{"id":432266,"date":"2022-04-15T21:01:46","date_gmt":"2022-04-15T18:01:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dogecoin-can-become-internets-currency-robinhood-ceo-says\/"},"modified":"2022-04-15T21:01:46","modified_gmt":"2022-04-15T18:01:46","slug":"dogecoin-can-become-internets-currency-robinhood-ceo-says","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dogecoin-can-become-internets-currency-robinhood-ceo-says\/","title":{"rendered":"#Dogecoin can become internet&#8217;s currency, Robinhood CEO says"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a86616e415\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a86616e415\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dogecoin-can-become-internets-currency-robinhood-ceo-says\/#%E2%80%9CDogecoin_can_become_internets_currency_Robinhood_CEO_says%E2%80%9D\" >&#8220;Dogecoin can become internet&#8217;s currency, Robinhood CEO says&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CDogecoin_can_become_internets_currency_Robinhood_CEO_says%E2%80%9D\"><\/span>&#8220;Dogecoin can become internet&#8217;s currency, Robinhood CEO says&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>The top boss at Robinhood is bullish about dogecoin\u2019s outlook \u2014 proposing the meme token has the potential to become the \u201cfuture currency of the internet\u201d if the developers take a key step to improve its functionality.<\/p>\n<p>Robinhood CEO Vlad Tenev detailed the hypothetical in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/vladtenev\/status\/1514684174002634768\">a lengthy Twitter thread<\/a> after his retail investing platform added a feature allowing users to buy and sell dogecoin.<\/p>\n<p>Tenev noted dogecoin already has \u201cvanishingly small\u201d transaction fees when compared to traditional credit card network charges \u2013 an advantage \u201ccompared to the 1-3% network fees that major card networks charge.\u201d<\/p>\n<p>But in order to compete with the likes of Visa and other mainstream payment processors, Tenev said dogecoin developers would need to boost the crypto token\u2019s \u201cblock time,\u201d or the process by which it verifies transactions.<\/p>\n<p>Tenev said dogecoin\u2019s current block time is \u201ca bit on the long side for payments,\u201d with a platform capable of performing roughly 40 transactions per second (tps).<\/p>\n<p>\u201cAs a comparison, Visa\u2019s network can theoretically handle 65,000 tps,\u201d Tenev said. \u201cDoge would need to be able to significantly outperform Visa, which entails increasing throughput by at least 10000x. Fortunately, this is easy to solve simply by increasing the block size limit.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-wrapper twitter\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">As a comparison, Visa\u2019s network can theoretically handle 65,000 tps. Doge would need to be able to significantly outperform Visa, which entails increasing throughput by at least 10000x. Fortunately, this is easy to solve simply by increasing the block size limit.<\/p>\n<p>\u2014 VLAD (@vladtenev) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/vladtenev\/status\/1514684183842471955?ref_src=twsrc%5Etfw\">April 14, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/figure>\n<p>The Robinhood chief also pushed back on concerns that dogecoin would stoke inflation because it has an ever-expanding supply of tokens \u2013 claiming the currency\u2019s inflation rate is actually lower than the US dollar as of now.<\/p>\n<p>Dogecoin has gained popularity alongside other leading cryptocurrencies such as bitcoin and ether in recent years.<\/p>\n<p>A single dogecoin was worth about $0.15 as of Friday afternoon \u2013 with prices hovering near that point for much of 2022, according to Coinbase. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/robinhood-ceo-dogecoin-visa-compete-internet-currency-06.jpg?w=1024\" alt=\"Robinhood CEO Vlad Tenez\" class=\"wp-image-21918339\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/robinhood-ceo-dogecoin-visa-compete-internet-currency-06.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/robinhood-ceo-dogecoin-visa-compete-internet-currency-06.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/robinhood-ceo-dogecoin-visa-compete-internet-currency-06.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Robinhood CEO Vlad Tenez outlined how dogecoin could gain broader adoption as a payment platform.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>The meme token\u2019s market capitalization is <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>roximately $19.5 billion, much lower than bitcoin\u2019s, which is approaching $769 billion.<\/p>\n<p>One of the most prominent proponents of dogecoin is Tesla CEO Elon Musk, who has invested in meme token and allows customers to pay for merchandise on the electric car maker\u2019s website using dogecoin.<\/p>\n<p>Musk, who made a bid this week to purchase Twitter for $43 billion, has also suggested that the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> company should integrate dogecoin into its platform.\n                        <\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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><\/p>\n<\/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\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/04\/15\/dogecoin-can-become-internets-currency-robinhood-ceo-says\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Dogecoin can become internet&#8217;s currency, Robinhood CEO says&#8221; The top boss at Robinhood is bullish about dogecoin\u2019s outlook \u2014 proposing the meme token has the potential to become the \u201cfuture currency of the internet\u201d if the developers take a key step to improve its functionality. Robinhood CEO Vlad Tenev detailed the hypothetical in a lengthy&#8230;<\/p>\n","protected":false},"author":1,"featured_media":432267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/robinhood-ceo-dogecoin-visa-compete-internet-currency-07.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[86883,86706,77456,128047,76127,39394],"class_list":["post-432266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dogecoin","tag-robinhood","tag-visa","tag-4-15-22","tag-cryptocurrency","tag-elon-musk"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/432266","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=432266"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/432266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/432267"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=432266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=432266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=432266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}