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Elon Musk is back with another tweet annoying crypto investors. This time to send the target in his fight Dogecoin (CCC:DOGE-USD) to the moon ether (CCC:ETH-USD) Co-creator Vitalik Buterin.
Source: George Melin / Shutterstock.com
It all started when Buterin posted an entry on his blog over the weekend discussing the limits of blockchain’s scalability. In this blog he discusses the risk of developing a blockchain without keeping it decentralized enough.
Buterin posted this blog post in response to an earlier tweet from Musk. In that tweet, Musk said, “Ideally, Doge will speed up the block time 10x, increase the block size 10x, and decrease the fee 100x. Then it will undoubtedly win. ”It was he who reacted to another Twitter (NYSE:TWTR) about the advantages of DOGE over Bitcoin (CCC:BTC-USD).
Here is part of the Buterin blog post about scaling a blockchain and the possible problems it could face.
“There are two ways to scale a blockchain: fundamental technical improvements and simply increasing the parameters. Increasing the parameters sounds very attractive at first: If you count on a napkin, you can easily convince yourself that a consumer laptop can process thousands of transactions per second without ZK-SNARKs or rollups or sharding. Unfortunately, there are many subtle reasons why this approach is fundamentally flawed. “
Elon Musk’s latest tweet about Dogecoin comes after Cointelegraph published an article on this blog post. Musk responded to the article on Twitter with the following tweet.
He fears the… pic.twitter.com/78WzM5ICjA
– Elon Musk (@elonmusk) May 24, 2021
And this morning comes the lecture that ETH co-founder Buterin Dogecoin fears.
DOGE rose 12.2% and ETH 24% on Monday morning.
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At the time of publication, William White held positions (neither directly nor indirectly) in any of the securities referred to in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s posting guidelines.
The Post Dogecoin beef? Why Elon Musk says that Vitalik Buterin from ETH “Fears the DOGE” first appeared on InvestorPlace.
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