Tuesday, October 26, 2021
HomeDaily Hodl NewsElon Musk Gives a ‘Thumbs Up’ to New Dogecoin Update

Elon Musk Gives a ‘Thumbs Up’ to New Dogecoin Update

Billionaire and business tycoon Elon Musk is showing his approval of Dogecoin’s (DOGE) latest network upgrade.

Dogecoin co-creator recently Billy Markus took to Twitter urging miners to download the meme coin’s latest upgrade, which enables them to run more efficient nodes on the network that validate transactions and lower fees.

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Musk, who is known in the crypto community as a Dogecoin fan, showed his approval of Markus’s tweets by replying with a thumbs-up emoji and a hundred percent symbol.

Musk had previously made comments suggesting that Dogecoin needed lower transaction fees before it could expect to see more widespread adoption.

According to Markus, it’s more important for mining pools to download the upgrade than for every individual user to do so.

“If no one new made a node and all the existing mining pools updated to 1.14.4, that would be enough for a successful release. In terms of running your own node, that’s great if you want to run a dedicated node that you will always keep up to date.

If people are wondering why I’m not screaming ‘everyone run a node’ at the top of my lungs constantly, it’s because that isn’t really the thing that’s needed short term. What’s needed is for mining pools to update.”

Dogecoin is trading at $0.23 at time of writing, according to CoinGecko.

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Featured Image: Shutterstock/Veronika Surovtseva

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