it!

In May, he tweeted: “Ideally, Dodge will speed up block times by 10 times, block size by 10 times, and reduce fees by 100 times. Then he won his hand.

And Musk fully endorsed Dogecoin developer Patrick Lauder’s proposal to change Dogecoin fees and thinks this is an important thing that should be supported.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and exchange information about the crypto currency market.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.