news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

No Result
View All Result
news4global
No Result
View All Result
Home Bitcoin

Robinhood’s CEO, Elon Musk, and DOGE Co-Founder Billy Markus Discuss Improving Dogecoin – Bitcoin News

April 15, 2022
Reading Time: 6 mins read
0
Robinhood’s CEO, Elon Musk, and DOGE Co-Founder Billy Markus Discuss Improving Dogecoin – Bitcoin News
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Hong Kong Web3 industry forms new associations – Forkast News

May 29, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Bipartisan Agreement on US Debt Ceiling Sends Bitcoin Above $28 … – Securities.io

May 29, 2023

On Thursday, following Robinhood’s listing of shiba inu, the co-founder and CEO of Robinhood, Vladimir Tenev, spoke about dogecoin being the future currency of the internet on Twitter. Tenev’s Twitter thread got a lot of comments and also received responses from the co-founder of the meme-based crypto, Billy Markus, and Tesla’s Elon Musk.

Robinhood CEO Discusses How Dogecoin ‘Can Be the Future Currency of the Internet and the People’

Elon Musk’s favorite crypto asset dogecoin (DOGE) got some attention on Thursday after the Bulgarian-American entrepreneur and Robinhood CEO, Vladimir Tenev, started a thread on the meme-token subject. The topic started as Twitter was ablaze with commentary concerning Elon Musk’s unsolicited bid to purchase the social media platform. It also follows Robinhood’s recent shiba inu (SHIB) listing and the company adding DOGE.

“Can Doge truly be the future currency of the Internet and the people?” Tenev tweeted on Thursday. “As we added the ability to send/receive DOGE on Robinhood, I’ve been thinking about what that would take. First off, transaction fees have to be vanishingly small. We’re already there. As of last Nov’s 1.14.5 update, typical transaction fees have been ~$0.003 – which you can experience on [Robinhood App] – compared to the 1-3% network fees that major card networks charge,” Tenev added.

The Robinhood CEO further said that the block time should be fast enough to be recorded into the chain in less time than a point-of-sale (POS) transaction. “But it shouldn’t be so fast that miners start building up too many competing chains and waste excessive amounts of energy establishing consensus,” Tenev opined. The Robinhood executive continued:

Doge’s current block time is 1 minute. This is a bit on the long side for payments – a ten second block time would be more appropriate as it would be less than the typical time spent completing a debit card transaction.

Elon Musk: ‘Block Size and Time Should Keep Pace With the Rest of the Internet’

Following Tenev’s Twitter statements, Musk responded after a very active day on Twitter for the Tesla executive. “6 seconds, better said as 6000 milliseconds, which is a long time to computers, is about right,” Musk replied to the Robinhood CEO. Making the conversation a bit more interesting, Dogecoin co-founder and software engineer Billy Markus added his two cents to the discussion with Tenev and Musk.

Markus detailed that eight years ago, he chose one minute blocks because “someone on bitcointalk said 45 seconds on a different chain was causing lots of issues, and 60 seconds was the fastest without having too many issues.” Markus then said:

The faster while still secure, the better IMO — I would guess the infrastructure of the web has improved enough in 8 years to experiment with speeding it up.

Tenev’s Twitter statements follow the recent listing of shiba inu on Robinhood and the CEO has been tweeting about that meme-based crypto asset as well. Musk has been conversing about Dogecoin network improvements for quite some time now (usually on Twitter), and has briefly mentioned a few times last year that the network should scale to the masses. In Tenev’s thread, Musk added a response to Markus’ “faster while still secure, the better” opinion and said: “Exactly, block size & time should keep pace with the rest of the Internet.”

Tenev’s Twitter statements also touched on Dogecoin’s supply mechanics when he explained that DOGE is “inflationary and the supply is infinite, as opposed to Bitcoin’s finite supply of 21M coins.” The Robinhood CEO said:

~5B new Doge are created every year, and the current supply is about 132B. This results in a current inflation rate of

Since Musk started talking about scaling the Dogecoin network last year, the Dogecoin Core development Github repo has seen a lot more action during the last 12 months. In fact, 1000x.group statistics show that between August 2017 and January 2021, Dogecoin network development was stagnant. Active Dogecoin Core network developers in recent times include the programmers Patrick Lodder and Ross Nicoll.

Tags in this story
Billy Markus, Block Size, Doge, doge fees, Dogecoin (DOGE), Dogecoin developers, Dogecoin Development, Dogecoin Network, Dogecoin Scaling, Elon Musk, Fees, Robinhood, robinhood dogecoin, Transaction Fees

What do you think about the conversation on Twitter with Vladimir Tenev, Billy Markus, and Elon Musk? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It

Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Hong Kong Web3 industry forms new associations – Forkast News

by admin
May 29, 2023
0

Hong Kong Web3 industry forms new associations  Forkast News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Bipartisan Agreement on US Debt Ceiling Sends Bitcoin Above $28 … – Securities.io

by admin
May 29, 2023
0

Bipartisan Agreement on US Debt Ceiling Sends Bitcoin Above $28 ...  Securities.io

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Americans Say There's Still One Brand Worse Than FTX – Blockworks

by admin
May 28, 2023
0

Americans Say There's Still One Brand Worse Than FTX  Blockworks

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Shaquille O’Neal And Other Celebrities Are Facing A Lawsuit Due To Their Role In Promoting Cryptocurrency – Yahoo News

by admin
May 27, 2023
0

Shaquille O’Neal And Other Celebrities Are Facing A Lawsuit Due To Their Role In Promoting Cryptocurrency  Yahoo News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Top Cryptocurrency Stocks for Q2 2023 – Investopedia

by admin
May 27, 2023
0

Top Cryptocurrency Stocks for Q2 2023  Investopedia

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Wireless Earbuds Sports Bluetooth Headphones 4 Mic Noise Cancelling Earbuds 60H Playtime Dual LED Power Display Flexible Earhooks Clear Calls Earphones IPX7 Waterproof Headsets for Running, Gym

Wireless Earbuds Sports Bluetooth Headphones 4 Mic Noise Cancelling Earbuds 60H Playtime Dual LED Power Display Flexible Earhooks Clear Calls Earphones IPX7 Waterproof Headsets for Running, Gym

May 30, 2023
See how police carefully freed a bear trapped inside a car

See how police carefully freed a bear trapped inside a car

May 30, 2023
COOSII Wireless Headsets with Microphone for Gaming Study Meetings Conference, Bluetooth Headphone Foldable Over Ear Soft 40H with Retractable Mic, USB Dongle for PS5 PS4 PC Computer Cellphone Laptop

COOSII Wireless Headsets with Microphone for Gaming Study Meetings Conference, Bluetooth Headphone Foldable Over Ear Soft 40H with Retractable Mic, USB Dongle for PS5 PS4 PC Computer Cellphone Laptop

May 30, 2023
Foxconn: iPhone maker hikes pay ahead of new model launch

Foxconn: iPhone maker hikes pay ahead of new model launch

May 30, 2023

Latest News

Wireless Earbuds Sports Bluetooth Headphones 4 Mic Noise Cancelling Earbuds 60H Playtime Dual LED Power Display Flexible Earhooks Clear Calls Earphones IPX7 Waterproof Headsets for Running, Gym

Wireless Earbuds Sports Bluetooth Headphones 4 Mic Noise Cancelling Earbuds 60H Playtime Dual LED Power Display Flexible Earhooks Clear Calls Earphones IPX7 Waterproof Headsets for Running, Gym

May 30, 2023
See how police carefully freed a bear trapped inside a car

See how police carefully freed a bear trapped inside a car

May 30, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global