Robinhood CEO Explains How Dogecoin Can Become People’s Currency
In a recent Twitter thread, Robinhood CEO Vlad Tenev has suggested several advancements that could make Dogecoin the currency of the internet and the people.
The 35- time-old superintendent claims that sale freights have to be “ vanishingly small” for the meme cryptocurrency to reach wide acceptance. The Dogecoin Core1.14.5 upgrade, which was enforced last November, significantly lowered sale freights. As noted by Tenev, this makes it a much cheaper volition to popular card networks that generally charge up to 3 per sale.
The Robinhood superintendent also says that the block time should be reduced to just ten seconds. In such a way, Dogecoin would be suitable to contend with Visa and other card networks. Still, Tenev also believes that the block time should n’t be too presto so that miners would n’t have to waste too important energy on establishing agreement.
Tenev has proposed adding Dogecoin’s block size to 10 gigabytes (GB), which would make it possible for the Bitcoin parody to handle a high number of deals. One of the crucial arguments against adding the block size is that it would inescapably affect in a advanced degree of centralization since one would be needed to operate precious tackle in order to run a full knot. Tenev, still, believes that it would be a reasonable trade-off, putatively echoing Bitcoin SV sympathizers.
Dogecoinco-founder Billy Markus has reflected that the structure of the web has bettered enough to speed up Dogecoin. Centibillionaire Elon Musk has also joined the debate, claiming that the block size has to keep pace with the rest of the internet
