{"id":286091,"date":"2021-06-29T01:07:14","date_gmt":"2021-06-28T22:07:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/elon-musk-tweets-his-support-over-proposed-dogecoin-changes\/"},"modified":"2021-06-29T01:07:14","modified_gmt":"2021-06-28T22:07:14","slug":"elon-musk-tweets-his-support-over-proposed-dogecoin-changes","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/elon-musk-tweets-his-support-over-proposed-dogecoin-changes\/","title":{"rendered":"# Elon Musk tweets his support over proposed Dogecoin changes"},"content":{"rendered":"<p>&#8220;<strong># Elon Musk tweets his support over proposed Dogecoin changes <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvN2E4NmU0MTAtZDBkZC00YzY3LWI3ZWUtNTQ0ODI2ZmIwOTJjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Elon Musk, the at-times controversial SpaceX founder and stop-and-go crypto supporter,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1409372298029584385\">voiced<\/a> his support late Sunday for a set of major updates to the Dogecoin (DOGE) blockchain. The changes would drastically redesign the cryptocurrency\u2019s software architecture and alter its token economics.<\/p>\n<p>The popular \u201cjoke crypto\u201d <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be gearing up to become a serious utility coin after a massive influx of capitalization earlier this year. It remains to be seen whether the updates Musk supports would be good or bad for the coin\u2019s holders should they be adopted.<\/p>\n<p>In a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Reddit<\/a> thread Sunday, Dogecoin Core developer Patrick Lodder <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/old.reddit.com\/r\/dogecoindev\/comments\/o94p6j\/fee_policy_change_proposal\/\" data-amp=\"https:\/\/amp-reddit-com.cdn.ampproject.org\/c\/s\/amp.reddit.com\/r\/dogecoindev\/comments\/o94p6j\/fee_policy_change_proposal\/\">summarized<\/a> the proposed updates:<\/p>\n<blockquote><p>\u201cThis proposal to all dogecoin stakeholders suggests to reduce average fees 100x for standard transactions on the dogecoin chain, split full control over all aspects of fees between miners and node operators, rely less on core development, and bring back a functional (small) free transaction space that incentivizes keeping the network healthy.\u201d<\/p><\/blockquote>\n<p>Lower fees may attract more users looking to use Dogecoin for cash checking, remittances, and merchant payment settlements online. It may also lower the incentive for miners to maintain, validate, update, and secure the Doge blockchain.<\/p>\n<p>Elon Musk told Dogecoin Core developer Ross Nicoll in a tweet Sunday night that these changes are, \u201cImportant to support.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Important to support<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1409372298029584385?ref_src=twsrc%5Etfw\">June 28, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Charles Hoskinson \u2014 who cofounded Ethereum with Vitalik Buterin, and founded competing blockchain Cardano \u2014 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/lexfridman.com\/charles-hoskinson\/\">said<\/a> in a recent podcast that he\u2019s just glad Musk is stirring the pot for Dogecoin, even when he\u2019s just goofing on it.<\/p>\n<p>Hoskinson said he hopes the attention will prompt \u201creal developers\u201d to come in and \u201cstart working on doge to create some use and utility for it, so at least it has a value floor and won&#8217;t collapse.\u201d<\/p>\n<p>Dogecoin got a price bump from Elon Musk\u2019s tweet, rising from $0.242 (USD) to as high as $0.266 before settling in under key resistance around the $0.260 level at time of publication.<\/p>\n<p>Musk\u2019s ability to move markets with the tap of the tweet button led a former Bitrefill executive to joke, \u201cSay something, Elon Musk!\u201d last week with the DOGE price down for six consecutive weeks. That was after peaking in May along with the rest of the cryptocurrency market, though Dogecoin outshone most of its competition during the recent (and arguably ongoing) bull run.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/elon-musk-tweets-his-support-over-proposed-dogecoin-changes\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Elon Musk tweets his support over proposed Dogecoin changes &#8221; Elon Musk, the at-times controversial SpaceX founder and stop-and-go crypto supporter,\u00a0voiced his support late Sunday for a set of major updates to the Dogecoin (DOGE) blockchain. The changes would drastically redesign the cryptocurrency\u2019s software architecture and alter its token economics. The popular \u201cjoke crypto\u201d&#8230;<\/p>\n","protected":false},"author":1,"featured_media":286092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvN2E4NmU0MTAtZDBkZC00YzY3LWI3ZWUtNTQ0ODI2ZmIwOTJjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,86883,39394,72927,4965],"class_list":["post-286091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-dogecoin","tag-elon-musk","tag-fees","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/286091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=286091"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/286091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/286092"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=286091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=286091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=286091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}