Tesla CEO Elon Musk shared what he believes is the most significant improvement over Dozcoin. He further clarified that he has no affiliation with the Dogcoin Foundation and that he is not investing in SHIB tokens. Musk has confirmed that he is holding only three cryptocurrencies.
Elon Musk, Shiva Inu Token in Dogecoin Improvement
Elon Musk, CEO of Tesla and SpaceX, tweeted several times on Sunday about cryptocurrency, bitcoin, dozcoin and Shiva Inu tokens.
Regarding Dogcoin’s improvement, he was asked if he had a recent interaction with the Doug Development team. Admitting that he has not contacted them lately, Mask shared:
imo What is important is to reduce fees, reduce block time and increase block size. A single layer network with exchange as de facto layer 2 seems to be the easiest solution for medium of exchange.
Billy Marcus, co-creator of Dogcoin, shouted and responded to Mask's Dog Improvement tweet. He emphasized that in his opinion, "Dogcoin is fast, scalable and affordable to send around." It adds "It no longer needs to be a blockchain that hosts NFT or other tokens or whatever." Musk answered with a "hundred point" sign.
Furthermore, Musk answered another Dodge supporter who asked: "Do you think Dogecoin could be more practical and efficient than something like Lightning Network as a medium of exchange if it meets the goals you set here?"
The Tesla executive replied: "Probably. Bitcoin was envisioned at a time of relatively low bandwidth and high latency. If both continue to improve enough, we will reach a point where the second level will not be needed."
In August, Musk agreed with the NBA team's billionaire owner, Dallas Mavericks Mark Cuban, that "the Doug community is the strongest when it comes to using it as a medium of exchange."
Musk also made it clear on Sunday that he had nothing to do with the Dodgecoin Foundation in response to a comment on Twitter: "Jared Berchal represents Elon Musk, but as an adviser he has no right to vote directly. This guarantees that the foundation will remain independent while taking advantage of Shiva’s skills like Elon. The CEO of SpaceX wrote:
Jared, I or anyone I know has nothing to do with this foundation.
The Dogecoin Foundation reopened in August. Its website lists Jared Berchal as one of its four board advisers, describing him as one of Musk's "legal and financial advisers." Other advisers to the board include Marcus and Ethereum's Vitalic Buterin.
Kasturi was asked how much Shiva Inu (SHIB) he is holding? Tesla Technoking simply answered, "No."
In addition to SHIB, Musk was asked if he had several other cryptocurrencies, including Floki, named after his Shiva Inu puppy.
Instead of reacting to each coin, Musk confirmed that he owns only Bitcoin, Ether and Dogcoin. "Out of curiosity, I've acquired some ASCII hash strings called 'Bitcoin, Ethereum and Dog.'" As I said before, don't bet on crypto. No.
Musk previously said that his companies, SpaceX and Tesla, only own Bitcoin. The electric car company released its Q3 earnings report this week showing িতে 1.26 billion in BTC.