Ethereum founder gives Elon Musk a video guide on how to fix Dogecoin

The founder of Cardano (ADA) has posted a step-by-step video about how Elon Musk can help fix the Dogecoin cryptocurrency.

@Jak_ConnorTT
Published Tue, May 18 2021 4:34 AM CDT   |   Updated Mon, Jun 14 2021 9:11 PM CDT

Charles Hoskinson, the co-founder of Ethereum and founder of Cardano, has posted a step-by-step video guide on how Elon Musk can help Dogecoin developers fix Dogecoin.

Tesla CEO Elon Musk recently announced that he was working with Dogecoin developers to improve the currency and that it's "potentially promising". The founder of Cardona has suggested that Dogecoin needs to replace the Scrypt protocol with Prism protocol to improve its transaction efficiency. Hoskinson goes on to say that Dogecoin could reach up to 10,000 transactions per second if it implemented Prism.

Hoskinson goes on to recommend that Dogecoin adopts the HashCore algorithm, as well as the ErgoScript. The HashCore algorithm will keep Dogecoin ASIC-resistant, and the ErgoScript algorithm will usher in smart contracts for Dogecoin. As for Musk's recommendations for improving Dogecoin, the Tesla CEO has proposed increasing the Dogecoin block size by ten times. For more information on this story, check out this link here.

More Elon Cryptocurrency News:

Elon Musk may allow Tesla vehicles to be purchased with Dogecoin

Elon Musk is working with Dogecoin developers, says it's 'promising'

Elon Musk stops Bitcoin payments for Tesla, cites mining energy costs

Ethereum founder gives Elon Musk a video guide on how to fix Dogecoin 01 | TweakTown.com
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Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest news. Jak's love for technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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