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<p>The developers of the project were recommended to reduce the <strong>commission for transactions</strong> on the network by 100 times. Earlier, the head of <strong>Tesla </strong>and <strong>SpaceX </strong>said that such decisions will help <strong>altcoin </strong>beat <strong>bitcoin</strong></p>



<p><strong>Tesla </strong>and <strong>SpaceX </strong>CEO <strong>Elon Musk</strong> supported the proposal to update the <strong>Dogecoin network</strong>. It argues that the average transaction fee on the <strong>altcoin blockchain </strong>should be reduced by 100 times.</p>



<p>At the moment, the cost is about 1 <strong>Doge</strong>, which is, on average, five times more expensive than transferring funds on the <strong>Litecoin network</strong>.</p>


<blockquote class="twitter-tweet">
<p lang="en" dir="ltr">Important to support</p>
<p>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1409372298029584385?ref_src=twsrc%5Etfw">June 28, 2021</a></p></blockquote>
<p> <script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>



<p>Over the past day, the <strong>Dogecoin </strong>price has increased by 5%, to the current level of about $ 0.25. The cost of the <strong>cryptocurrency </strong>rises against the background of the rise in price of <strong>bitcoin</strong>, the price of which has increased by 4% over the past 24 hours, to $ 34.5 thousand.</p>



<p>In May, <strong>Musk </strong>wrote in his <strong>Twitter </strong>account that <strong>Dogecoin Bitcoin </strong>can win if <strong>altcoin </strong>will be introduced major changes network. </p>


<blockquote class="twitter-tweet">
<p lang="en" dir="ltr">Ideally, Doge speeds up block time 10X, increases block size 10X &; drops fee 100X. Then it wins hands down.</p>
<p>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1393738154889338884?ref_src=twsrc%5Etfw">May 16, 2021</a></p></blockquote>
<p> <script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>



<p>The billionaire also said that he is working with the developers of the project to improve the transactional efficiency of the system.</p>


<blockquote class="twitter-tweet">
<p lang="en" dir="ltr">Working with Doge devs to improve system transaction efficiency. Potentially promising.</p>
<p>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1392974251011895300?ref_src=twsrc%5Etfw">May 13, 2021</a></p></blockquote>
<p> <script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>



<p>Late last month, <strong>Ethereum </strong>co-founder <strong>Vitalik Buterin</strong> criticized <strong>Musk </strong>&#8216;s idea of ​​scaling <strong>Dogecoin</strong>. </p>


<blockquote class="twitter-tweet">
<p lang="en" dir="ltr">Response to the most common response: no, I have not &#8220;changed&#8221; from being a &#8220;big blocker&#8221; to being a &#8220;small blocker&#8221;! I&#8217;ve been quite consistently a &#8220;medium blocker&#8221; all along!</p>
<p>See also:<a href="https://t.co/IQ3C9u4pkb">https://t.co/IQ3C9u4pkb</a></p>
<p>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1396623752532676608?ref_src=twsrc%5Etfw">May 24, 2021</a></p></blockquote>
<p> <script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>



<p>According to the creator of the largest <strong>altcoin </strong>in terms of <strong>capitalization</strong>, the proposals of the head of <strong>Tesla </strong>and <strong>SpaceX </strong>will deprive the asset of decentralization and other distinctive technological properties.</p>



<p></p>

Elon Musk supported the proposal to update the Dogecoin network
