Last month Elon Musk tweeted that he had talked it over with Vitalik Buterin and were in agreement that the best way to get the Dogecoin community involved in the SegWit bridge is to integrate Dogecoin into the SegWit protocol.
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Dogecoin is a meme coin inspired by the Doge meme. The official Dogecoin website says that “Dogecoin is an open source peer to peer digital currency, favored by Shiba Inus worldwide, which is a 3 letter word that starts with ‘D’.” More specifically, Dogecoin is a joke (the currency is derived from it), which became a joke (it became a currency).. Read more about doge ethereum bridge 2021 and let us know what you think.
- Vitalik Buterin discusses the collaboration between Ethereum and Dogecoin.
- It took them almost five years to get to where they are today.
- By investing solely in DOGE, $25,000 became $4.3 million.
In an interview with Lex Fridman, Artificial Intelligence Researcher, Vitalik Buterin, Ethereum Co-Founder, discussed the Ethereum and Dogecoin cooperation last week.
According to a tweet on dogecoin from Tesla and SpaceX CEO Elon Musk,
Someone like Elon Musk has a lot of clout when it comes to promoting the creation of a cryptocurrency.
Fridman asked Buterin whether there was a way to use that power and momentum to help Ethereum develop. Buterin said that if DOGE wishes to connect to Ethereum in some way so that individuals may trade DOGE millions of times per second while looping, that would be fantastic.
Furthermore, he said that he believes it would be fantastic if we could have a safe Doge-to-Ethereum bridge, and that if Ethereum achieves any scale that works for Ethereum assets, you would be able to trade wrapped DOGE with very cheap transaction fees and extremely fast speed.
As a result, Musk said in the interview that he “very much agrees with Vitalik.” Buterin addressed why the transition from proof-of-work (PoW) to proof-of-stake (PoS) is taking longer than anticipated.
He claims that the most serious issues he has discovered are not technological in nature, but rather human-related. It took almost five years, according to Buterin, to get to where they are today.
Accordingly, in the previous month, Musk suggested some improvements for Dogecoin. Elon Musk said, “Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down”.
Vitalik just invested $25K in DOGE.
Vitalik Buterin, the co-founder of Ethereum, explained how he converted $25,000 into $4.3 million in only three years by investing solely in DOGE. Furthermore, he donated everything to charity.
In a single day, the price of the DOGE rose 775 percent from $0.008 to $0.07, according to Vitalik Buterin. He quickly called several of his pals and urged them to put their lives on hold. In addition, he received $4.3 million for selling half of the DOGE. He gave the money to charity. After he did this, the price fell from almost $0.07 to $0.04 within a few hours.
As a result, he sold half of his DOGE. Buterin seemed like a great trader until the price dropped to $0.04, then $0.07, and finally $0.5. The Doge coin is now worth almost $20 million to Ethereum co-founder Vitalik Buterin.
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Back in February, when crypto drama first started to brew between Ethereum and Dogecoin, Ethereum founder Vitalik Buterin said that the two blockchains were “like chalk and cheese”. He claimed that Ethereum’s use cases are better than Dogecoin’s, and that the two blockchains are “not even comparable”. Fast forward to today, and this is the state of affairs between the two cryptos, as popular Bitcoin investor and CEO of Dogecoin Josh Mohland revealed.. Read more about will dogecoin merge with ethereum and let us know what you think.
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