DogeCoin Transaction Fees Will Reduce Soon

A developer of DogeCoin is ready to run new DogeCoin blockchain code on DogeCoin live test network. 

Elon Musk approved the idea of the developer and also he said it will be the most important update for DogeCoin users.

Elon Musk, Tesla & SpaceX CEO, started a discussion about the DogeCoin potential to make DogeCoin more stable.

Everyone knows very well how this Cryptocurrency market is badly dumping because of Crypto mining ban and crypto ban news in China.

In this situation it is a step by Elon Musk to give stability in the price of DogeCoin through this news of development work.

Ross Nicoll, a DogeCoin developer, tweeted that he is ready to convince naysayers about the devs being able to reduce the current DOGE transaction fees.

After this tweet, Elon Musk replied ” Reduction and improvement in DogeCoin transaction fees  is a important need for DogeCoin network” 

Since already,Elon Musk tweeted about the DogeCoin efficiency development work with DogeCoin developers. 

According to Ross Nicoll, the community of DogeCoin is eagerly discussing the improvement and efficiency of DogeCoin. And we are trying to find the best method to reduce the fees so that miners remain motivated with our work on DogeCoin.

Related: What is TestNet and MainNet?

Probably here Ross Nicoll wants to say that they will not disturb the miners reward system because of development work.

Before this discussion of DogeCoin efficiency already Elon Musk revealed their vision on DogeCoin efficiency. 

In this tweet we can see clearly that the main target of Elon musk is to achieve 10× block time speed and 100× fees reduction.

Michael Saylor, MicroStrategy CEO, objected on this point against Elon. 

Michael said, the world needs a decentralized and secure store of value, Not a centralized, less secure and inflationary medium of exchange.

So openly he said that Bitcoin is needed and DogeCoin is less secure.

Read also:Charles Hoskinson : Ethereum Will Overtake Bitcoin