Altcoins, Cryptocurrency

Ethereum Co-Founder Wants To Improve Dogecoin

Charles Hoskinson, Ethereum’s co-founder tweeted a fascinating video. It’s about making Dogecoin better than what it is now and it comes packaged with full technical jargon.

Charles Hoskinson, the co-founder of the second more prominent cryptocoin Ethereum, recently released an eight-minute video about improving Dogecoin.

It’s full of technical jargon. Hoskinson essentially explains that Dogecoin needs to improve its transaction speed and make it more like Bitcoin.

  • He stated that if developers could give Dogecoin a “Bitcoin-like system,” then it would produce about 10,000 transactions per second; which would only increase the amount of Dogecoin out there.

You can view the eight-minute video below or on Twitter. The video is full of cryptocurrency technical terms and a little in the weeds. Below the video, we’ll talk about why this matters.

Ethereum Co-Founder Video For The Technoking

Hoskinson released the video specifically for Elon Musk, it seems. He stated that he hoped the media would benefit the Dogecoin community and Elon Musk.

  • “I wish him the best of luck in rebuilding that cryptocurrency with his super-elite engineers, which I have no doubt he has as he’s one of the world’s richest men,” he stated, according to Benzinga.
  • He continued saying, “Thank you truly for entering our space and thank you truly for telling everybody that you’re going to take custody of that cryptocurrency and make sure it gets where it needs to go, and I look forward to the great innovations you guys come out within a year or two.

Musk has been hinting at working with Dogecoin in recent days. Musk released a poll that urged if Tesla should accept Dogecoin as a form of payment, just as he announced Tesla would no longer buy Bitcoin for payments. He later mentioned that he was working with Dogecoin to improve the cryptocurrency. He tweeted,

“Working with Doge devs to improve system transaction efficiency. Potentially promising” 

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