SpaceX and Tesla CEO Elon Musk and the core developers behind Dogecoin are pushing an upgrade proposal to reduce transaction fees for the popular meme-crypto from 1 DOGE to 0.1 DOGE, making it more viable as a payment method.
For the plan to be adopted, it must win community support and be taken up by Dogecoin miners and node operators. Eventually, the developers and Musk are aiming to introduce fees of 0.01 DOGE. A demo of the proof of concept will be shown today at 2 pm EST.
Musk was voted Dogecoin CEO in 2019. Surprisingly, he accepted the temporary accolade. Since then, he has been advising the devs on their plans to make the cryptocurrency, which started out as a joke, a viable payment method—one that can routinely be used to buy a cup of coffee, as Decrypt exclusively revealed in May.
This is an important improvement
— Elon Musk (@elonmusk) June 22, 2021
Reducing transaction fees by 100% is one of the key objectives, and the Tesla chief called the proposal—originall
Źródło: https://decrypt.co/74346/dogecoin-devs-elon-musk-push-fee-reduction-proposal
