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Elon Musk prefers Dogecoin over Bitcoin and Shiba Inu as a method of fee
Elon Musk believes that Dogecoin is a far superior type of fee in comparison with Bitcoin and Shiba Inu.
The Tesla boss liked a tweet posted by Billy Markus, the co-founder of the unique dog-themed coin, that compares the transaction charges of the three above-mentioned cryptocurrencies.
dogecoin’s low charges make it perfect for all types of transactions pic.twitter.com/PR0hB1tD3y
— Shibetoshi Nakamoto (@BillyM2k) November 12, 2021
Earlier this week, as reported by U.At present, Dogecoin carried out a hotly-anticipated software program replace to dramatically cut back the price of transactions on the community to only 0.01 DOGE (roughly $0.002) per kilobyte.
Due to the current efficiency enchancment, it’s less expensive to ship Dogecoin than Bitcoin and Ethereum-based Shiba Inu.
Final month, Musk confirmed that he didn’t personal any SHIB tokens, however this didn’t forestall the second-largest canine coin from rallying to report highs and briefly surpassing Dogecoin.
In late Might, the centibillionaire escalated his spat with Bitcoiners after taking the facet of Bitcoin Money supporters in a debate about transactions charges.
In August, Musk agreed with fellow entrepreneur Mark Cuban on Dogecoin being the strongest cryptocurrency in relation to commerce.
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